When creating a student loan repayment strategy, many borrowers gravitate to one of the Income-Driven Repayment (IDR) plans. By adjusting student loan payments based on taxable income and family size, these plans keep student loan bills more affordable than would otherwise be the case.

Keeping payments low usually involves reducing taxable income, typically by maximizing pre-tax deductions. For married couples, it may be tempting also to file separate federal income tax returns. Unfortunately, that simple step, […]

Student loan repayment has become more complicated over the past 10 years. Whether you’re a borrower, a parent, or a co-signer of a student loan, you face an increasingly complex set of choices when it comes to paying off your educational debt.

The ever-increasing cost of higher education forces more people to rely on student loans. Limits on federal borrowing leave most students and families to use private student loans to bridge the financial gap. As […]

QUICK ANSWER: Your wages can be garnished if you are in default on your federal student loans. The loan holder doesn’t need to file a lawsuit or get a judgment against you before starting a wage garnishment for a federal student loan. However, the loan holder needs to sue you in court for defaulted private student loans and get a judgment before starting a wage garnishment.

Millions of people default on their student loans each year, […]