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What's a Stafford Loan? Why is the FAFSA important? Learn the basics about student loans and repayment options by searching for your answer.
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Income-based repayment (IBR) is a program that allows you to limit the amount you must repay each month based on your income. You get a lower payment with IBR if your federal student loan debt is high relative to your ...
Loan consolidation can be used to simplify monthly payments by rolling multiple loans into one. While you generally won’t get an interest rate break, you will have a single monthly payment for your new federal direct consolidation loan. Consolidation loans ...
You may be able to enroll in a payment plan that sets your monthly payment based on your income. This is one of the best options to staying on the road of repayment for federal loan borrowers. For most borrowers, ...
Graduated repayment is a way to repay your student loans that works for those who expect their incomes to rise over time. In graduated repayment, payments start off low and increase every two years. You can contact your loan servicer ...
Yes. If you’re worried you won’t be able to make payments, you may qualify for a deferment or forbearance. You may also be eligible for a monthly payment as low as $0 through the Income Based Repayment (IBR) program. Contact ...
The Public Service Loan Forgiveness Program was created to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, you may qualify for forgiveness of your eligible federal student loans if you are a ...
If you are behind on your federal student loan payments and debt collectors are contacting you, consolidation may have some advantages. You will be able to get out of default quicker than through rehabilitation, and if you cannot afford to ...
