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Pay As You Earn Student Loan Repayment Plan

If you are experiencing financial problems and need to make lower payments on your student loans, you might want to consider the pay as you earn repayment plan.  You must demonstrate financial hardship, be a new borrower as of October 1, 2007, and have received a Direct Loan disbursement after October 1, 2011, in order to qualify.  This program is available for several types of federal student loans, including: […]

By |January 9th, 2014|Pay Off Student Loans|0 Comments

Where Is The Money From The Student Loan Sent?

The money from a student loan is – generally speaking – only sent to one of three places: your school, your own mailbox, or that of your parents. Federal loans are sent to your school directly, which then disburses it as needed. For loans like Perkins or Stafford, the United States Department of Education works with the school directly to determine tuition and sometimes boarding and supplies costs. […]

By |July 11th, 2013|Pay Off Student Loans|0 Comments