Planning for Student Loan Repayment – Temple Law

6. Prioritize your debt. Your goal should be to pay as little in interest on your loans as possible. Sort your list of outstanding loans by interest rate and plan to make larger payments on higher rate loans in order to pay them off more quickly. Lower rate loans can be paid over a longer period of time.

Loan Repayment Options – Temple Law

Beginning in July 2024, borrowers who have both undergraduate and graduate loans will pay a weighted average of between 5% to 10% of their discretionary income. Loan Forgiveness – The shortest repayment term before forgiveness is 10 years (120 monthly payments) for individuals who borrowed $12,000 or less.

Repaying Student Loans – Temple Law

Repaying Student Loans. Graduating law students who received student loans to help finance their legal education often feel overwhelmed about the prospect of beginning the repayment process and determining the right repayment option for their situation upon leaving law school. While there are many options available to help you keep your loans …