Tips include being in touch with your loan servicer, being patient, and using free resources.…
By Julie Shields-Rutyna    |
Details include what counts as a loan payment, where employers can deposit matches, when this goes into effect, if all employers participate, and matching limits.…
By Meredith Clement    |
With the federal government's new SAVE Repayment Plan, a PLUS Loan may become eligible for repayment if borrowers have at least two federal loans, if the loans are consolidated twice, and if consolidation occurs before July 1, 2025…
By Meredith Clement    |
The SAVE plan increases the amount of protected discretionary income, forgives any interest that accrues each month that is not covered by the calculated monthly payment amount, and starting in July 2024, will decrease the percentage of the discretionary income in the calculation.…
By Shawn Morrissey    |
Learn about interest capitalization, when it typically happens, how you can avoid it, and what the exceptions are. …
By Lauren Danz    |
Read one woman's story of how she fits student loan payments into her budget and learn how you can make repayment work with your larger financial goals. …
By Lisa Rooney    |
Learn when to refinance student loans, if there is a downside to refinancing, if it costs money to refinance, and if refinancing can hurt your credit score. …
By Shaun Connolly    |
Learn if you can set up a monthly auto-pay, how early you can begin repayment, if there's a penalty for repaying early, how many servicers you may have, and how to consolidate. …
By Meredith Clement    |
Learn about student loan deferment, if it could impact your credit score, what to consider when deferring, and how to request deferment. …
By Lisa Rooney    |
Prepayments will now count as a qualifying payment, lump sum payments will now count for as many qualifying payments as they cover, and borrowers must now complete only one form to apply for loan forgiveness. …
By Shaun Connolly    |