The Dangers of Misleading Student Loan Calculators
Student loan calculators can simplify things, but they don’t always give borrowers the results they need.
There is a long list of resources to knock out federal and private student loans. For many borrowers, the ideal approach will be a combination of some of the programs below.
If you are brand new to student loan repayment, this guide is a helpful starting point.
Student loan calculators can simplify things, but they don’t always give borrowers the results they need.
Years of minor changes eventually made it nearly impossible to discharge student loans in bankruptcy, but for the first time in years, borrowers may now have reason for optimism.
With some temporary federal student loans programs over, or nearly complete, borrowers have to track several different moving targets.
A new Department of Justice policy will make it significantly easier for federal borrowers to get bankruptcy relief on their student loans.
There is a lot to like about the proposed new IDR plan, but a closer inspection shows some room for improvement.
Many significant rule changes have happened during the Covid-19 payment and interest pause. Some of these changes have been well publicized, while others got little attention.
Borrowers can now get refunds for federal student loan payments made during the Covid-19 pandemic. All borrowers should ask for a refund.
Changes in monthly IDR bills are common. Several different possibilities could explain the increase.
*There are a few cases where knocking out federal student loans first makes sense. However, the majority of borrowers will benefit from prioritizing eliminating private loans.