We’d keep it to 35 words if we could,Bayo but student loans aren’t that simple.
So we’ll aim for 350 instead, boiling it down to the four main options for dealing with student debt. And since there’s no one-size-fits-all solution, we call out who will benefit most from each approach. Which best matches you?
(For public service workers.)
Certain lucky humans, including government and nonprofit employees, qualify for federal loan forgiveness after they make payments for a certain amount of time. You can also get forgiveness if you pay on an income-driven repayment plan for 20 or 25 years.
(For people struggling to make ends meet.)
When you’re living paycheck to paycheck or somewhere close to that, these federal repayment plans can be a godsend. They cap your monthly payment at a percentage of your income and sometimes offer loan forgiveness. In return, you pay more interest than you otherwise would.
(For basic borrowers.)
It may be the least flashy option, but it’s also the easiest. The standard 10-year repayment plan is your best choice if you have federal loans and don’t qualify for forgiveness. You’ll pay less in interest than you would on an income-driven plan.
(For people with stellar credit scores.)
You have nothing to lose by refinancing if you have private loans. If you have federal loans, triple-check that the forgiveness or repayment paths aren’t for you, because you’ll lose those options when you refinance. To qualify for refinancing, you typically need a high credit score and more than an entry-level salary.
That’s as concise as we could get without resorting to emojis. To dive deeper, check out NerdWallet’s guide to getting out of student loan debt.
Previous：You Are Not a Rebel
Stranger than Fiction
The Many Poses of Marcel Marceau
WhatsApp now lets you share photos in HD
How to create a private session on Spotify
Fear of a Black Universe
'Quordle' today: See each 'Quordle' answer and hints for August 17, 2023
The Morning News Roundup for July 9, 2014
Book clubs should always meet on Zoom
New Atheism’s Idiot Heirs
Philosophy of the World
General McMaster and the Miniskirts
See the Patents for the First Successful Typewriter
Wordle today: Here's the answer and hints for August 18
The Morning News Roundup for July 4, 2014
The Lying Game
WhatsApp now lets you share photos in HD
Best air conditioner deals: Save on Black+Decker, Frigidaire, more
See the Patents for the First Successful Typewriter
The Garbage Man
Happy Birthday, Czesław Miłosz!
USA Gymnastics board members resign amid sexual assault scandalElon Musk's new Tesla compensation plan is based on his performanceSpace startup Rocket Lab successfully sent a rocket to orbitTim Cook and Malala Yousafzai team up to fight for girls' educationOscars forgot these excellent 2017 performancesMorgan Freeman had 1 very blunt comment about his SAG Award statue'This is Us' drops a huge clue about Jack's deathHomeowners everywhere are listing their properties for bitcoinRupert Murdoch wants Facebook to pay publishers, which is adorableIkea wants you to try a Swedish sleep trend that could save your relationshipNew 512GB microSD memory card will make you go powerWhy a new rule could explain why 'The Boss Baby' got an Oscar nomPikachu in a business suit takes a tumble at public appearanceWhat to do when someone you love has terrible internet tasteKFC wings now come in a DIY drone box because 2018Xbox Game Pass now gives access to Xbox exclusives on launch dayNew cryptocurrencyPepper Robot gets fired from supermarket job helping customersTwo college kids aced a class with a song from 'Spongebob Squarepants'It looks like audiobooks are finally coming to the Google Play store American Sounds: The Old, Weird Days of National Public Radio Skiffle Craze: An Interview with Billy Bragg Straightening out ‘Ulysses’: A Translator’s Notes Staff Picks: Paleoart, Mark Twain, Writers’ Workspaces, and More The Zombie McMansion: Risen from the Dead to Claim Your Soul Daily Cartoon: 1439, Movable Type best audiobook eva?: Lorin Stein Answers Your Questions Satellites Are Spinning: Notes on a Sun Ra Poem Staff Picks: David Grossman, Donald Barthelme, Derren Brown, and More What Do Kids Want from Children’s Poetry? It Was a Year of Pirates: Read Joe Scarborough’s Favorite Poem What an Abolitionist’s Letters Can Teach Us About Our Political Moment Sam Shepard, 1943–2017 James Tate Blows It In New York How John King’s String Quartet Fuses Western and Arabic Music When Video Games Were Playable Stories The Bookness of Not Meeting Sam Shepard at a Friend’s House on Eighth Avenue A Note from Our Editor Solomon D. Butcher’s Photographs Celebrate the Pioneer
2.4831s , 10106.5078125 kb
Copyright © 2025 Powered by 【Bayo】,Unobstructed Information Network