Student Loan Basics

Presentations on the Basics

Below are five Prezi presentations on the basics you need to know about student loans. They focus on federal loans and cover everything from capitalization to Public Service Loan Forgiveness. You can go through all of them in order or you can skip to the information you need to know.

Quick note about Prezi: You can go through in order with the arrow buttons or you can zoom into any section you want. You can also make them full-screen to view easier. So many options.

 

Student Loan Basics

It's the basics. We try to answer these questions:

What is a student loan? Who provides student loans? What are the main types of federal student loans?

How do interest, capitalization, and subsidized vs unsubsidized loans work?

What is a loan servicer? Where do I go to figure out what loans I have?

 

Repayment Plans Part 1

Before we dive into all of the different repayment plans for federal student loans let's define a few terms.

What is a grace period and what is the grace period on my loans?

What is deferment and forbearance? And how do I qualify for either of them?

 

Repayment Plans Part 2

Now let's get into the nitty gritty of the different payment plans. We address the following questions (and more!):

What are the available repayment plans? What is an income driven repayment plan?

What is standard, extended, and graduated repayment?

What is PAYE, REPAYE, IBR, and ICR? and how do I qualify for these plans?

What is a Partial Financial Hardship and what is my discretionary income?

 

Public Service Loan Forgiveness

Haven't heard of Public Service Loan Forgiveness (PSLF)? You will want to know about it, trust me. PSLF is a great way for doctors to deal with loans, especially if you have a large amount of debt. This presentations answers:

What is PSLF and how do I qualify for it?

What is a Direct Consolidation Loan and why would I want to consolidate my loans?

 

Misc Info

More info on dealing with your loans. Lots of links to information on:

Military Service, Federal Repayment Programs, State Repayment programs, Employer benefits, Private Refinancing, Loan Discharge

 

Learn More

Want some more pleasurable learning about student loans? Go check out the Student debt page for example loan scenarios, calculators and more.