As discussed in a previous blog post, federal student loans are eligible for a number of income-driven repayment plans. These plans can lower initial payments, ease the burden of interest, and even forgive all outstanding debt after a certain period of time. The four income-driven plans that most federal student loans qualify for are the …
Student loan debt is quickly becoming the fastest-growing epidemic in American economics. The national student loan debt totals $1.3 trillion, grows at a rate of $3,000 per second, and shows no signs of slowing. Student loans are unwieldy, issued at interest rates that should be confined to Orwellian satire, and are one of the only …
Following the 2008 housing market crash, many Americans are wary of any loan collateralized against their homes. While this is an understandable concern for some, many Americans would actually benefit from acquiring a Home Equity Line of Credit for use in times of financial need. Providing a quick, relatively large cash pool, HELOCs tend to …