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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4 Questions to Ask Before Declaring a College Major
Getting into college was only the beginning of your higher education journey. If your sophomore year is coming up or about to end, it might be time to seriously consider committing to a degree plan. The sooner you declare a major, the sooner you can graduate and work in your desired field. Many college students declare a major too early…
5 Money Saving Strategies for Students: College to Career
Looking toward what comes after college can be quite daunting. That transition from college to career causes major culture shock for many students. This is due to the fact that college can become its own little universe, not much of the world can touch you. However, when you venture out into adult life, your financial responsibilities can be overwhelming. You…
10 Common Private Student Loan Application Mistakes to Avoid
Private student loans offer a solution for many students who’ve exhausted their savings and federal aid eligibility. These loans provide an alternative source of funds that can be used to pay for tuition, books, fees, supplies and housing. Before you submit your private student loan application, it’s important to take the time to understand common application mistakes. Private Student…
Federal vs. Private Student Loans
At last, the college admissions process is over. You’ve filled out your FAFSA, chosen your school, and gathered your scholarships. If you’re like most students, scholarships, savings and financial aid probably don’t cover the entire cost of your education. Aside from tuition, there’s room and board, living expenses, textbooks – the list goes on. One option is to supplement your…
The 10 Best Ways to Save Money in College
College can be an enjoyable time for many students, and it can also be accompanied by financial stress. So, keeping track of your finances should be a priority early on. Don’t worry; it is entirely possible to have a great college experience without breaking the bank. You might even be able to build up some savings to help you repay…
How Do I Get My Student Loan Refund Check?
A student’s journey through college comes with a lot of expenses. That’s why students can access refund checks to pay for some expenses. As a result, having a loan refund check becomes very important for many students as the semester begins. Here are some important factors you should know about regarding a student loan refund check. What is a refund…
8 Unusual Sources for College Scholarships
It’s no secret that scholarships and grants can help reduce the need to take out loans to pay for college expenses. What remains a mystery is where to quickly find this “free money” when you’re already in school and preoccupied with attending classes, studying, extra-curriculars — and sleep. Since you can’t spend all your time searching for ways to pay…
5 Steps to Take After Your Student Loans Are Paid in Full
Launch the confetti cannons and blow the party horns — you’ve paid off your student loans! You’ve accomplished a task that may have been 10 or more years in the making. With the average monthly student loan payment hovering close to $400, your last payment likely freed up significant room in your budget. But before you blow those extra funds…
Student Loan Debt & Homeownership: Can They Coexist?
Despite your confidence in your ability to complete a home loan application, you might doubt your ability to actually become a homeowner. This doubt rears its ugly head at the same time each month — the day you make your monthly student loan payment. That hefty monthly payment is already putting a squeeze on your finances, and adding another large…
7 Secrets of Graduating with Less Student Loan Debt
If you’ve accepted your college’s financial student aid package (grants and work-study only) and submitted dozens of scholarship applications to avoid taking out student loans, you may still be shocked when your tuition bill arrives with a balance due. Sadly, you might even feel like it’s your destiny to join the 44.7 million Americans who are struggling to repay student…