Chris Snellgrove is an English professor who loves to help students save money. When he’s not reading, writing, or grading, you can catch him getting lost in the finest movies, comics, and video games.
How do I Apply for Income-Driven Student Loan Repayment?
Are your monthly student loan payments too much for you? Or have you recently enrolled in a loan forgiveness program? In these cases, you might be interested in an Income-Driven Repayment (IDR) plan for your federal student loans. But you do need to apply for an income-based repayment plan and recertify every year.
Why Did I Get Denied for a Student Loan Refinance?
For many people with high-interest private student loans, refinancing is a good option to save money. This lets borrowers find new loan terms and lenders that can help them get their private loan debt back under control. But you can be denied for student loan refinancing.
Pros and Cons of Federal Student Loan Consolidation
Student loan consolidation is one option to condense multiple federal loans (which may have multiple interest rates) into a single loan. Doing so has a number of pros and cons, and it’s important to understand them all before you make your decision.