Tag: student loan repayment


Stay healthy, millennials. Retirement’s a long way away.

Posted on November 4th, 2013

"The challenge of college debt is unique to millennials. The decline of pension plans, the uncertainty surrounding social security and the college debt epidemic have placed the onus on graduates to make conscious, forward-thinking decisions about their retirement." -- NerdWallet

Millennials: have the stresses of work life got you looking forward to retiring on a beach somewhere? You’re going to be waiting a while. How student loans affect retirement A new report from financial website NerdWallet says student loan debt could push the average retirement age to 73. That’s 12 years later than the current […]

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4 things to know about repaying your student loans

Posted on November 1st, 2013

If you graduated in May, November means the end of your six-month grace period on your subsidized Direct Subsidized and Unsubsidized student loans.

Watch the video below to find out to expect during repayment, and check out the top 4 things to know about repaying your student loans.

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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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Crowdfunding for college graduates’ dreams

Posted on October 2nd, 2013

Cinderella never had to worry about student loans. And she got to live in a castle and had her own room. She might have had to work for her room and board, but her situation sounds pretty great compared to the typical college student’s cramped living quarters.

And even if Cinderella had gone to college, she had a fairy godmother to step in and wipe away her student loans.

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Top 3 student loan myths

Posted on September 20th, 2013

Should you pay down your student debt slowly to receive tax breaks for more years? Can you file for bankruptcy if you can’t pay your student loans?

This informative video will help clear up some of your confusion about student loans.

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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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