Module 2: Discussion- Loan RepaymentHailey Henry, SVNConcorde Career CollegeCPSO1102: Career Path Success IILeslie Jester, ARNPAugust 29, 2021
Loan RepaymentThe most surprising piece of information was presented in the videoHow to Manage yourStudent Loans(FederalStudentAid, 2013) when it was mentioned that “If you’re having troublemaking your loan payments, you may be able to choose a plan that ties your payment plans toyour monthly income”. This option allows those who are struggling to make monthly paymentsthe ability to have a payment amount based on the amount of money they currently take homeeach month and will serve the purpose of preventing the borrower from slipping into bankruptcy.I never knew that this option was available as a repayment option for federal student loans but, itseems like a genius idea.After reviewing all of the information, my view is forever changed about general student loan
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Debt, Concorde Career College, Hailey Henry, Leslie Jester