It’s no secret that student loans are a hot topic in the United States nowadays. They are mentioned in the news, both in a positive and negative light, almost every day. With all of this news circulating around, it’s natural to become curious about the numbers behind student loan debt. This page takes a look […]
Student loans are designed to provide funding for your education. There are loans available from both the federal government and from private lenders. Interest rates are also standardized on federal loans while they vary from lender to lender for private loans.
If you cannot repay your student loans, you have five options to consider. You can change your repayment plan, consolidate or refinance, defer payments, put loans into forbearance, or try to discharge or settle your debt.
Many employers offer student loan repayment assistance. When employers provide this assistance, their contributions are generally taxable. These contributions can be helpful, but don't neglect other goals, like retirement contributions, to get them.