The Summer Newsroom

Read the latest from our team

Teachers: Which Student Loan Forgiveness Program is Right for You?
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If you’re a teacher with student loan debt, you’re not alone. Over two-thirds of educators borrow to attend school, and the majority have advanced degrees in addition to bachelor's degrees. The average loan debt for a teacher with a master’s...
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Student Loan Refinancing Guide
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Overview: Many student loan borrowers ask us about whether they should refinance their loans to lower their interest rate. While refinancing can help some borrowers lower their student debt load, there are a number of important factors that you should...
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Conquering Your Student Debt in 2020
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If you're starting this new decade with student debt, you're not alone. In fact, the student debt crisis is impacting over 45 million Americans today, including myself and other members of the Summer team. I sat down with my colleague,...
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The Relationship Between Your Income and Public Service Loan Forgiveness
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Confused by the Public Service Loan Forgiveness (PSLF) process? Don’t worry! We’re here to help clarify how changes in your income affect how much of your student debt would be forgiven under PSLF. First, let’s start by quickly reviewing the...
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Parent PLUS Loan Repayment Guide
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Overview Many parents take out federal Parent PLUS loans to help pay for their children’s higher education. While the repayment plans available to borrowers with Parent PLUS loans are more limited compared to borrowers with other loan types, there are...
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How Summer Saved a Tufts Grad $68K in Student Loan Debt
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Jamie, a recent Tufts graduate, wanted to pursue a career where she could focus on improving agriculture and food systems. Unfortunately, the specialized education required for that career came with a hefty price tag: $109,227.65 in student debt. Jamie developed...
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The Alienating, Frustrating Debt Burden of LGBTQ+ Youth
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“Alienating,” says Susan. She’s been asked to summarize her experience living with student loan debt as a young, queer woman. She hesitates, and then adds, “And frustrating.” Life with student loan debt is especially alienating for Susan because she’s an...
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Which Plans Are Best for Borrowers with Direct and FFEL Loans?
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Income-driven repayment (IDR) plans are government programs available to federal student loan borrowers that allow borrowers to tie their monthly student loan payments directly to their income. In other words, the lower your income, the lower your monthly payments (possibly...
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The Real Cost of Defaulting on Your Student Loans
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Borrowers are struggling to pay back their student loans now more than ever before. Last year, one million people defaulted on their student loans, and it’s projected that 2 in 5 borrowers will default by 2023. There’s a lot of...
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