How 401(k) and 457 Retirement Plan Contributions Lower Student Loan Payments

Without question, my favorite student loan hack is putting money in a retirement account so that you can get lower student loan payments. For borrowers on income-driven repayment plans, monthly

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Interest Charges on Deferments and Forbearances

Interest charges on deferments and forbearances are often unnecessarily confusing. Many lenders and loan servicers are guilty of making it look like a payment pause is interest-free when the borrower’s

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Republicans Make Deeply Flawed Argument Against Loan Forgiveness

Last week four Republican lawmakers sent President Biden a letter explaining their opposition to any student loan forgiveness or cancellation for all. The letter itself is insignificant. It is typical

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The Co-Signer Release Myth Exposed by Consumer Financial Protection Bureau

When you sign up for student loans, many lenders will encourage you to have your parents co-sign the loan. For some borrowers, it is the only way to get a

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Is the Estimated Cost of Attendance an Accurate Number?

A school’s Cost of Attendance (COA) serves two essential functions. For prospective students, the COA is the number used to compare the prices of different schools. The COA includes the

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Does Deferment or Forbearance Time Count for Student Loan Forgiveness?

Federal student loans have excellent perks like Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) Forgiveness. Borrowers who work for an eligible employer can have their student debt forgiven

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REPAYE for Married Couples

The Revised Pay As You Earn Plan, nicknamed the REPAYE plan, is a bit of a mixed bag for married couples. For some, it is a considerable benefit, potentially saving

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NaviRefi Review: Student Loan Refinancing with Navient

On the surface, NaviRefi is just another student loan refinance lender. They offer competitive rates and the opportunity for many borrowers to save money on their student loans. Yet, the

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Should I Pay Extra on My Income-Driven Repayment (IDR) Plan?

Paying extra on your student loans is typically the responsible decision. Larger-than-required payments save money on interest and eliminate student debt faster. Unfortunately, paying extra isn’t always the best option

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Why Did My Federal Student Loan Balance Drop to Zero?

If your federal student loan balance mysteriously dropped to a $0 balance, it might seem like a dream come true. Was there student loan forgiveness or cancellation? Did someone else

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