This is because sometimes clients will come to me having already made mistakes with their student loans that are irreversible. This could involve refinancing federal loans whey they should not have, spending years unnecessarily making higher monthly payments because they are in the wrong income driven plan, and thinking they have been earning credit towards Public Service Loan Forgiveness when they were not. Since it's better to learn from other people's mistakes instead of your own, I have compiled a list of the ten most common student loan mistakes I see healthcare professionals make.
With the President's signing of the CARES ACT, student loan debt relief was provided for potentially millions of borrowers. From now until September 30th, the payments and interest on federally held loans will be waived. But there are some important aspects of these provisions that everybody who has student loan debt needs to be aware.
While student loan debt means you have some important considerations to make before attending an open house, it doesn’t mean you can’t buy a home.
For many young professionals, having a thorough understanding of how to qualify for PSLF could mean the difference between saving tens of thousands of dollars or experiencing a lot of heartache.
But depending on your credit and employment situation, there could be a few reasons for you to think twice before pulling the trigger on refinancing your student loans.