White House Student Debt Challenge
UNCF is doing its part to meet the White House Student Debt Challenge and help borrowers make more affordable, income-based, student loan repayments.
The White House Student Debt Challenge is a call to action to help an additional two million individuals with federal student loans enroll in income-driven repayment plans so borrowers can make more affordable student loan repayments based on their income. An income-driven repayment plan is a repayment plan that sets your monthly student loan payment at an amount that is intended to be affordable based on your income and family size.
U.S. Department of Education Secretary John King explains the financial challenges many students currently face and how income-driven repayment plans may be an option:
Do you qualify for one of the income-based repayment plans outlined below? Answer five questions to find out. (Click the image to take the quiz)
Pick the plan that works for you
Check Out Your Options. Click on the links below to find out how you, your children, students and employees can make the student debt burden lighter and more manageable. (Content provided by the U.S. Department of Education)
Which Income-Driven Repayment Plan is Right For You?
Learn the basics about selecting the rights plan for your needs
Financial Aid Loan Repayment Tool Kit
Valuable information for students from the people who understand the financial aid process
Use the repayment estimator when you're:
- beginning repayment of your federal student loan for the first time; or
- exploring repayment options based on your income.
- Twitter: #studentdebt
- LinkedIn message from Dr. Michael L. Lomax: We need to invest in college degrees, not college debt