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student loans

Income-Based Repayment plans

How to manage student debt when switching to income-based repayment plans

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Managing student debt through Income-Based Repayment plans (IBR) is one of the most effective ways to make your federal student loan payments more affordable. By linking your monthly payments to your income and family size, IBR plans ensure you never pay more than you can reasonably afford—helping you stay on track financially while working toward […]

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student loan repayment strategies

Student Loans: Smart Strategies for Repayment and Forgiveness

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Navigating the world of student loans can feel overwhelming, especially when it comes to understanding your repayment options. You may find yourself faced with a variety of choices, each with its own set of terms and conditions. The first step in exploring effective student loan repayment strategies is to familiarize yourself with the types of

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pay off student loans

What Really Happens If You Don’t Pay Off Student Loans After Graduation

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If you’ve ever wondered what happens if you don’t pay off student loans, the answer is clear: defaulting can have life-altering financial consequences. From wrecked credit scores to wage garnishment and even limited job opportunities, ignoring your loans is not a problem that disappears with time. Understanding the potential outcomes of defaulting on student loans

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Smart Financial Planning for Life’s Big Decisions

Smart Financial Planning for Big Life Decisions

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Smart financial planning isn’t about reacting to life—it’s about anticipating it. Whether you’re eyeing a car upgrade, weighing a crypto investment, or mapping out how to tackle student debt, big financial choices require a strategy, not guesswork. Effective smart financial planning ensures you’re prepared for any unexpected expenses and helps you make informed decisions. The

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A man and woman sit at a table, reviewing a document together. With coffee mugs steaming beside them and a laptop open, they're discussing the best approach to find a financial advisor. high-performing team culture, early adulthood financial mistakes

Common Financial Mistakes in Early Adulthood (And How to Avoid Them)

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Early adulthood financial mistakes can quietly undermine your future—before you even realize it. For many, this phase marks the first time you’re managing your own money, making career decisions, and possibly supporting a household. Whether you’re fresh out of college, recently married, or navigating life after your first job, it’s a critical window for building

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repay your student loans, wrong student loan amount

The Best Ways to Handle Repaying Your Student Loans

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As of October 1, 2023, the payment pause that had been in effect for federal student loans ended. That means millions of borrowers who had not been making any federal student loan payments during the pandemic now have to think about another major expense in their budget. According to the Federal Reserve Bank of New

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A family of three works on a homework assignment together at the kitchen counter, seamlessly weaving in a lesson on budgeting strategies.

Should You Save for Retirement or Pay For Your Kid’s College Tuition?

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When it comes to financial priorities, the question of whether to save for retirement or pay for your kid’s college tuition looms large. In an era where education costs continue to rise and student loan debt burdens many young adults, parents find themselves torn between securing their own retirement and supporting their children’s future. This

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repay your student loans, wrong student loan amount

What to Do If You’re Charged the Wrong Amount for a Student Loan

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Wrong Student Loan Amount: Being charged the wrong amount for a student loan can be frustrating—especially when you’ve made your payments on time and in full. With multiple loan accounts and varying billing cycles, it’s easy for errors to slip through the cracks. Whether your payments have been misapplied or not credited at all, it’s

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A graduation cap sits atop a spread of hundred-dollar bills with a rolled diploma beside it, symbolizing the triumphant end of years of hard work, but also hinting at the looming presence of Sallie Mae.

How to Lower Your Sallie Mae Student Loan Interest Rate

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If you’re trying to lower your Sallie Mae student loan interest rate, you’re not alone. One reader of AskTheMoneyCoach.com shared their frustration about consolidating loans with Sallie Mae back in 2001 at a fixed 7% interest rate. While payments have been consistently made for over a decade, Sallie Mae offered no solutions when asked about

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