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fed student loan
questions & answers

Does Your GPA Affect Your Student Loans?

The subject of student loans is mired in misconceptions and myths. One thing that many students wonder about is whether or not their GPA affects their student loans. Some students think it does, some think it doesn’t. So what’s the right answer—does GPA affect student loans or not? Let’s take a look at the relation between …
best loan repayment plan
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Can You Change Student Loan Repayment Plans?

When you sign up for a student loan—whether federal or private—you’ll also sign up for a certain repayment plan. Options will vary from loan to loan. As time goes on, you may find that the monthly payments are too high, or that you’d save more money on a different plan. So it begs the question: …
federal student loan interest rate
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Federal Student Loan Interest Subsidy: What Is It?

When it is time to start repaying your federal student loans, if you are not earning enough to cover your monthly payments, you have the option of choosing an income-driven repayment plan. While researching these, you may have come across the term ‘federal student loan interest subsidy.’ Let’s dive into what that means. Income-Driven Repayment …
A watch on a wallet because time is money. Should you pay off student loans early?
questions & answers

Are There Penalties to Paying Off Student Loans Early?

Student loans, both private and federal, have very specific repayment plans attached to them. These plans outline interest rates, monthly payment amounts, strict terms and conditions, and estimates on how long it’ll take to repay the loan. Additionally, the plans lay out how many years it will take for you to pay off the loan …
A smiling male graduate student facing the Dean.
questions & answers

Can My Federal Student Loan Grace Period Change?

The standard federal student loan grace period lasts six-months after a student graduates from college. After that half-year, it’s time to start repaying the loan with interest. But that’s just the standard, what can cause a grace period to change? Active Military Duty No matter the military branch, if you’re called to active duty you …