7 Student Loan Repayment Options You Must See

7 Student Loan Repayment Options You Must See https://youtu.be/znW1wdgxdao Americans owe almost $1.6 trillion in student loans and most don’t know their student loan repayment options. If you have student loan debt, knowing the different loan payment options can save you thousands of dollars and even get some of your student loans forgiven. That’s why I’m teaming up with Splash Financial to outline the seven student loan repayment options. Besides detailing ways the government allows you to repay your loans, we’ll look at real life examples of how much your payment will be and how much each option costs in interest. We’ll also talk about the eight option, student loan refinancing, and how to determine if it’s right for your situation. Check your rate now to see how much a student loan consolidation can save you. http://bit.ly/2W8Yj9v I have to say, I got lucky with my student loans. When I graduated in 2003, student loan rates were under 3% which meant payments were pretty easy. For those graduating after mean with student loan debt, you’re in no such luck. Student loan rates are creeping higher and monthly payments on average debt are already tough to manage. Most graduates just choose the standard loan repayment plan when they start repaying their loans and it makes it impossible to manage their finances. Fortunately the government has created other repayment options including income based repayment and pay as you earn options to put your loan repayment within reach. I’m detailing each of these student loan help programs and comparing them side-by-side to show you which one to choose. We’ll work through different scenarios where it would be better to choose each of the loan options. I’ll also show you three questions you absolutely must ask before choosing a repayment plan and paying back student loans. SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. http://bit.ly/2Lt2cxt Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. Let's Talk Money! with Joseph Hogue, CFA