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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 or
consolidating your loans, but fixed rate loans are available.

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Is Taking a Gap Year This Fall a Good Idea?

The reality of COVID-19 has college students across the country planning to skip the upcoming school year, with some citing worry over personal finances and concern over online classes. Many students and their families lost income amid the pandemic, making it tougher to pay tuition and other educational expenses. And while college administrators are planning reboots that reduce the potential…

Beware of These 5 Private Student Loan Myths

If you hope to earn higher wages in an entry-level position, completing your college degree is key. U.S. Bureau of Labor Statistics data suggests that when education levels increase, so do potential earnings. For example, entry-level positions that only require a high school diploma or equivalent pay a median annual wage of $37,930. Jobs requiring a bachelor’s degree were nearly…

How to Manage Student Loan Debt in School

With student loans, you commonly aren’t expected to begin paying back the money you borrowed until after you graduate. This makes sense because the idea is that you’ll hopefully have a full-time job with a steady income after you finish school. In reality, it’s never too early to begin managing your student loan debt. Rather than borrowing aimlessly and worrying about it…

Federal vs. Private Student Loans: 4 Key Differences

It’s the words high school seniors around the country anxiously wait months to read: “Congratulations! We are pleased to offer you admission to…” Whether received via U.S. Mail or email, these words of college acceptance can be life-changing for both you and your student. While your recent high school graduate eagerly prepares for their first year at their dream college,…

What is Student Loan Forbearance?

Student loan forbearance is a loan repayment option made available to borrowers having difficulty making their regularly scheduled loan payments. Forbearance generally allows for the borrower to reduce the payment amount due or to suspend payments on a loan until a future date. Forbearance is typically requested when a borrower is facing financial difficulty. Most commonly, this is a result…

Community College and Student Loans: What you Need to Know

A community college can be a great place to earn transferrable credits at a significantly lower cost than at many four-year colleges or universities. According to the Community College Research Center, about 34% of undergraduate students in 2017 attended two-year colleges—and for a good reason. Community colleges offer associate degree programs, allowing students to fast-track their way into fulfilling and rewarding careers in…

Savings Accounts: What’s Right for You

A savings account is an opportunity to safely tuck money away that you don’t need for routine and daily purchases. They allow you to save money for the future, whether that’s saving for college, a house, a car, or a vacation. The longer you save, the better that’s because a majority of savings accounts earn interest, which means their value…

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