With more than 44 million borrowers in the U.S. holding more than $1.6 trillion in student loan debt, people we work with are managing their federal or private student loans. There are many factors to consider when choosing a repayment plan or deciding to refinance or consolidate. Each borrower has unique circumstances that will determine what strategies are available and favorable to them.
This checklist helps guide your conversations with an advisor when planning around your student loans, and covers:
- Relief available to borrowers
- Repayment considerations
- Costs and benefits of refinancing
- Eligibility for loan forgiveness