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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Can You Refinance Your Student Loans Multiple Times?
In recent years, student loan interest rates have varied, and currently, they’re at a relative low. This makes refinancing a more attractive option than ever, especially for those who have multiple loans with different interest rates. But, the prospect of refinancing your loans can seem intimidating, especially if you’ve already gone through the process once before. What happens if interest…
Is an Out-of-State School Worth it?
The choice of a college is a major one. It does not just affect the next four years of your life but will influence the many years yet to come. Many decisions go into finding out which school is right for you. One of the biggest decisions is whether to pick an in-state school close to home or an out-of-state…
Student Loan Process: When, How, Where
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. Federal student loan programs operate with broad rules and regulations, which can make the student loan process difficult….
What Is Cosigner Release on Private Student Loans?
If federal aid is not enough to cover to cost of educations, private student loans may be a good option. Private student loans can cover the remaining financial gap. Since most college students do not have well-established credit, a cosigner may be needed to get approved. Cosigning a private student loan can be a big undertaking, but there are some…
How College Housing Affects Cost of Attendance
Your college cost of attendance is dependent on how you indicate housing on the FAFSA. Also, did you know that the cost of attendance could increase or decrease if housing were to change? When completing the FASFA, if the student indicated they are an on-campus dorm student but later change to commuter status, their cost of attendance would be reduced….
What is Student Loan Refinancing?
What Is Student Loan Refinancing? Typically when you take out loans, it’s because you want to pay for something expensive. Whatever this item or service is, it costs so much that you can’t afford to pay for it with the cash you have on hand. So you take out a loan, which provides you with a sum of money that…
What Does the CARES Act Extension Mean for You?
On December 22, 2021, the Biden administration announced the CARES Act Extension adjustment. Borrowers who hold federal student loans will now be interest and payment-free until May 1st, 2022. The pause on federal student loan payments, also know as ‘the freeze’, has provided necessary relief to millions of student loan borrowers. Borrowers have been presented with opportunities to focus on…
Organizing and Maintaining Your Daily Finances
After high school, your personal daily finances become complex. Then, after college, they become even more complex. With each additional milestone in life, your personal finances become more challenging to deal with – simply because there is more and more “stuff” to keep track of. When you’re in high school, you might have a job and some spending money. This…
Staying the Course to Graduate College on Time
Plans can change. Whether it’s due to our own actions or circumstances beyond our control, getting off track is unsettling. If you hope to graduate college on time, plan now for alternative ways to complete the school year. While we should always hope for the best, it’s smart to stay flexible during uncertain times. Here are five tips to help you…
How to Balance College Life on a Budget
When students enter the world of higher education, they are faced with an abundance of opportunities to expand their social horizons. However, taking on too much can often lead to stress and a neglect for financial responsibility. It’s important to learn how to successfully balance your academic, work, and social life without feeling overwhelmed so you can stay on top…