Borrow & Repay Wisely: Student Loans, August 2019

(2019) Borrow & Repay Wisely: Student Loans, August 2019. College Student Aid Commission

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Abstract

A graduated payment plan makes sense if you can count on your income rising steadily during your repayment period. An income-based plan might be best if you don’t plan to enter a high-paying job. It also provides some buffer if you don’t land a job right away, and your loan might be forgiven after a specified time. A shorter repayment plan will cost more each month for now but will save you money in the long term.

Item Type: Other
Keywords: college financial aid, student loans, financials
Subjects: Education
Education > Educational finance
Education > Educational finance > State aid to higher education
Education > Educational finance > Student financial aid
Education > Higher education > State aid to higher education
Education > Higher education > Student financial aid
ID Code: 31505
Deposited By: Margaret Barr
Deposited On: 25 Mar 2020 13:21
Last Modified: 25 Mar 2020 13:21
URI: http://publications.iowa.gov/id/eprint/31505