When Income Driven Repayment is the Option for You and Why

When Income Driven Repayment is the Option for You and Why

  I remember the months leading up to Monica starting dental school like it was just a few weeks ago. We had textbooks to buy, an apartment to lease, car payments to make, and a class schedule to adjust to. One thing we didn’t have – the money to pay for it all. So when we started looking at the various options and terms surrounding student loans (i.e. federal loans, university loans, private loans, fixed rates, loan forgiveness, income driven repayment, etc.) my head started spinning and I wept for our negative net worth and the mountain of debt we began incurring.   At that point, we had no idea what a ‘reasonable’ interest rate was, the perils or benefits of refinancing our original loans, or how long and to what amplitude these loans would impact our lives.   To say we were overwhelmed was the understatement of the century.  […]

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When Student Loan Refinancing Is Your Best Option – and Why

  Travis from Student Loan Planner is with us today to let us know 5 points in life when student loan refinancing may be your best option.   (Photo courtesy of Al Emmert)     Like many people in the U.S., you might have student loan debt from your time in college. After graduating with the degree of your choice, it’s time to repay your loans and it can be overwhelming.   I can’t blame you for feeling this way — I’ve been in your shoes. It’s not easy to know the right approach to paying off your student loans, and you might not even know you have options beyond a standard repayment plan.   If you’re like Jon and Heather, who have a plan to pay off student loan debt quickly, that’s great! They have an amazing story and were able to knock out tons of student loan debt in a […]

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