1 Comment / debt help / By Amber Masters / April 19, 2019
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Need help navigating your student loans? For me, student loan debt seemed like no big deal when I was starting school. It was just one more thing on the to-do list of starting school. You create your class schedule, get your text books, sign a couple of dotted lines to take out six figures of debt. You know, no biggie. But then, all of the sudden, I graduated. And then my student loans seemed like a really big deal. I felt completely alone. I needed student loan debt help. It seemed like I was given nothing but contradictory advice. Or people would even say things like “I would NEVER have taken out that much debt for school.” Things that weren’t really helpful, since I already had. So, you are not alone. And you are not an idiot for taking out student loan debt. There are plenty of resources here on Deeply in Debt to help you figure out how to deal with your student loan debt best.
If you haven’t read my student loan repayment plan, that is a good starting point.
I also highly recommend scheduling a consultation with one of the CFA’s at the Student Loan Planner. Our (hubby and me) consult with them saved us literally $200,000 on our student loans. We’d spent countless hours researching student loan debt and what repayment plan was best for us. Doing your own research is always a great idea, but we could have saved lots of hours and stress by just calling them first. If you want to find out whether a consult with them is right for you, check out my Student Loan Planner Review.
I’ve also created a student loans simplified series where I break down each one of the federal student loan repayment options, listed here in what I think is most important to lease important.
EVERYTHING YOU NEED TO KNOW ABOUT REFINANCING YOUR FEDERAL STUDENT LOANS
EVERYTHING YOU NEED TO KNOW ABOUT THE STANDARD STUDENT LOAN REPAYMENT PLAN
EVERYTHING YOU NEED TO KNOW ABOUT ICR
EVERYTHING YOU NEED TO KNOW ABOUT THE EXTENDED REPAYMENT PLAN
EVERYTHING YOU NEED TO KNOW ABOUT THE GRADUATED REPAYMENT PLAN
EVERYTHING YOU NEED TO KNOW ABOUT THE INCOME SENSITIVE REPAYMENT PLAN
In addition, if you plan to refinance your student loans, or if you have maxed out all of your federal options and need a private lender, we have personally used Credible, Commonbond, and SoFi. If you choose to refinance, be sure to use any of the links below to earn $100-$500. Credibleis an excellent student loan refinancing resource. It streamlines most of these options into one place, by partnering with several companies. You will enter in your info, and they will help you choose the company that will work best for your situation (i.e. the one with the lowest interest rate for you, or best terms)
We personally used CommonBond to refinance Danny’s student loans that were above $500k. We’ve had a great experience with them so far and frankly their customer service can’t be beat.
- WithCommonbondyou can refinance more than $500,000 in private and federal student loans (helpful for people like us who actually have this much debt)
- Termsof 5, 10, 15, or 20 years
- Rates as low as 2.22% (variable),3.50% (fixed) and3.81% (hybrid)
- It offers member protections including unemployment protection
- Noapplication, origination, or pre-payment fees
SoFiis quickly becoming one of the most popular choices for refinancing. We used SoFi to refinance my law school loans. While SoFi is the most popular, they don’t necessarily always offer the cheapest rates. They are a solid choice for sure (and they did offer the lowest rates for me, which is why I used them to refinance my student loans) but definitely shop around for the lowest interest rate. You can use Credible (above) to quickly find the cheapest interest rate.
- Refinance and consolidate both federal and/or private student loans
- Rates as low as 2.23% (variable) or3.50% (fixed)
- 5, 10, 15, 20 year repayment terms
- Zero application fees, origination fees, or pre-payment fees
- Offers unemployment protection
I’m happy to report that we’ve paid off well over $200,000 on our student loans over the last two years. Find out how we did it by clicking here.
Lastly. I offer a FREE list of the Best Student Loan Debt Resources. It’s a collection of all of my very favorite and most helpful student loan debt help.ACCESS THE BEST FREE STUDENT LOAN RESOURCES BY CLICKING HERE.
What resources have been helpful for you and your student loans? Drop a comment below.
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