Income-Based Repayment: Ultimate Guide

Introduced in 2009, the Income-Based Repayment (IBR) plan adjusts your student loan payments to 10% or 15% of your discretionary income, depending on when you borrowed. If you’re not bringing in any income, your payment could be as low as $0 per month on IBR (score!). Read on to learn exactly how the IBR plan […]

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Revised Pay As You Earn: Easy Guide

Introduced in 2015, the Revised Pay As You Earn plan was designed to make its predecessor, the Pay As You Earn plan, accessible to more borrowers. Anyone can apply for the Revised Pay As You Earn repayment plan (except for parent borrowers). It usually doesn’t matter when you borrowed or what your income is — […]

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Pay As You Earn: What You Need to Know

Introduced in 2012, Pay As You Earn is one of four income-driven repayment plans for student loans that can lower your monthly payments. In fact, it caps payments at 10% of your discretionary income while extending your terms to 20 years. If you still have a balance after this time, it will be forgiven. But […]

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Revised Pay As You Earn vs. Pay As You Earn: Which Is Better?

Pay As You Earn, along with its newer cousin Revised Pay As You Earn, is an income-driven repayment plan for student loans that adjusts your payment to 10% of your discretionary income. While both PAYE and REPAYE can help you get relief on your student loans, each works a little differently. Read on for a […]

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How to Change Your Student Loan Servicer

If you’ve had a bad experience with your loan servicer, you might be wondering how to change student loan servicers. Fortunately, there are a few ways to switch student loan servicers if you’re eager for a new entity to handle your student loans. Here’s how. How to change student loan servicers Consolidate your student loans […]

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What Is a Grace Period (When Referring to Student Loans)?

When referring to student loans, what is a grace period? Well, a grace period is a time when you don’t have to make payments on your student loans. It typically lasts the whole time you’re enrolled in school and for six months afterward. Let’s take a closer look at the grace period for student loans […]

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How to Start Paying Off $50,000 in Student Loans the Right Way

If you’re paying off $50,000 in student loans or more, managing your debt might feel overwhelming or downright impossible. Fortunately, there are ways to pay off $50,000 in student loans without losing your mind. These strategies might even help you get out of debt ahead of schedule. Do the math on paying off $50,000 in […]

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How to Refinance Parent PLUS Loans in 4 Steps

A parent PLUS loan can be a useful tool for helping your child pay for college, but it can also be tough to pay back. This federal loan for parents currently comes with a 7.08% interest rate — and your rate might be even higher if you borrowed a few years ago. Fortunately, it is […]

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15 Fabulous Cash Back Apps in 2020

Hey, savvy shoppers! If you’re looking for cash back apps that refund your money every time you shop online, you’ve come to the right place. These cash back apps partner with thousands of stores to bring you savings on your online (and sometimes offline) purchases. From apps that reward you for shopping to ones that […]

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