Rossen Reports: This tool will help you manage student loan debt
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Updated: 1:31 PM CDT Jul 28, 2023
*** new report from the Chamber of Commerce shows 43.6 million of you have federal student loan debt, about 70% owe $10,000 or more. Well, 25% *** quarter of you owe $40,000 or more which states owe the most. Top 10. California has an average student loan debt of $37,223. Florida. It's close 37,008, 48 Georgia even higher, an average student loan debt of 40,000 $438. And that number one Washington DC, average student loan debt of $54,000 856. So it's almost 55,000. If you're getting ready for your payments to start back up, there is *** tool you should be using to figure out what you can manage. It's the Department of Education's loan simulator. Ok. You can find it right here. Get ready to write this down. Student aid dot gov slash loan dash simulator. I'll put this on Ross and reports dot com. It's much easier. We'll link you right there. It helps you calculate your payments and choose *** repayment plan option that will meet your needs. All you have to do is plug in your information like your salary, what you contribute to your retirement, your total debt, your interest rate, then you choose whether you want to pay off your loan as fast as possible or maybe you'd rather have *** low monthly payment. Maybe you have *** date, you need them paid off by this site will give you all those different options and then you can compare for yourself. It'll even suggest programs that you can apply to, to help bring payments down if you're eligible. This, this little simulator here is going to give you *** very good jumping off point, especially as you prepare for October when the loan payments start back up again. I'm going to post this site as I mentioned, the Ross reports dot com. Plus, we have some other fun little tips in there for you to you.
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Rossen Reports: This tool will help you manage student loan debt
The countdown is on. After more than three years of being put on pause, student loan payments will start back up on Oct. 1.A new report from the Chamber of Commerce shows 43.6 million people have federal student loan debt. About 70% owe $10,000 or more, while 25% owe $40,000 or more. The report also shows which states are going to be whittling away at the most student loan debt.Which states owe the most?Washington D.C. — $54,856Maryland — $42,666Georgian — $40,438Virginia — $38,679Florida — $37,848Illinois — $37,750New York — $37,673Hawaii — $37,294Vermont — $37,284California — $37,223If you're getting ready for your payments to start back up, there's a tool you should be using to figure out what you can manage. It's the Department of Education’s Loan Simulator.It helps you calculate your payments and choose a repayment option that will meet your needs. You plug in information like your salary, what you contribute to your retirement, your total debt, and your interest rate. Then you choose whether you want to pay off your loans as fast as possible or if you’d rather have a low monthly payment – maybe you have a date you want them paid off by. The site will give you multiple repayment plans that you can compare and even suggest programs that you can apply for to help bring payments down if you’re eligible. This will give you a good jumping-off point as you prepare for October.
A new report from the Chamber of Commerce shows 43.6 million people have federal student loan debt. About 70% owe $10,000 or more, while 25% owe $40,000 or more. The report also shows which states are going to be whittling away at the most student loan debt.
If you're getting ready for your payments to start back up, there's a tool you should be using to figure out what you can manage. It's the Department of Education’s Loan Simulator.
It helps you calculate your payments and choose a repayment option that will meet your needs. You plug in information like your salary, what you contribute to your retirement, your total debt, and your interest rate. Then you choose whether you want to pay off your loans as fast as possible or if you’d rather have a low monthly payment – maybe you have a date you want them paid off by. The site will give you multiple repayment plans that you can compare and even suggest programs that you can apply for to help bring payments down if you’re eligible.
This will give you a good jumping-off point as you prepare for October.
