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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Student Loan Benefits for Veterans
The U.S. Department of Veterans Affairs and many private organizations offer education benefits and assistance to veterans and their families. In fact, 25 percent of those benefitting from VAs education programs are non-Veterans. Below is an overview of these benefits. Keep in mind that many colleges and universities also have dedicated resources on campus to assist Veteran students in understanding…
Repaying Student Loans While Unemployed
How to Handle Your Student Loans When You’re Unemployed Many recent college graduates have found themselves in an unforgiving position. Student loan debt is higher than in any past decade, yet wages for many of the jobs that these graduates are applying for are stagnant. To put it another way, college graduates are paying more than ever for their degrees,…
Are Private Student Loans the Best Option for You?
For many of today’s students, student loans are the only effective way to get the education you want. You want to get the best possible start in life and ensure that you have the skills and education necessary to jump into the workforce and reach your career goals–and as college tuition prices continue to rise, student loans may be your…
Refinance Student Loans Through a Credit Union and Better Manage Debt
Student loans are one of the heaviest debt burdens carried by many millennials–not to mention the generations that come after them. Attending college is a high-cost endeavor, and while that cost will help many individuals reach their full job potential and earn a higher income than they could have otherwise, it also means that they’re carrying a heavy debt load. Consider:…
How to Start a Small Business When You have Student Loan Debt
Millennials may very well be the “small business” generation. Approximately 30 percent of millennials have already started a small business of their own, compared to 19 percent of baby boomers and 22 percent of generation X. This generation has a can-do attitude and they are strongly attracted to the individualistic nature of small businesses. Unfortunately, millennials are also a generation…
The History of Student Loans
Today, student loans are an integral part of the college experience. With the rising cost of college, fewer and fewer students are able to afford tuition expenses alongside room and board and textbooks all on their own. Instead, 70 percent of college students are graduating with student loan debt in 2018. However, this hasn’t always been the financial landscape of…
When to Apply for Student Loans: How to Get Student Loans at Any Time
Student loans have started to become the backbone of the modern education system. Now that college has become more expensive, it’s difficult for students without substantial parental support (or large college savings accounts) to afford an education without drawing on student loans. Student loans have made college affordable for many, but federal student loan programs operate with broad rules and…
Can You Get Student Loans With Bad Credit?
Your credit score can make or break your ability to be approved for many types of loans. It can affect the interest rates that lenders are willing to offer you, the repayment periods that are available, and even the total amount of money you may be lent. However, since college costs so much, many current and prospective college students are…
Beginning Your Student Loan Application: A Guide for High School Students
It’s never too early to start preparing for college. In fact, if you’re in your junior or senior year of high school, then you’ve probably already begun preparing for college by doing things like taking the SAT, working hard to keep up your GPA, and sending in applications to the colleges of your choice. These are all important things to…
How To Get Student Loan Forgiveness
A 2017 Federal Reverse report found that 42 percent of Americans who went to college ended up taking on some kind of debt, such as student loans, in order to pay for their education. For many of these Americans — many of whom owe $28,400 or more — not much would be better than to have all of that debt…