Real Estate Investors Association NYC

REPAYE Makes Your Student Loan Payments More Manageable

In order to combat the rising tide of student debt, the government has tried to make repayment of student loans easier for mid to low income borrowers. Its series of income - driven repayment plans, such as the popular Pay As You Earn program (PAYE), cap your federal student loan payments at a percentage of your discretionary income - a percentage that can range from 15%, all the way down to 0%. Plus, income - driven repayment options o ..

Should You Open a 529 College Savings Plan?

According to recent College Board data , the average budget for an in - state public college is about $24,061 a year. For a private institution, that average jumps up to $47,831! While the price of college may seem overwhelming, the government provides several programs to make it more doable for parents who want to help off - set the cost s of their children's college degree. One such program is the 529 College Savings Plan . Named after ..

Student Loans and Your Credit Score: 4 Little Known Facts

Many student borrowers are not sure about how their educational loans will ultimately affect their credit score. Are these loans just like any other, or is their impact somehow different? The answer is, it's a little bit of both. On one hand, the effect of your student loans is very similar to any other institutional loan. Pay on time, and your credit score goes up. Don't pay on time, and your credit profile will suffer. On the oth ..