Federal student debt proposal would change REPAYE, phase out PAYE Buried in a sea of federal student loan announcements and changes over the last few years was the promise of a new income-driven repayment plan. Now we know how parts of that promise will be implemented when the pandemic forbearance benefits end this summer. The …
On August 24th, 2022, the White House announced the news of a special one-time cancellation of up to $20,000 of federally held student loan debt. The amount of debt cancellation will depend on your income and whether you received a Pell Grant in college.
Here are some questions and detailed answers about Student Loans and Financial Aid asked during Apply Smarter webinars. We also covered questions and answers about veterinary school application and veterinary income. “What is a “standard” amount of financial aid offered by vet schools? I know it varies a lot, but would you say it’s easy …
Apply Smarter Q&A: Student Loans and Financial Aid Read More »
Updated for 2023 graduating veterinarians:There are some new changes and proposals to be aware of as you enter loan repayment. Here are some common questions about using a Federal Direct Consolidation Loan that we tackled live during the most recent New Veterinary Graduate Student Loan Playbook Webinar. To consolidate vs not consolidate? Absolutely start a …
New Grad Student Loan Questions and Answers: Consolidation Read More »
Attention 2020, 2021, and 2022 veterinary graduates with student loans! You have some special homework to maximize all of the recently announced benefits. If you have federal student loans and you graduated into the pandemic forbearance period, here are the things your graduating classes need to know and perhaps DO soon to ensure you take …
Class of 2020, 2021, 2022 Income-Driven Repayment Renewal Note Read More »
New features and resources help veterinary colleagues navigate significant changes in student loan repayment options The VIN Foundation announces multiple updates to the critically acclaimed Student Loan Repayment Simulator. The VIN Foundation is a 501(c)(3) nonprofit, providing tools and resources to support pre-veterinary students, veterinary students, and veterinarians throughout their careers. Listen to the recent …
VIN Foundation Student Loan Repayment Simulator Adds Crucial Proposed Changes Read More »
Common questions and concerns around the most recent student loan announcements
Changes are coming to income-driven repayment: Updates to REPAYE, PAYE and ICR phased out Below is a the comment I plan to submit to the Department of Education on the proposed changes to income-driven repayment. I encourage you to review the changes that we have detailed here. Consider how the propsed changes will impact your …
Comments to the Department of Education on proposed IDR changes Read More »
Each year in January, the U.S. Department of Health and Human Services (HHS) updates the federal poverty guidelines used to determine financial eligibility for certain programs. The federal student loan income-driven repayment plans are impacted by these updates.Income-driven repayment can be extremely beneficial for veterinarians. Especially for new grads who start their careers with a …
Increase in Federal Poverty Rates for 2023: Why that matters for your student loans Read More »
What a crazy busy year in the world of student debt! It appears some of these changes and opportunities to possibly diminish your debt and shorten your repayment period will continue into 2023. As you’ve probably heard by now, on November 22nd the Department of Education announced another extension of the pandemic forbearance benefits for federal …
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