On October 27th, the Department of Education revised the rules of the Pay As You Earn program (PAYE) in an effort to ease the burden of student loan payments on borrowers. The new rules established the Revised Pay As You Earn Plan (REPAYE), and it just became available to borrowers effective December 17th. Here’s the […]

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If you’re struggling to pay your student loans each month, one of the worst things you can do is to do nothing at all. Student loans won’t go away and federal loans have no statute of limitations, so they will inevitably catch up to you. It’s best to be proactive and request a deferment or forbearance […]

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If you know anything about loans it’s that they come with interest, but do you know how interest works? Do you know when it starts accruing and how often it does? Most people don’t, so there’s no shame in your game unless you’re a finance, econ or accounting major (this group should totally be in […]

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For those that are struggling with student loans, Pay As You Earn can be life-changing. Currently, this repayment plan is helping borrowers who started borrowing after October 2007 and were still borrowing as of October 2011. The plan doesn’t apply to a wide swath of borrowers and due to lack of awareness, many aren’t taking […]

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With student loan balances averaging more than $29,000 for recent grads and unemployment and underemployment continuing to plague many, some find that their loan payments are unmanageable. The good news is that two newer repayment plan options – Income Based Repayment and Pay As You Earn – are making life oh-so-much better for cash-strapped borrowers.

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Colleges are getting aggressive over Perkins Loans – a type of federal student loan that is administered by the schools themselves. While Pell Grants and subsidized student loans go to those with financial need, Perkins Loans go to those with “exceptional” financial need – meaning they help fund the college education of the poorest students. […]

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Our men and women in uniform protect us every day from threats outside of our country and inside.They serve in times of natural disaster to restore order, deliver supplies and provide access to necessities. And they do this not only in America but abroad as well. It seems that the least we can do is […]

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We wrote yesterday about Common Student Loan Missteps and mentioned that one of the pitfalls can be a lack of understanding about your student loans. One of the things that can help you get a grip on your debt is understanding the numbers. Student loans are all about principal and interest which is just math. […]

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Did you know you can deduct up to $2,500 per year in student loan interest from your taxes? If you are paying back student loans and not taking this deduction, you are giving money away! If you’re single you should definitely be taking advantage of the student loan tax deduction. If you have student loans […]

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