Education Center

Resources

  • Student Loan Forgiveness Program

    Student loan forgiveness programs allow you to eliminate all or part of your student loan debt without penalties. These programs are often tied to public service. Learn how student loan forgiveness works and see if you qualify.

  • Revised Pay As You Earn Student Loan Repayment

    The Revised Pay as You Earn program extends the benefits of Pay as You Earn to all borrowers, regardless of when they took out their loans. See if this program can help you achieve the lowest payments possible on your federal student loans.

  • Should You Combine Student Loans?

    Private student debt consolidation loans allow you to combine both federal and private student loans into a single monthly payment, but you give up eligibility for federal relief programs and student loan forgiveness. Here’s what you need to know!

  • Private Student Loan Consolidation

    Private student loan consolidation can provide lower interest rates and payments on both federal and private student loans. However, there are risks to using this option for federal student loan debt. Learn the ins and outs here!

  • Student Loan Debt Consolidation

    Student loan debt consolidation allows you to roll multiple loans into a single monthly payment. It can lower your payments, but doesn’t always drop your interest rates like other forms of consolidation. Here is what you need to know!

  • Federal Student Loan Relief: Why Most Borrowers Overpay

    A study finds about half of borrowers overpay, are you one of them? Learn how federal relief programs can cut your payments so you can get out of debt fast, sometimes for less than you borrowed!

  • Federal Student Loan Repayment Plans

    Federal student loan repayment plans offer a variety of ways to restructure your student loan debt payments so they can better fit your budget and goals. Learn about the six programs and how to decide which one is right for you.

  • Income Sensitive Student Loan Repayment

    Income-sensitive repayment plans are specifically designed to help you consolidate loans from the Federal Family Education Loan (FFEL) and Stafford loan programs. Learn how this repayment plan works and how it fits in a repayment strategy.

  • Student Loan Forgiveness for Nurses

    4 secrets to ensuring you meet the qualification requirements for Public Service Loan Forgiveness (PSLF) as a nurse or medical technician. Pubic Service Loan Forgiveness (PSLF) is a government program that offers a path to federal student loan forgiveness for nurses or “public servants”. This can include nurses and other medical technicians that work in […]

  • 5 Facts about PSLF You Can’t Afford to Miss

    Public Service Loan Forgiveness is the largest and most comprehensive student loan forgiveness program, but it’s not exactly easy to qualify. Learn how PSLF works and what you need to do to ensure you’re eligible.

  • Student Loan Forgiveness for Police Officers

    Police officers and law enforcement officials employed in the public service sector may qualify for Public Service Loan Forgiveness (PSLF) for federal student loan debt. We explain what you need to do to qualify and what new regulations from the Department of Education could mean for your eligibility.

  • Student Loan Forgiveness for Firefighters

    The Public Service Loan Forgiveness (PSLF) program allows public servants like firefighters to qualify for student loan forgiveness. Learn how this program works, what you should do to qualify, and how changes from the Department of Education could affect your eligibility.

  • Using an Extended Repayment Plan for Student Loans

    An extended repayment plan allows you to extend the term on either a standard or graduated repayment plan, lowering the payment requirements so it’s easier to afford the payments on your consolidated federal student loans.

  • Understanding Total Education Loan Indebtedness

    “Total education loan indebtedness” is a technical term that the government uses when setting payments on a federal student loan repayment plan. Learn how it works and how it affects your ability to affordably repay your student loans.

  • Federal Direct Consolidation Loans: The Full Story

    If you have federal student loans under different financing programs such as Direct, FFEL and Stafford, a Federal Direct Consolidation Loan allows you to roll them into one payment, so all your debts qualify for relief and forgiveness.

  • Private Student Loan Settlement

    This option generally only works for private student loan debt that’s heavily defaulted. You settle your debts for less than the full amount owed. Each debt settled in this way creates a negative item in your credit report so the damage to your credit can be significant. Settlement requires negotiation and lender acceptance is not guaranteed so result may vary.

  • Military Loan Forgiveness

    Military service members and veterans have options for student loan forgiveness that can erase all or part of the remaining balances on your loans.

  • Student Loan Debt Statistics

    We’ve pulled together the latest statistics from around the web to help you understand where America stands with student loan debt. How does your debt stack up versus the average American and is it time to ask for help?

  • Student Loan Forgiveness for First Responders

    Learn how student loan forgiveness works for firefighters, police, EMTs, and other public servants to see if you qualify to erase your remaining debt.

  • Student Loan Debt FAQ

    We help you get on top of your student loan debt payments by answering the top questions about student loan debt, consolidation and forgiveness. Get answers to the most common questions about student loans.

  • Loan Forgiveness for Teachers

    Teachers help our kids get a leg up with a good education. Here’s how the federal government helps teachers get a leg up on student loan debt.

  • Federal vs. Private Student Loans

    When you need money for college, it can be hard to know which way to turn. We compare types of student loans so you can decide what’s right for you as you borrow money for your education.

  • Using Pay-As-You-Earn Student Loan Consolidation

    Pay as you Earn is a federal student loan repayment plan that offers the lowest payments possible. Payments are tied to your income and family size, so they’re easier to afford on a limited budget, but it only applies to certain borrowers!

  • How Income-Based Repayment Works

    See how income-based student loan repayment ties the monthly payments on your student loans to your income so you don’t have to struggle to keep up with your payments when you have a limited budget.

  • Standard Student Loan Repayment Plans

    A standard student loan repayment plan simplifies your life by rolling all your eligible federal student loans into a single monthly payment. It’s the fastest and most cost-effective method to pay off federal student loan debt.

  • Graduated Student Loan Repayment Plans

    A graduated repayment plan is another type of federal relief option designed to help you get out of student loan debt fast. It allows you to accelerate repayment as you advance in your career. Learn how it works!

  • Are Student Loans Forgiven in Bankruptcy?

    If you have to abandon ship and declare bankruptcy, be aware that you could still find yourself shackled to the burden of your student loan debt, unless you can prove you’re in a situation of extreme financial hardship

  • If I Drop Classes, Will It Affect My Student Loan Payments?

    Learn how dropped classes could start the clock on your federal student loan debt payments if you fall below a certain number of hours. It’s crucial to stay above half-time enrollment unless you want your loan payments to start soon.

  • Why Student Loans Are Good

    As many problems as there are with student debt, there can be a good side to these loans as long as you maintain control of the debt. Learn why student loan debt is considered “good” debt and how it can benefit you.

  • What Happens If I Can’t Pay My Student Loans?

    If you don’t have money available to make your student loan payments, it doesn’t necessarily mean you’re headed for default. We explain how to avoid default and what you can do to keep your loans current until you can afford to pay.

  • A Simple Snapshot Of Student Loan Interest

    Student loan interest works a little differently than other types of debt. Learn how rates are set for both federal and private student loans and how you can lower your rates if you want to pay off your student loans faster.

  • How Income-Contingent Repayment (ICR) Plans Work

    Income contingent repayment is a federal student loan repayment plan that ties the monthly payment amount to your adjusted gross income and family size, making it easier to afford the payments on your student loans.