Student Loan News – February 07, 2014
Here are the best articles from around the web this week talking about student loans… For the week ending Friday February 07, 2014 Student Loan News: 1. Student loan refinancing bill draws packed hearing, questions about its effectiveness: A Democratic bill to help ease the budget crunch for three-quarters of a million student loan borrowers drew a packed house at a Wednesday legislative hearing, with a doctor and aspiring lawyer speaking in favor and some industry professionals saying the bill needs changes to reach its intended goals. […]
Income-Contingent Student Loan Repayment Plan
If you cannot afford the more standardized repayment plans but are not eligible for the income-based plan or pay as you earn plan, you might consider the income-contingent plan for repaying your student loans. This program is available for several types of federal student loans, including: Subsidized and Unsubsidized Direct Loans Direct PLUS Loans for graduate or professional students Direct Consolidation Loans (except Direct PLUS Consolidation Loans) […]
Income-Sensitive Student Loan Repayment Plan
If you have loans through the Federal Family Education Loan (FFEL) Program and need to make lower monthly payments, the income-sensitive repayment plan could be your best option. This plan is available to the following federal student loans: Subsidized and Unsubsidized Federal Stafford Loans FFEL PLUS Loans FFEL Consolidation Loans […]
3 Tools to Help Pay off Student Loans
Graduation day is arguably one of the best days in the entire college experience. After years of study, students are now ready to pursue a career in their chosen field and reap the rewards of their hard work. It also means that the start of student loan repayments is just around the corner. Sarah Ang, writing on Mashable.com says “Recent grads may very well agree that student loan debt is like the bastard child of the collegiate experience: unexpected, unwanted and very expensive for years to come.” […]
Planning Ahead: Graduation, Grace Periods And Loan Repayment
If you're asking yourself “how long do I have after graduating to start paying back my student loan,” you’ve got the makings of a financially solid adult. Too often graduation comes faster than anyone expects, even though it seems like it can be forever when you’ve got midterms looming in front of you. Or, outside pressures make it necessary to drop below full-time student status or take a leave of absence from school altogether. Either way, the day will come when you have to repay your student loan. […]
Graduated Student Loan Repayment Plan
After college, many people are forced to take lower-income jobs, often as a stepping-stone to a better-paying position. If this sounds familiar, the graduated repayment plan could make paying back your federal student loans a little less stressful. This program is available for several types of Direct and Federal Family Education Loan (FFEL) program loans, including: […]