Payment Options

  • 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, […] […]

  • 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 […] […]

  • 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 […] […]

  • 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 […] […]

  • 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 […] […]

  • 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 […] […]

  • 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 […] […]

  • Income-Based Payment Plans: The Details

    September 22nd, 2014 | Debt Relief rt

    After you finish college, you’ll be making some new starts: new career, possibly moving to a new city, and beginning to tackle your student loans. If you don’t choose another option for repayment, you’ll be put into a Standard Ten-Year Fixed Plan, and your payments may be quite high. To make your payments more manageable, […] […]

  • Delinquency vs. Default

    September 29th, 2014 | Payment Options 1d

    Dealing with student loan debt is just a fact of life for many people. A recent study by the Federal Reserve Bank of New York (FRBNY) shows that 40.1% of people under 30 years old have student loan debt. 25.1% of people aged 30-39 and 7.4% of people over 40 have student loan debt. For […] […]

  • Curing Default

    October 13th, 2014 | Money Management q7

    It can be difficult to keep up with all of your responsibilities and payments as you’re beginning your career after college. If you get behind on student loan payments, you have some time before the loan actually goes into default Delinquency vs. Default. In fact, you have nine whole months to make a plan and […] […]