Welcome to my July 2018 student loan debt progress! If you are new here, every month, I post the progress I’ve made on paying off my student loans. I do this to hold myself accountable and to share my debt progress with others who are also facing debt payments of their own. Debt paid this month: $13,000 Debt remaining: $98,004 Check out my debt progress so far from the very beginning here. FYI: I am on the REPAYE program which…
I love my loan repayment plan. Not many people can say that but not many people can also say that they are able to make $0 monthly payments with interest rates cut in half. I can and that is why I love the REPAYE plan that almost everyone with federal loans is eligible for. REPAYE stands for Revised Pay as You Earn. It is an income-based repayment program offered for those with federal loans. It is the newer, more inclusive…
One of the first questions that students are faced with after graduating with student debt is “Should I refinance?” So what are the pros and cons of a private loan versus federal loan? And which one did I choose and why? In this post, I will go through my experiences with different repayment plans and my journey of how I came to choose the repayment plan that was right for me. Private Loan The biggest perk of refinancing to a private…