What To Do When You Take Out Loans But You Dropped Out Of School

Many Americans fall into this camp of individuals who took out loans but for one reason or another had to stop going to school. Maybe they got sick, had to drop out to take care of a family member, or perhaps their current education path was not for them. Whatever [...]

By |2017-10-31T10:08:51-08:00October 31st, 2017|Academics|Comments Off on What To Do When You Take Out Loans But You Dropped Out Of School

How An Inheritance Or A Large Gift Can Affect Your Student Loan Payments

In comparison to private loans, federal loans have the added benefit of having different repayment plan options. If you are on an income-driven repayment plan, the payments are based on your discretionary income. Naturally, if something changes financially, this could affect how much you are paying every month. In this [...]

By |2017-10-17T09:14:02-08:00October 17th, 2017|Academics|Comments Off on How An Inheritance Or A Large Gift Can Affect Your Student Loan Payments

Defining Student Loan Forgiveness And If It Is Taxable

A common borrower question is if they are in a student loan forgiveness program will they be taxed. The tricky part of this question is determining what the borrower means by “student loan forgiveness.” There are a lot of different programs out there that fit underneath this umbrella term. Here [...]

By |2017-09-12T14:53:22-08:00September 12th, 2017|Academics|Comments Off on Defining Student Loan Forgiveness And If It Is Taxable

Is It Possible To Have A $0 Payment With Income-Driven Repayment Plans?

I know, it sounds crazy. But believe it or not, it is possible to have an income-driven repayment plan that offers a $0 monthly payment. But there are certain factors that need to align for you to achieve this. Let’s first take a look at the different income-driven plans currently [...]

By |2017-09-07T11:52:45-08:00September 7th, 2017|Academics|Comments Off on Is It Possible To Have A $0 Payment With Income-Driven Repayment Plans?

Title

Go to Top