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©2017 by Financial Coach Meagan - MRLandress, Inc. 

September 16, 2019

Refinancing can oftentimes be confused with Consolidation, or vice versa, and sometimes refinancing companies use the term “consolidation” instead of “refinance” unfortunately - adding to the confusion.

A Direct Consolidation Loan allows you to consolidate (combine) mul...

To refinance or not - that is the question. The arena of student loan refinancing can be a confusing one. Even if you can nab a lower interest rate by doing a refi, it still might not be your best move. There are a lot of important things to consider before you go thro...

​Marriage! Such an amazing and beautiful thing. The LAST thing you were thinking about when someone got down on a knee was: "Hmm.. How will this affect my student loan debt situation?" BUT now here you are, and that annual income re-certification reminder comes throug...

When you already have private student loans, refinancing can be a great way to reduce your cost over time if you can obtain a lower interest rate. If you have federal student loans and you are wondering if refinancing into a private loan makes sense for you, refer back...

If you have a very HIGH debt to income ratio, meaning your student loan balance is more than your income (especially when it gets to the level of 2x income +), your repayment strategy should consider relying on income-based federal forgiveness programs. In short, what...

February 28, 2019

Partial financial hardship: You have a partial financial hardship when the annual amount due on all of your eligible loans (and, if you are required to provide documentation of your spouse's income, the annual amount due on your spouse's eligible loans) exceeds what yo...

February 28, 2019

Pros & Cons to Implementing a

Federal Direct Consolidation Loan:

A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan. The result is a single monthly payment instead of multiple payments. Loan consolidation can a...

February 19, 2019

I believe the media has done a fantastic job scaring people out of trusting that the Public Service Loan Forgiveness (PSLF) program will do what it was designed to do:

Provide Loan Forgiveness for Public Service Employee Borrowers [who spend at least 10 years worki...

February 11, 2019

Does your advisor look like a deer in headlights when you ask them about what to do with your student loans? Just like with anything, find a subject matter expert to help with your specific concerns. You wouldn't go to an eye doctor for an ankle sprain would you? Or a...

January 27, 2019

If you have a very HIGH debt to income ratio, meaning your student loan balance is more than your income (especially when it's 2x or more your income) - you're safe haven is going to be relying on income-based federal forgiveness programs for your federal loans. What t...

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