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Change is on the horizon for many borrowers in repayment on their federal student loans.  Here are some helpful tips to help you prepare for the federal loan servicer changes.

Topics: Student Loan Repayment, refinancing, News, Money Management, student loans

Student loan forgiveness has certainly had no shortage of attention in the news given the pandemic and several legislative proposals. But what we know to date is that the Department of Education has issued the Public Service Loan Forgiveness Limited Waiver Opportunity, effective October 6, 2021.

Topics: Student Loan Repayment, student loans

 

Topics: Financial Education for Students, Student Loan Repayment, refinancing

Sounds like a crazy theory, right? I bet your thinking “If I had the money, I wouldn’t have needed a loan!” Well, let’s break it down a bit and it may not be that crazy after all. Just paying back a little could make a big difference.

Topics: Student Loan Repayment, student loans

Yes, refinancing student loans can save you money.  “Can” being the operative word.  Several factors can make refinancing great for some folks and not the best solution for others.  Refinancing student loans can accomplish different goals for different people and in some cases more than one goal can be achieved depending on the individual circumstances.  We have outlined three common goals our customers have conveyed.

Topics: Student Loan Repayment, refinancing, Money Management

Student loan refinancing is a hot topic in the news these days. Legislators are making proposals to bring refinancing in at the Department of Education, and a day doesn't go by without some big headline about soaring student debt levels. But is refinancing a good idea for everyone? That is a definitive no.

So when does it make sense to do? Here are 5 reasons you may want to consider refinancing your student loans. 

Topics: Student Loan Repayment, refinancing

The Rhode Island Student Loan Authority (RISLA) announced today that it has suspended repayment of college loans for federal employees currently not being paid, including military personnel, throughout the duration of the government shutdown.

Topics: Student Loan Repayment

It happens to all of us who borrowed for college: notifications from lenders that your student loan payments will soon be due. It's time to craft a plan of attack. 

Topics: Student Loan Repayment, refinancing

If you are a cash-strapped graduate or parent, you can see the obvious temptation of getting on an income-driven repayment plan. There are certainly benefits to taking this strategy, but also some reasons why you should think twice. Below, we have outlined the biggest pros and cons of signing up for an income-driven repayment plan on your student loans. 

Topics: Student Loan Repayment, refinancing

Paying off your student loan debt can be a daunting task. Are you stressed about how you're going to make your monthly payments in addition to other bills and responsibilities? Take a look at our student loan repayment strategies infographic and see what may work best for you and your budget. Keep in mind that not every strategy will apply to everyone, but each option is worth looking into!

Topics: Student Loan Repayment, refinancing