I’ve increasingly received emails from borrowers in their 60s and even 70s who owe more than six figures of student loans. They want to retire, but they think they’ll never be able to afford to. Some …
Discretionary Income Definition + Calculator: Impact on Student Loan Payments
Why does the discretionary income definition matter for student loans? It's an arcane term and sounds as interesting as watching grass grow, but it's actually really important. Knowing the …
When Married Filing Separately for Student Loans Can Save You a Lot of Money
“Should we file taxes separately or jointly?” This is one of the top questions we receive at Student Loan Planner, and it’s an important one. How you decide to file taxes as a household affects how …
Everything You Need to Know About Income-Based Repayment
Often when people use the term "income-based repayment," what they really mean are all the plans that fall under federal "income-driven repayment. The “Income-Based Repayment Plan” (IBR) is only …
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How to Qualify for Nelnet Student Loan Forgiveness
If you have federal student loans, there’s a good chance that you’ve dealt with Nelnet at some point. As of September 2020, Nelnet is the servicer for over $200 billion of federal student …
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Are Student Loans Forgiven After 20 Years? Here’s What to Know and Forgiveness Options
If you have federal student loans, you have one major benefit that you can take advantage of and that’s student loan forgiveness. You might wonder, "Are student loans forgiven after 20 years?". The …