Student Loan Options Detail
As a newly minted physician, I recently amassed more than $240,000 in loans to pay for medical school. Paying off those loans is hard. As borrowers are discovering, the U.S. Department of Education’s illogical lending policies make student-loan repayment substantially harder.
All that Uncle Sam asks is annual proof of income in order to establish future payment requirements.So it was when, on Aug. 16, I received a letter from Direct Loans informing that it was time to recalculate my monthly payment amount under IBR. (Direct Loans is a loan servicer, authorized through the U.S. Department of Education.) The letter notified, “If proof of your current income is not received within 90 days of the date of this letter, your repayment plan will be changed to Standard Repayment Plan, which could increase your monthly payment amount.”
As a newly minted physician, I recently amassed more than $240,000 in loans to pay for medical school. Paying off those loans is hard. As borrowers are discovering, the U.S. Department of Education’s illogical lending policies make student-loan repayment substantially harder.
All that Uncle Sam asks is annual proof of income in order to establish future payment requirements.So it was when, on Aug. 16, I received a letter from Direct Loans informing that it was time to recalculate my monthly payment amount under IBR. (Direct Loans is a loan servicer, authorized through the U.S. Department of Education.) The letter notified, “If proof of your current income is not received within 90 days of the date of this letter, your repayment plan will be changed to Standard Repayment Plan, which could increase your monthly payment amount.”
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
Student Loan Options
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