THE CAREER CHANGE FINANCIAL PLANNER

Having trouble making the payments on your federal student loan? If your income is low relative to your debt (e.g. due to a layoff or difficulty securing full employment), it may be worth your while to look into Income-Based Repayment (IBR), a new way to make student loan payments more manageable. Our college planning expert Todd Weaver confirms that IBR eligibility requirements are fairly stringent; however, those who qualify may find just the relief they need to get their personal finances back on track.

Or if you’ve been considering a change to a career in the government or nonprofit sectors, also check out the Public Service Loan Forgiveness program, which offers relief on federal student loans to people who work in a wide range of “public service” jobs.

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