With $1.7 trillion of student loan debt in America, student loan forgiveness is at the forefront of most borrowers’ minds. Yahoo Finance, Financial Reporter Ronda Lee reports on repayment options for borrowers. It is important for borrowers and potential borrowers to prioritize knowledge of loan options and what they offer.. or don’t. Federal loans tend to be deferred for the duration of the borrower’s education, while some private loans may require repayment while still in school. Federal loans generally are eligible for income driven repayment (IDR). Considering what comes after borrowing and graduating will help significantly in making the right loan choice. To see more of Yahoo Finance’s student loan week, click here: Student Loans: Crisis or Crucial?
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