Which Student Loan Should You Pay Off First?

Pay off the student loan with the highest interest rate first. That will save you the most money over time. But if getting rid of small balances one by one motivates you more, go that route regardless of interest rate. When your goal is to pay off student loans fast, the best strategy is the... Brianna McGurran is a writer at NerdWallet.

BING NEWS:
  • House Republicans demand answers on Biden’s potentially illegal student loan consolidation scheme
    A group of House Republicans, led by Rep. Virginia Foxx, raised concerns about whether the Biden administration's student loan consolidation scheme is illegal.
    04/19/2024 - 1:58 pm | View Link
  • Best parent student loans of March 2024
    Parent PLUS loans have a fixed, flat interest rate that isn’t based on your credit (however, you may not qualify with adverse credit). For the 2023-24 school year, the interest rate is 8.05%. In addition, the Department of Education charges a one-time loan fee of 4.228%.
    04/19/2024 - 4:47 am | View Link
  • Where Do The 2024 Presidential Candidates Stand On Student Loans?
    Here's what the three main Presidential candidates - President Biden, Robert F. Kennedy Jr., and Donald Trump, have proposed for tackling the student loan debt crisis.
    04/19/2024 - 12:15 am | View Link
  • 40-year-old delivers for DoorDash to help pay down her $100,000 student loan debt—on top of her full-time job
    Shonnita Leslie's side-hustle as a DoorDash driver helped her pay down around $20,000 of her six-figure student loan debt. Here's how she spends her money.
    04/18/2024 - 5:55 am | View Link
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BING SEARCH:
  • Biden-Harris Administration Announces Additional $4.9 Billion in ...
    The Biden-Harris Administration announced today the approval of $4.9 billion in additional student loan debt relief for 73,600 borrowers. These discharges are the result of fixes made by the Administration to income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF).
    04/19/2024 - 9:46 am | View Website
  • Biden-Harris Administration Announces Nearly $5 Billion in Additional ...
    December 6, 2023. Contact: Press Office, (202) 401-1576, press@ed.gov. The Biden-Harris Administration announced today the approval of an additional $4.8 billion in student loan debt relief for 80,300 borrowers. These discharges stem from fixes made by the U.S. Department of Education to income-driven repayment (IDR) forgiveness and Public ...
    04/19/2024 - 7:52 am | View Website
  • Federal Student Aid
    Federal Student Aid is the official website for applying for financial aid from the U.S. government. You can fill out the FAFSA ® form online, check your eligibility, and manage your loans and grants. To start your application, you need to create a StudentAid.gov account with a FSA ID.
    04/19/2024 - 4:03 am | View Website
  • FACT SHEET: President Biden Announces Student Loan Relief for Borrowers ...
    To ensure a smooth transition to repayment and prevent unnecessary defaults, the pause on federal student loan repayment will be extended one final time through December 31, 2022.
    04/19/2024 - 3:55 am | View Website
  • Free Application for Federal Student Aid (FAFSA) | USAGov
    Federal Student Aid offers grants, loans, work-study, and more to help you pay for college or career school. Use the Free Application for Federal Student Aid (FAFSA) to apply.
    04/19/2024 - 2:22 am | View Website
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