Income-Based Repayment: The Ultimate Guide for Student Loan Borrowers
Income-based repayment is one of the most popular repayment options for federal student loans because it adjusts monthly payments based on income and family size. For many borrowers, IBR can drop payments to an affordable level—even as low as $0. In this guide, you’ll learn exactly how income-based repayment works, who qualifies, how forgiveness works, […]
Tackling Debt and Rebuilding Credit After College
Graduating from college marks a major life achievement—but it often comes with a financial wake-up call. For many young adults, that diploma is followed by the heavy burden of student loan debt, credit card balances, and entry-level paychecks that barely cover rent. If you’re feeling financially overwhelmed, you’re not alone. The good news? You have […]
Student Loan Forgiveness: The Biden Plan Explained
Here’s what is known so far about the new student loan cancellation program, how you can get student loan forgiveness, the surprising ways that past and future generations of college students will benefit, and what’s NOT included in the Biden plan.
Student Loan Forgiveness Programs and Where to Find Them
Millions of Americans have student loan debt – from recent college graduates to people in their 60s. Student loans are the one form of debt you typically can’t get rid of in bankruptcy court, so this debt can stay with you for decades if you don’t pay it off. Here are frequently asked questions about […]
You Can Qualify For Student Loan Forgiveness If You Are Disabled
The Federal government can cancel some or part of your federal student loan (not private student loans) under certain circumstances. This is known as “student loan forgiveness”, and you will need to prove that you meet certain criteria in order to qualify for this type of loan cancellation. If you are disabled, and cannot work […]
Where Can I Get a List of Companies that Offer Student Loan Forgiveness?
One of the quickest ways to eliminate your student loans is to pursue a career that will pay off your student loans for you. Loan forgiveness programs are typically extended to those who enter a career in military service, volunteer work, teaching, the legal and medical fields, and several other service-oriented professions. If you are […]
Dealing with Student Loans After Bankruptcy
Question: I went to Culinary School not realizing my student loans would cost me around $1,000 a Month. We had to file a Chapter 13 bankruptcy to hold them off for 5 years, but I will still be hurting when it is over and Sallie Mae will not even consolidate the loans anymore. I am […]