Tag: repayment options

Educate students on student loan repayment before, not after college

Posted on April 7th, 2014

"We have a serious disconnect when it comes to conversations about incurring and repaying debt." -- Karen Gross

Hechinger Report recently published a great opinion piece from Karen Gross on the ‘flawed conversation’ regarding the cost of higher education. She says that too much public focus is placed on the hard costs of college, and not enough on the repercussions of taking out student debt and alternative repayment options for students. We couldn’t agree more with her claims. […]

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Tax millionaires, not students, says Sen. Warren

Posted on March 7th, 2014

"This is real money that says America invests in those who get an education." -- Sen. Warren (D-MA)

Jennifer Lawrence might be America’s BFF, but Senator Elizabeth Warren (D-Massachusetts) is the modern college student’s best ally. Her latest student loan proposal aims put a large dent in the nation’s current $1.2 trillion student loan debt and provide relief for struggling borrowers. Student loan plan could save borrowers $1,000/year As part of the plan, current student loan borrowers […]

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Have a student loan with Sallie Mae? Be very afraid.

Posted on October 31st, 2013

Repaying your student loans shouldn’t be scary.

Unfortunately, the shady practices of some student loan servicers have got us spooked.

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How to pay back and consolidate student loans

Posted on October 24th, 2013

How do I find out how much I owe in student loans? How do I consolidate my loans? Can I lower my student loan interest rate?

This video featuring Money Magazine reporter Carolyn Bigda answers those questions and more. Watch to find out when to start repaying your student loans, what repayment options you have, and how to set up a student loan repayment schedule.

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How I paid back my student loans

Posted on October 22nd, 2013

"I took a really positive look at it. I knew that it was something I'd have to think about for the next 10-15 years of my life. Setting that reality has really helped me down the line." -- Julia of SaltMoney.org

Depending how you look at it, repaying your student loans can be a positive or a negative experience. Once Julia of SaltMoney.Org took a positive outlook and accepted her student debt as a part of her life, it became much easier to pay it off. In the video below, Julia explains how she built her student loan repayment […]

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Student loan servicers make it harder for borrowers to repay loans

Posted on October 21st, 2013

Do you ever feel like your student loan servicer is out to get you? You’re not being paranoid.

A new report has found that student loan servicers aren’t doing much to help borrowers repay their student loans. In fact, they seem to be actively trying to prevent borrowers from paying off their student debt as quickly as possible.

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What you need to know about student loan forgiveness

Posted on October 3rd, 2013

Planning on entering public service after college so you can have your student loans forgiven? It’s more complicated than you think.

Think about how often you change your mind. There’s no way to be completely certain that your plans won’t change sometime in the next four years–or in the ten years you have to commit to a public service position in order to be eligible for student loan forgiveness.

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Income-based student loan repayment plans underused by struggling borrowers

Posted on September 16th, 2013

"For federal student loans, there’s no reason why students should be defaulting...It’s unfortunate we have these good plans out there, but we just don’t do enough to help people get into them." -- Rory O’Sullivan

With outstanding student debt now topping $1.2 trillion, it’s extremely important for students to understand their repayment options and take advantage of relief programs to avoid defaulting on their student loans and hurting their credit. But according to ThinkProgress, students aren’t taking advantage of these programs. While one in eight student debtholders is in default, just three percent are enrolled in the income-based plans offered by the […]

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Millions of eligible borrowers not taking advantage of student loan forgiveness

Posted on September 6th, 2013

"We believe that people who contribute part of their talents, part of the benefits of their education, to society as a whole should not be mired in debt because they stir themselves to the calling of public service." -- Richard Cordray

Do you work in the public sector–perhaps in a school, hospital, or government office–and have student loan debt? You may qualify for student loan forgiveness and not even realize it. More than 33 million workers qualify to have their student loans forgiven because they work in public service, but too few take advantage of the […]

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Want an easy way to manage your student loans?

Posted on August 30th, 2013

When you have multiple loans from different lenders, it can be difficult to keep track of all of your monthly payments and due dates. Consolidation is an option, but it’s not right for everyone.

A new service called Tuition.io makes it easier to manage your student loan repayment and help you plan how much to spend each month. And since the service is free, you have nothing to lose–which means you can put even more money toward your loans.

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