Student Loan Refinancing: Variable vs
Fixed Rate
When student loan borrowers are looking to refinance student loans, they typically come across two options: a fixed rate student loan and a variable rate student loan. Variable rate student loans are the most common when refinancing orconsolidating your loans, but fixed rate loans are available.
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Managing Student Loan Debt During COVID-19
Breathe in. Breathe out. We know there is a lot of uncertainty as the world faces the challenges and realities of COVID-19. While many of us are working remotely or facing job uncertainty, transferring our schooling online, and putting many aspects of our life on hold, the reality is that not everything can come to a full stop. Student loan…
The Top 5 Benefits of Extracurricular Activities
If you’re looking to learn about the benefits of extracurricular activities, you probably already know how valuable they can be. But what exactly are extracurricular activities, and just how important are they? “Extracurricular activities” refer to any regular activities that you commit to outside of the regular school curriculum. This can mean involvement with any number of clubs, teams, associations,…
How to Avoid Capitalized Student Loan Interest
Interest is one of the most commonly misunderstood aspects of student loan repayment- and the concept of capitalized interest can be especially confusing. But you could potentially save yourself thousands of dollars over the repayment period of your student loans by knowing what capitalized interest is and how to avoid it. What is Capitalized Interest? Capitalized interest refers to a…
Why Women Carry More Student Loan Debt Than Men
College students in America are taking on more student loan debt than ever before. In fact, the American Association of University Women (AAUW) finds that “about 44 million borrowers in the United States holds about $1.46 trillion in student debt.” Of that debt, women account for about $929 billion—which is nearly two-thirds of the total student loan balance in the…
The Six Best College Majors For Job-Seekers
You don’t need to look further than biochemical engineering major Ashton Kutcher or licensed physician Ken Jeong to know that having a certain degree doesn’t always determine what you’ll spend your working life doing. But for many, a degree in a certain subject can set up the foundation for a potentially lucrative career. Starting salary alone isn’t always the best…
Student Loans for Pharmacy School: What You Need to Know
If you’re looking for a career in the health field that is both fulfilling and generally well-compensated, pursuing a pharmacy degree can be a great decision. According to PayScale.com, the current average salary for a graduate with a Doctor of Pharmacy (PharmD) degree is $121,000 per year. Jobs can range anywhere from a pharmacist, clinical pharmacist, or pharmacy director to…
How to Save Money During the Holidays
This winter doesn’t just mark the end of another year, but also the end of the decade. From ice-skating trips to huge family meals, cozy sweaters, and holiday parties, the upcoming holiday season is full of reasons to celebrate. Unfortunately, the cost of these holiday festivities can quickly add up, especially if you need to travel cross-country or are playing…
How This Mom Shaved 17 Years Off of Her Student Loans by Refinancing
Jean Provance’s refrigerator is decorated with the usual- magnets from her travels, family photos, and other memorabilia. But it also has a stack of Post-it notes stuck to it. The note at the top of the stack is labeled “70” and each subsequent note counts down to “0”. This, Jean explains, is her “student loan countdown”. Each month, she celebrates making…
Would You Pass a Financial Stress Test?
When was the last time you really took a close look at your finances? If it’s been a while, now might be a good time to reevaluate with a financial “stress test”. Generally, financial stress tests determine whether you’re financially secure enough to get through an emergency. Of course, no two people have exactly the same financial background and circumstances,…
How to Pay Off Your Student Loan Debt by Freelancing
Paying off student loan debt is an ongoing challenge for many people. Many find that it’s difficult to keep up with their monthly payments, especially if they aren’t able to find work in their chosen fields. If you’ve landed in this boat, you’re not alone! Many people go to college, only to discover that changing circumstances have made it difficult…