Republican attempts to repeal President Biden’s new SAVE plan failed to pass the Senate during a key vote last week.  Millions of borrowers have already enrolled in the Saving on a Valuable Education plan, a new income-driven repayment plan program that Education Department officials are saying is the most affordable IDR plan ever. And more […] The post Republican Effort to Repeal Biden’s SAVE Plan Fails, but Other Threats Remain appeared first on Student Loan Planner ..read more

Key Takeaways: MetLife provides short-term disability and long-term disability insurance options. However, these income protection products are only available with group coverage plans. Depending on where you work, you might have access to MetLife disability insurance as part of your overall employee benefits package. Here's what you need to know about MetLife disability insurance for […] The post MetLife Disability Insurance for Physicians: Group Coverage Explained appeared first on Student Loan Planner ..read more

When it comes to renting vs. buying a house, there’s a heated debate centered around whether it's a good investment or not. People usually feel strongly one way or the other, especially during times when mortgage interest rates are the highest they’ve been in over two decades — ultimately affecting both buyers and sellers. The […] The post Renting vs. Buying a House: How to Decide As a Physician appeared first on Student Loan Planner ..read more

Own-occupation disability insurance provides the strongest income protection for high-earning professionals with specialized training. Although it can be more expensive than group plans, it offers comprehensive coverage for your medical or dental specialty based on your individual risk of becoming disabled.  This risk is determined by a formula that factors in your age, gender, occupation, […] The post Must Knows About Buying Disability Insurance With a Pre-Existing Condition appeared first on Student Loan Planner ..read more

The Biden Administration announced last week that nearly 5.5 million borrowers have enrolled in a new income-driven repayment plan. The Saving on a Valuable Education (SAVE) plan is being touted by top Administration officials as the “most affordable” income-driven repayment plan ever created. The plan features lower monthly payments, a higher poverty exclusion limit, and […] The post More Than 5 Million Borrowers Enrolled in Biden’s New Student Loan Repayment Plan appeared first on Student Loan Planner ..read more

The Biden administration is taking a big step forward this week in developing a new student loan forgiveness plan.  The program, which officials hope will be a more legally-sound replacement for Biden’s initial student loan forgiveness plan that was struck down by the Supreme Court in June, is going through a process called negotiated rulemaking. […] The post 4 Updates on Biden’s New Student Loan Forgiveness Plan appeared first on Student Loan Planner ..read more

Disability insurance policies come in many flavors, some of which can leave a sour taste when it comes time to file a claim. The smallest policy nuance can change your disability coverage in a big way.  For example, choosing an own-occupation definition of disability allows you to collect benefits based on your ability to perform […] The post Partial Disability vs. Total Disability: How a Partial Disability Rider Changes Your Coverage appeared first on Student Loan Planner ..read more

If you’re readjusting to making monthly federal student loan payments again, you might consider getting on a new repayment plan. You can change your student loan repayment plan whenever you want, at no cost to you.  This benefit is typically reserved for student loan borrowers with federal loans from the U.S. Department of Education. Private […] The post How to Successfully Change Your Student Loan Repayment Plan appeared first on Student Loan Planner ..read more

Student loans are rapidly becoming part of everyday life for many people. When paying down your student loan balance, student loan interest, your monthly payment and your principal all interact through a process called amortization. As a borrower, understanding how your amortization schedule works can help you pay down your debt faster, whether you have […] The post How Student Loan Amortization Works and How to Handle It appeared first on Student Loan Planner ..read more

What you owe on your student loans is likely more than you borrowed. It can be jarring to see your loan amount go up, compared to your principal balance. So what increases your student loan balance, exactly? In many cases, interest is the culprit. Interest is the price of accessing loans. But if you leave […] The post 5 Reasons Why Your Student Loan Balance Increases appeared first on Student Loan Planner ..read more