Posted July 6, 2009 - 14:01 by Xin Lu
This month a new repayment plan for federal student loans is going into effect that allows borrowers to base their monthly payments on their income after graduation. Here are some details on how the new Income Based Repayment Plan (IBR) affects loan payments for graduates, and some pros and cons of participating in the plan.
Posted January 2, 2008 - 16:04 by Sarah Winfrey
It's getting to be that kind of year again--the time when you anticipate filling out your tax returns, sighing with relief, and then realizing that you're not finished with forms yet. If you're a student looking at loans, there's at least one more to go, the dreaded FAFSA. Up until a few years ago, I approached the FAFSA with some trepidation. It wasn't the form itself--that wasn't bad at all. The problem came when I thought about taking out even more money than I already had to finance my education. Was it really worth it? Would I ever be able to pay them back? Was I getting myself further and further into debt needlessly and uselessly?
Posted November 12, 2007 - 18:21 by Andrea Dickson
Do you find it as difficult to talk to friends about money as I do? If you had friends that you believed were about to go into bankruptcy, would you do anything to try and stop them? Is it worth risking a friendship to discuss delicate matters like money?
Posted July 25, 2007 - 17:49 by Julie Rains
Is your student-loan debt causing stress, influencing you to make financial decisions that are not necessarily in your best long-term interests, and delaying your entry into what your parents may perceive as adulthood? If so, you aren’t alone. Having earned my bachelor’s degree with no student-loan debt (thanks to the extremely low tuition of my public university and my parent’s generosity) and before graduate school became a near necessity to landing a good job way back in the 80s (perhaps about the time your parents graduated), I had an inkling that things have changed since then. Apparently, they have.Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.
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