This 1 thing could change the way you pay off student loans—here's what you need to know:
The College Affordability Act would enable borrowers toWhen you borrow federal student loans, the government charges you an origination fee, which is charged as a percentage of the amount you borrow and is added to your student loan balance. In contrast, most private student loan lenders do not charge an origination fee. Under the College Affordability Act, origination fees for federal student loans would be eliminated, which would save you money.
Income-driven repayment plans, for example, base your student loan payments on your family size and a percentage of your discretionary income, and then offerThe College Affordability Act would replace the current student loan repayment plans with two plans: one fixed student loan repayment plan and one income-based repayment plan. Fewer plans could simply student loan repayment and avoid confusion.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
8 things I wish I could tell my 17-year-old self about student loansIt's been 10 years since the author graduated, and she still has almost $40,000 in student loan debt to pay off.
Baca lebih lajut »
Australian students kick off global climate change protestsThousands of Australian students walked out of class to join rallies demanding stronger action to rein in ClimateChange ClimateStrike
Baca lebih lajut »
NFL cornerback clears over $27,000 in schools' cafeteria debtSan Francisco 49er Richard Sherman is making his mark off the football field—by paying off thousands of dollars in school lunch debt for public school students.
Baca lebih lajut »
New Lawyers Are Swimming in DebtThe vast majority of law-school graduates carry debt loads that exceed their initial earnings, new federal data shows, the latest sign a law degree isn’t a sure path to quick financial success.
Baca lebih lajut »
Big Data, Data Lakes, And Blockchain With Rahul Pathak, Executive At Amazon Web ServicesEveryone knows that data is exploding. What most people don’t realize is the pace and ways in which data is changing our everyday lives paid awscloud
Baca lebih lajut »