CliffsNotes Graduation Debt is getting an update to reflect changes to both federal and private student loan repayment since 2010. On November 5th the new edition will go on sale digitally. Preorder today.
Repaying private student loans can be confusing. Most of what you hear in the news applies to federal student loans. So where can private loan borrowers get information on repayment? From their lenders.
Since private student loans are essentially bank loans, it’s up to the lender you borrowed the money from to set rules for loan length, payment amount, and interest rates.
If you’re a recent grad, you’re probably dreading when you have to start repaying your federal student loans as much as if you were going to the dentist to get your wisdom teeth pulled. But student loan repayment is a lot less painful, and you’ll never require anesthesia. The reason why is because you have options for both getting payment breaks and making your payments more affordable.
The main way people get in trouble with student loans is by ignoring them and ending up in default. If you’re a new grad, take control of your student loan debt before your first payment is due with these steps.
Hello, everyone. Thanks so much for reading my articles and books over the years. Wise Bread has kindly asked me to write a weekly column on student loans. I’ll post links to each column as it comes out. Remember, you can always ask me questions on twitter @reynagobel.