REIA NYC Blog
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 ..

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 ..