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Greetings!
We hope you find our July newsletter enjoyable and informative. |
Paying for College
If you want your children to benefit from a college education, it's never too early to start saving. Let's face it, a college education is expensive...in fact, it might be one of the largest outlays you ever make. The good news is that families who want to save for their children's college education now have more options available than ever before.
Download: Life Guide Paying For College
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Drowning in student loan debt?
Starting next week, there will be a new student-loan refinancing program targeting grads with large student loan debt and low incomes.
Starting July 1st, some college grads will be making lower loan payments thanks to the government's new Income Based Repayment Plan. This program calculates your monthly payments based on your income and your family size.
You may qualify if you have a Stafford, Graduate PLUS, or consolidation loans made under either the Direct Loan or Federal Family Education Loan programs. You don't qualify if you have a Parent PLUS loan. Your debt must be 1.5 times more than gross income.
You can calculate your eligibility at finaid.org/calculators/ibr.phtml. The loans can be new or old, and for any type of education, including undergraduate, graduate or professional job training.
Read More: Student Loan Debt Relief |
