TODAY! Student Debt Specialist Talks About Loan Repayment Options & How to Decrease Your Student Debt
Interested in finding a way to drastically decrease your student debt? Do you know the various loan forgiveness and repayment options available for your student loans? What are the differences between the Income Based Repayment (IBR) and Pay As You Earn (PAYE) repayment plans? Any student with loans will need to make importance choices that will impact your financial future, some of which need to be made the second semester of your 3L year.
The law school is bringing Brandon Hanson, the Student Debt Specialist, from Washington D.C. to speak with students and explain your options and eligibility for the different plans in detail. There are no other resources on campus to provide you detailed counseling on repayment plan options. All students who have taken out loans to attend law school, particularly 3Ls graduating this year who will need to choose a repayment plan, are strongly encouraged to attend.
Did you know . . .
* For students interested in a long-term career in public service/government: Your qualifying federal loans can be forgiven after 10 years of employment if you choose the correct repayment plan thanks to the Public Service Loan Forgiveness Program. You can save substantially on your loan repayments which can be a financial lifeline and allow you more career options.
* For students interested in the private sector: You may be eligible for reduced monthly payments on your loans when you graduate under IBR or PAYE if you select the correct plan. So, which plan should you choose based on your family size and income? In addition, your remaining loans may be forgiven after 20-25 years based on which plan you choose so which one is the right choice for you and will allow you the best savings?
You won't want to miss this program.