IF YOU’RE FEELING OVERWHELMED BY STUDENT LOANS, TAKE A MOMENT TO READ THESE FINANCIAL STRATEGIES FROM BECKY PARTRIDGE.
Student Loans - Partial Interest Repayment Option
Last week we touched on the interest only repayment option for private student loans. This week we are going to touch on the partial interest repayment option.
Student Loans - Extended Repayment Plan
The extended repayment plan is for eligible federal student loans and has a 25 year maximum repayment period. This plan allows for your student loan payments to be either fixed or graduated as long as the loan will be paid off within 25 years.
Student Loans - Graduated Repayment Plan
The graduated repayment plan has a 10 year repayment period unless you have a consolidated loan in which case you could have between 10 and 30 years for repayment. By Financial Planner Becky Eason