Understanding federal student loan repayment plans is critical for any borrower. If you recently graduated or left school, you may wonder, “Which repayment plan will I be placed on automatically unless I change it by contacting my servicer?” This guide explains everything you need to know about automatic placement, the pros and cons of the … Read more
If you are a student loan borrower, it’s critical to check your knowledge what percentage of your gross salary does the Consumer Financial Protection Bureau suggest your student loan payment be in order to be affordable and limit your risk of delinquency and default? Understanding this guideline can help you make informed repayment decisions, avoid unnecessary … Read more
When it comes to borrowing money, whether it’s a student loan, mortgage, or personal loan, understanding what increases your total loan balance is crucial. Many borrowers focus only on the monthly payments, without realizing that certain actions—or inactions—can make their debt grow faster than expected. In this guide, we’ll break down all the factors that … Read more