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.
A Discussion with Jenna Bialik
For countless aspiring students, securing a student loan to pay for college tuition is necessary to bridge the gap when scholarships, grants and other sources of funding are not enough or not an option. Thankfully, there are a variety of different payment and refinancing routes to choose from. With so many courses of action to […]
Should I Accept My Student Loan Refund?
Possibly one of the biggest regrets many graduates with student loans have is how they spent their student loan refund. A student loan refund is the portion of the loan remaining after total costs (tuition, fees, etc.) have been deducted.1 The remaining balance is then refunded to the student in the form of a check, […]
Is it a Better Option to Refinance My Home or my Student Loans to Pay off Student Loan Debt?
Across 44 million people in the US, they hold a total of $1.3 trillion dollars in student loan debt. Borrowers everywhere are seeking answers to determine the best way to tackle student loan repayment. For graduates who also happen to be homeowners the questions is; is it in your best interest to refinance your home […]
Federal vs. Private Student Loan Refinancing: What You Need to Know
After graduation, many students look to consolidate their student loans. Loan consolidation essentially means combining multiple loans into just one loan. Generally, the two primary motivators for consolidation are lowering interest rates, and ultimately lowering payments (and in an ideal situation, achieving both). Typically, loan consolidation can occur in one of two ways: either […]
Deciphering Student Loan Refinance Rates
If you graduated from college sometime in the last decade, then chances are that you’re seriously burdened by student loan debt. Among all millennials, regardless of educational background, 42 percent have some student debt. For those who went to college, that shakes out to 66 percent of public university graduates and 75 percent among those […]
Credit Unions Becoming a More Popular Choice for Refinancing Student Loans
Today’s reality is that student loan debt is a big part of the average college graduate’s life. Seven out of 10 graduates accrue some form of student loan debt and carry an average balance of more than $35,000. One way to lessen the burden of debt is to consolidate or refinance your student loans. There […]
When should I Refinance My Student Loans?
When making any financial decision, timing is everything, and refinancing student loans is no different. There are several factors to this – some a student can control and others they cannot – that affect when they should refinance student loans. This includes the timing of graduation, interest rates, employment, and credit score. Taking each of […]
Student Loan Refinancing: What You Need to Know
Student loan refinancing has become a popular option for students looking to save money by swapping their federal student loan for a new, low-interest loan option. Though the concept is simple enough, there are a number of details students (and graduates) should look into before making the decision to refinance their loans. Below, we explore […]
How to Choose the Right College
Each year, students all across the country are faced with the arduous task of choosing a college that is the right fit for them. Whether you’re a high school senior researching colleges for the first time, or a nontraditional student returning to school after a long break, choosing where you want to go to college […]
Refinanced Loans Make for Better Budgets
Whether you’re just starting to look for a career after college, or you’ve spent years working a dream job, rethinking the way you’re paying off student loans can make a big difference to your budget. Refinancing student loans can help you manage your budget and make it easier to move forward with bigger, better goals […]
