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Are you eligible for the Pay As You Earn plan?

On June 9, 2014, President Obama signed an executive order that will make it easier for millions of young borrowers to repay their federal direct student loans.

The Pay As You Earn plan will help relieve student loan payers. (Credit: Deviant Art)

The Pay As You Earn plan will help relieve student loan payers. (Credit: Deviant Art)

With average student loan debt hovering around $30,000 per student and total student loan debt outpacing total credit card debt, borrowers will welcome the new ‘Pay As You Earn’ repayment program. Under the program loan, payments change based on your income and family size. Read more

Things college students need to know about federal student aid and FAFSA deadlines

Be sure to educate yourself on any and all financial aid options you are eligible for. (Credit: www.LendingMemo.com)

Be sure to educate yourself on any and all financial aid options you are eligible for. (Credit: www.LendingMemo.com)

With the cost of a college education rising each year, you’ll want to take advantage of all the federal student aid that you can qualify for. Spring means that you may be filing for aid and meeting your FAFSA deadlines for submitting paperwork. Now is a good time to review a few of the important points about student aid.

FAFSA deadlines

FAFSA is the Free Application for Federal Student Aid. It’s the form that begins the process of qualifying for Federal student aid. New FAFSA forms are issued each January. You can get yours from your financial aid office or by going to the official FAFSA site. Read more