Student loan repayment plans explained and ranked

UPDATED REPAYMENT PLAN VID HERE:    • Which student loan repayment plan is ...  

There are seven student loan repayment plans - but which to choose? Standard student loan repayment plan?
Extended repayment plan?
Graduated repayment plan?
Revised Pay As You Earn income-driven student loan repayment plan?
Income-Contingent repayment plan?
Pay As You Earn repayment plan?
Income-Based repayment plan?

In this video, I'll give a brief outline of all seven student loan repayment plan options and which are best for most people. I'll tell you which you have to be on to get Public Service Loan Forgiveness (PSLF)

This is just a quick overview of my opinions for informational and educational purposes only.

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Student loan repayment simulator: https://studentaid.gov/loan-simulator

00:00 - 00:44 Why watch
00:48 - 1:23 Standard student loan repayment plan
1:24 - 2:03 Graduated student loan repayment plan
2:04 - 2:50 Extended student loan repayment plan
2:51 - 4:00 Income driven repayment plans
4:01 - 4:45 Revised pay as you earn repayment plan (REPAYE)
4:46 - 5:46 Income-contingent repayment plan (ICR)
5:47 - 6:36 Pay as you earn repayment plan (PAYE)
6:37 - 7:38 Income-based repayment plan (IBR)

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Ms. Moody - former librarian, current financial feminist, and money educator.

Join the club to chat moolah with like-minded women - Outsmart Your Money, just like the library, we're talking stacks on stacks on stacks.   / 2766931030261825  

Wanna read a good money book for beginners?
"The Index Card" by Helaine Olen and Harold Pollack
- Get it from your public library: http://www.worldcat.org/oclc/928750850
-Get it from a local bookstore: https://www.indiebound.org/book/97801

...Looking for a book a bit more advanced?
"Dumb Things Smart People Do With Their Money" by Jill Schlesinger:
- Get it at your local public library: http://www.worldcat.org/oclc/1140204982
- Get it from a local bookstore: https://www.indiebound.org/book/97805

Thanks for watching!

Heads up: All the content is for educational purposes only. Ms. Moody is not a licensed financial advisor; she’s a librarian, money nerd, and educator. As personal finance is personal, to find out what is best for you, consult a financial professional. Users are solely responsible for any actions they take.

This video is protected under US Copyright law. If you would like to reuse any of it for your own work, you must have explicit permission from the creator (Ms. Moody). Please contact me for permission before using any part of the video.