federal student loanshuman capitalrepayment plansstudent loan debtThe purpose of this study was to explain the federal student loan repayment process. Individuals with a college degree earn more over their lifetime than those without a college degree. However, the price of a college education has ...
Unlike private student loans, federal direct student loans don’t require credit history or a co-signer. They also offer flexible repayment options and borrower protections to prevent default. Federal loans are the only way to access loan forgiveness programs like Public Service Loan Forgiv...
Finding an extended repayment plan that works with your budget is great, but what if you can’t make loan payments due to unemployment or other unforeseen circumstances? If you have federal student loans, you may be able to defer the payments under certain circumstances, such as economic hardsh...
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In December 2012 the DOE announced that borrowers with Federal Student Loans may now be able to take advantage of a new repayment plan that could lower their monthly federal student loan payments. The plan, known as Pay As You Earn, caps monthly payments for many recent graduates at an amoun...
Federal student loans are the best option for most borrowers. They’re easy to qualify for and offer a range of repayment options. However, private student loans are a good choice for students who have reached the federal student loan borrowing limit or who don’t...
You may get a lower rate when you refinance federal student loans with a private lender, but you also lose federal benefits, like income-based repayment. Learn if refinancing makes sense for you.
Private student loans allow you to choose your lender, though they may bring higher interest rates. Federal student loans offer limited loan options, but generally have lower rates and multiple repayment plans. A federal student loan is money you can borrow from the federal government ...
If you’ve reached your federal student loan limit, private loans can fill the gap. Check out our guide to the best private student loans to learn more about your options. How do you repay federal student loans? Federal student loan borrowers can choose from multiple repayment plans, including...
Federal loans generally offer lower interest rates, more flexible repayment plans, and borrower protections compared to private loans. Below, we’ll cover everything you need to know about how student loans work, including: How student loan interest and repayment work The difference between federal ...