Новости за 09.10.2019

While it’s technically not possible to be arrested for student loan debt, it’s possible to be arrested for not abiding by certain legal procedures after defaulting on your student loans.

Creating a budget for your student loans is a crucial part of repayment. Start with understanding your cash flow each month, and build in your student loan payment to fit that budget.

Your student loan repayment may begin right after graduation or after a grace period of six or nine months. Take the time to understand how to repay your student loans by reading what your servicer sends you and choosing the best payment plan.

If you make a down payment of less than 20%, most mortgage lenders will require you to pay for private mortgage insurance (PMI). PMI is charged based on the loan value, your credit score, and other factors, and can be expensive.

The standard repayment plan for federal student loans allows borrowers to repay a level payment amount over the course of 10 years. This is often the most efficient repayment, but it can require a higher monthly payment than other plans.