Currently Browsing:replaying student loans

Student loan forgiveness may be a sweet deal for borrowers, who have collectively accumulated more than $1.3 trillion in debt. The downside: a potentially big tax bill down the road. The federal government currently offers two types of loan forgiveness for student debt: public service loan forgiveness and loan forgiveness provided by income-based repayment plans,

Read More

For-Profit Colleges Account for a Third of All Federal Student Loan Defaults Even though they account for just 26% of all federal loans. Over one-third of federal student loan defaults can be attributed to students at for-profit schools. Students at for-profit colleges accounted for 35% of defaults during the three year period starting in 2013—down

Read More

Refinancing debt to consolidate multiple loans into a single one is a standard of debt management. Sometimes it’s to get access to a more favorable interest rate. Sometimes it’s to reduce the monthly payment requirements by stretching them out of a longer repayment period. And in some cases, it’s just for the administrative ease and

Read More

  Everything You Need to Know About Repaying Your Student Loans Kim Clark @Money_College Oct. 30, 2015 College loans coming due? Here’s help. For about 1 million college students, including many members of the Class of 2015, student loan payments will start coming due on Nov. 1. If you’re part of that group, you may

Read More