The Draw of Student Loans
For a lot of people the initial idea of student loans is negative. You don’t want to owe more money after you’ve finally finished going to school. Who wants to make all those payments for years and then lose money that they worked hard for? It’s something that you have to push yourself to agree to simply because, if you don’t, you’ll never be able to go to college and that idea sounds even worse than making payments after it’s over. But once you start looking at those student loans they get a little more appealing. […]
Taking On College Loan Repayment As a Couple
When you’re young and decide to take out those student loans you’re probably not thinking too much about how you’re going to repay them. You might be thinking a little about the future but you figure it’s going to be a while before those loans come due and then you’ll worry about it right? Well I know I was. I was really trying not to think about the time when those loans would be due and I would need to give that money back. Even though I didn’t borrow much I still knew I didn’t really want an extra bill every month (which is the same thing a lot of students think. You can read more about it here.) […]
Having Student Loans Takes a Toll
For many people there is no way around taking out student loans. You find yourself stuck between not going to college at all and getting a loan to help you pay for it. And with the way society is going it’s nearly impossible to get anywhere in life if you don’t get a college degree. Therefore you find yourself stuck between a rock and a hard place. So you end up taking out those loans so that you can move on with your life and hopefully you’ll be able to pay them back once you get a better job. […]
Federal Student Loan Forgiveness in 2015
There is a new proposal going into effect this year that was issued by the president. This new executive order is expected to be made effective by the end of the year actually so most individuals will be affected by it during the 2016 year which is the second half of the current school year. You’ll want to know what the new rules are going to be for loans as well as for getting them waived in the end. No one wants to pay for a loan they don’t have to pay after all. […]
Obama Student Loan Forgiveness Changes for 2015
For those who are currently pursuing a degree and those who are going to be attending college or university for the first time this year, understanding the payback information regarding their student loans is important. These rules have just recently been changed yet again and it’s crucial that you understand what President Obama has in mind for loan forgiveness in the current year. It’s not going to be exactly the same as it has been in years past. It also will affect those who are simply paying their student loan and don’t qualify for forgiveness. If you still need to apply for a loan you can do so here. […]
Why Make Loan Payments During Deferment?
When you take out a student loan you actually get a short period of deferment. That means that there’s a period of time when you don’t need to make payments on the loan. This is the entire time that you’re still in school and also usually about six months after you stop attending at least part time. You aren’t required to do much of anything during this time because the federal government understands that you don’t have the money you need to pay for school or your loan. Of course after this time you are required to pay (though there are some circumstances where loans may be forgiven which you can check out right here). […]
Extended Student Loan Repayment Plan
If you plan on entering a lower-paying field or have accumulated a significant amount of debt, you might consider using the extended repayment plan to pay back your federal student loans. This program is available for several types of Direct and Federal Family Education Loan (FFEL) program loans, including: […]
Income-Based Student Loan Repayment Plan
If you find yourself in a difficult financial situation after school, the income-based repayment plan could offer you relief from higher monthly payments. This program is available for several types of Direct and Federal Family Education Loan (FFEL) program loans, including: […]