Important Student Loan Rule Changes to Understand
Sticking to old assumuptions and strategies could mean that borrowers miss out on new opportunities to save money on federal student debt.
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.
Sticking to old assumuptions and strategies could mean that borrowers miss out on new opportunities to save money on federal student debt.
IDR plans like SAVE could result in borrowers receiving a massive tax bill when their student loans are forgiven.
The new SAVE plan offers considerable savings for IBR, PAYE, and REPAYE borrowers, but care is necessary when enrolling.
Federal direct consolidation can have a huge influence on the IBR and PSLF loan forgiveness clocks.
The Supreme Court struck down the plan to forgive up to $20,000 per borrower, but the hope for debt cancellation is far from over.
A zero-dollar monthly payment may seem like a scam, but it is a legitimate option for some federal student loan borrowers.
Choosing the right federal repayment plan might seem overwhelming, but finding the best option usually isn’t very difficult.
Republicans in Congress proposed five new pieces of legislation to overhaul student loan policy in the US.
To help defaulted student loan borrowers ease back into repayment, the Department of Education has created the Fresh Start program.