Student Loan Blog

  • Basic Overview of Income-Based Payment Plans

    September 15th, 2014 | Payment Options bq

    College can be a fun experience and an exciting time of learning and discovering your talents and skills. After you graduate, you’ll have the opportunity to use everything you’ve learned to build a career. Along with graduating comes the added responsibility of paying off student loans. If you don’t choose a specific type of repayment […] […]

  • Administrative Wage Garnishments

    September 13th, 2014 | Money Management

    Once you are in default, the federal government can garnish your wages immediately without filing a lawsuit. Under both the Debt Collection Improvement Act (“DCIA”) and the Higher Education Act , the U.S. Department of Education is, upon default, authorized to take up to 15% of your disposable income via administrative wage garnishment. Unfortunately, disposable […] […]

  • Extended and Graduated Payment Plans

    September 8th, 2014 | Debt Relief d

    The joy of starting a new career can be stifled when you realize a huge portion of your paycheck will go to student loans. Unfortunately, this is the scenario many students face upon graduation or separation from their school (when their enrollment falls below half-time.) There are many payment plans available that can help lower […] […]

  • Getting out of Default

    September 7th, 2014 | Debt Relief

    For Oregon and Washington student loan debtors, there are just two routes to getting out of default– consolidation and rehabilitation.   You can only use each of these options only once, so it is best that once you are out of default, you do not default again. In a consolidation, you pay off the defaulted loan […] […]

  • Deferment or Forbearance?

    September 6th, 2014 | Debt Relief

    If you are an Oregon or Washington student loan borrower coming up on default and need a little breathing room in order to put together an affordable repayment plan, deferment or forbearance can both do the trick. The bottom line is that if at core you just can’t afford your monthly payment, you will ultimately need […] […]

  • Types of Deferments

    September 1st, 2014 | Debt Relief PayNowPayLater

    It would be great if everyone could just pay college tuition up front and graduate debt free, but with tuition rates and today’s economy, that’s really not possible for most students. Fortunately, student loans can make higher education a reality for anyone who wants to further their career. Just like there are many types of […] […]

  • Understanding the Grace Period

    August 25th, 2014 | Money Management Student Loan Grace Period

    Congratulations, your hard work has paid off and you’ve graduated from college! Now comes the next task of beginning your career, followed by saving up for and paying off your student loans. Thankfully, loan companies understand it may take you a while to get on your feet and to be able to start making payments, […] […]

  • Who are the Key Players in the Student Loan World?

    August 18th, 2014 | Debt Relief make-selection

    Starting college is such an exciting time of growth and potential. You’ll have the opportunity to study topics that interest you and to begin a new career after graduation. But how are you going to pay for this worthwhile investment? Most students end up taking out loans to cover tuition, books, fees, and living expenses […] […]