The variance in the types of student loan repayment plans are designed to meet the borrowers needs. Choosing the right repayment plan is crucial, and can help smooth the repayment process. The chart below allows you to examine some of the payment plans available to...
Defaulting on your student loans can lead to tax refund offsets, wage garnishments, and your federal benefits can be taken away. According to the U.S Department of Education, $14,014 is the average amount in default per borrower. Being proactive and staying up to date...
Waiting till the last minute to find out who your federal student loan servicer is can be detrimental to your financial situation. The infograph below outlines what your servicer can do for you and how to find your servicer if you do not already know.
Many students who are repaying their Federal loans aren’t aware of available income-driven repayment plans. These plans are based on the borrower’s discretionary income, making repayment obligations more affordable with lower monthly payments. There are...
The Global Financial Literacy Excellence Center, which is affiliated with The George Washington School of Business, recently featured a new report, The Economic Importance of Financial Literacy. Based on research conducted from 13 countries which measured people’s...
In line with the Education Data Initiative, the U.S. Department of Education has made changes to the National Student Loan Data System (NSLDS). With these changes, NSLDS added the MyStudentData Download feature, which allows you to download a text file of your loan...
