Understanding the Benefits of Using an Income-Driven Repayment Plan Calculator
Understanding the Benefits of Using an Income-Driven Repayment Plan Calculator Introduction: With student loan debt being a significant financial burden, especially for recent graduates, income-driven repayment plans offer a solution for those struggling to make monthly payments. To calculate the monthly payment, the income-driven repayment plan uses income, family size, and other factors. The income-driven […]
PSLF vs Teachers Loan Forgiveness
PSLF vs Teachers Loan Forgiveness : What You Need to Know Pursuing a career in education is one of the noblest professions out there. Unfortunately, it’s not always financially rewarding, and teachers often find themselves burdened with student loan debt. Luckily, there are two federal loan forgiveness programs available for teachers: Public Service Loan Forgiveness […]
Simplified TPD Discharge: Faster Cancellation
Simplified TPD Discharge: Faster Cancellation Thousands of student borrowers have been able to cancel their debt through the federal Disability Discharger program. If you are permanently unable to work, you may qualify to have your student loans cancelled. Adjusting to life after an accident or chronic illness is difficult, especially if it interferes with your […]
IDR One Time Adjustment Will Lead to Loan Forgiveness
IDR One Time Adjustment Will Lead to Loan Forgiveness The Biden administration announced the IDR Account Adjustment last year, a one-time fix that will allow the Education Department to give retroactive credit toward student loan forgiveness under Income Driven Repayment (IDR) plans. Even if they have been repaying their student loans according to a different […]
Student Loan Servicer Errors: How to Fix & Avoid (5M in 1 year!)
Student Loan Servicer Errors: How to Fix & Avoid (5M in 1 year!) Student loan borrowers have long been subject to a number of challenges when it comes to managing their loans, but one issue that has particularly impacted many borrowers in recent years is the problem of servicer transfers. When a loan servicer changes, […]