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Student Loan

By Terry Savage on August 08, 2025 | College Savings / Student Loans

Hello Terry , I listened to your segment on WGN today radio about student Loan changes coming. My daughter is starting college in a couple of weeks. She has a loan through Sally Mae. Can she still get into an income driven repayment plan?

Terry Says

Her Sallie Mae loan is a PRIVATE student loan. As such she may be able to refinance her loan if her credit is good. Or she could check rates at either Sofi.com or through Credible.com. But her loan does not qualify for income-driven repayment from the government.

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