레이블이 Student Loan Forgiveness인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Student Loan Forgiveness인 게시물을 표시합니다. 모든 게시물 표시

2013년 11월 24일 일요일

About 'repaying a student loan'|Repaying Your Student Loans - What Are Your Options







About 'repaying a student loan'|Repaying Your Student Loans - What Are Your Options








               It               looks               like               the               Obama               Administration               has               been               listening               all               along               to               the               demands               of               the               Occupy               Wall               Street               Movement               .

At               least               those               demands               which               the               younger               99%               were               pushing               for               --               Total               Student               Loan               Forgiveness.

Because,               Wednesday,               October               25,               the               White               House               released               details               of               a               loan               forgiveness               plan.

Read               the               Press               Release.
               Total               Elimination               of               Student               Loans
               Now,               the               Occupy               movement               and               other               groups               have               been               noisily               pushing               for               total               student               loan               forgiveness,               saying               that               this               could               be               a               way               to               stimulate               the               ailing               US               economy.
               They               claim               that               after               the               government               helps               these               young               borrowers               pay               off               their               loans,               a               massive               amount               of               money               would               be               retained               in               the               wallets               of               younger               people               who               constitute               a               rising               percentage               of               Americans               trying               desperately               to               land               jobs,               pay               rent,               car               loans               and               mortgages               and               buy               gas,               food,               clothing               and               other               basics               needs.
               This               all               looks               too               easy               but               no               one               is               sure               about               the               exact               details               on               how               a               total               loan               forgiveness               plan               would               actually               and               directly               benefit               the               economy.

It               will               nevetheless               be               a               welcome               relief               for               college               graduates               who               have               yet               to               find               decent               work               and               small               businesses               which               they               would               patronize.

And               of               course               most               of               the               99%               benefits               with               more               people               passing               more               money               and               with               the               money               actually               passing               more               hands               every               month.
               Graduates:               Pay               As               You               Earn
               Although,               the               President's               plan               is               not               really               total               forgiveness,               but               he               announced               that               their               intentions               were               obviously               to               help               students               have               an               easier               time               repaying               their               Federal               Student               Loans.

To               do               that,               the               Obama               Administration               is               proposing               a               modified               "Pay               As               You               Earn"               method               which               will               improve               on               the               current               income-based               repayment               plan               and               to               make               it               available               as               early               as               next               year.
               Under               this               plan,               the               Press               Release               from               the               Office               of               the               Press               Secretary               explained               it               this               way,               Example:               "a               teacher               earning               $30,000               a               year               and               has               $25,000               in               Federal               student               loans.

Under               the               standard               repayment               plan,               this               borrower's               monthly               repayment               amount               is               $287.

The               currently               available               Income-based               Repayment               Plan               would               reduce               this               borrower's               payment               to               $171.

Under               the               improved               'Pay               As               You               Earn'               plan,               his               monthly               payment               amount               would               be               even               more               manageable               at               only               $114.

And,               if               this               borrower               is               to               remain               employed               as               a               teacher               or               in               a               public               service               occupation,               he               would               be               eligible               for               forgiveness               under               the               Public               Service               Loan               Forgiveness               Program               after               only               10               years               of               payments."
               This               will               give               the               current               administration               brownie               points               especially               among               the               young               who               may               have               started               to               give               up               on               President               Obama.



               Loan               Consolidation
               And               aside               from               capping               the               maximum               monthly               loan               payments,               the               plan               also               provides               for               a               special               consolidation               initiative               so               that               borrowers               would               only               have               to               make               a               single               monthly               payment               (as               opposed               to               two               or               more               payments               per               month).
               For               a               limited-time,               borrowers               can               take               advantage               of               a               special               consolidation               option               which               would               allow               for               up               to               a               0.5               %               reduction               on               their               loan's               interest               rate               (0.25               %               interest               rate               reduction               on               their               consolidated               FFEL               loans               and               0.25               %               interest               rate               reduction               on               the               entire               consolidated               FFEL               and               DL               balance.
               Know               Before               You               Owe
               Lastly,               this               New               Obama               Plan               initiated               a               new               "Know               Before               You               Owe"               project               which               allows               for               a               Disclosure               Form               which               colleges               and               universities               would               use               to               guide               students               in               understanding               what               kind               of               aid               they               are               qualified               and               for               which               they               would               be               applying               for.
               The               plan               is               for               students               to               be               better               informed               and               to               fully               understand               what               they               are               getting               into.

This               would               also               help               them               compare               aid               packages               offered               them               by               different               institutions.

In               the               end,               the               aim               is               to               provide               students               with               the               necessarily               information               to               make               better               decisions               and               look               ahead,               especially               on               what               future               debt               burden               they               may               be               saddled               with.






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    2. paulcfp.wordpress.com/   04/13/2012
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      ...repay their federal student loans because they stopped...which data is available, 42 students repaid a total of about $80,000, or an...
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      ...he paid off his student loans early with the proceeds from a book deal. Paying...Senator Rubio started repaying his student loans...
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    11. Repaying A Student Loan - Blog Homepage Results

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