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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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…
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,…
6 Everyday Expenses That Can Sneak Up on You
Do you ever feel like you’re watching your budget and have everything figured out, only to be hit with a surprise auto repair or medical bill? Whether you’re dealing with seasonal expenses, lifestyle creep, or emergencies, unexpected costs can often set you back for months. Which everyday expenses are most likely to catch you unprepared, and what can you do…
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…
How to Build Credit as a Student
Looking for ways to start building your credit at a young age? If so, you’re already ahead of the game. Getting started on the right foot financially can potentially make things a lot easier for you down the road. Generally, people with established credit have an easier time getting approved for loans. This can be anything from a car loan…
What You Need to Know About the EFC
Whether you’re a high school student starting to apply for college or a parent worried about how to pay for it all; Understanding the expected family contribution (EFC) can help you feel better prepared. Learn how the EFC is calculated, what it means for you, and what you can do to ensure that your college experience is as cost-effective as…
Managing Student Loan Debt During COVID-19
Breathe in. Breathe out. We know there is a lot of uncertainty as the world faces the challenges and realities of COVID-19. While many of us are working remotely or facing job uncertainty, transferring our schooling online, and putting many aspects of our life on hold, the reality is that not everything can come to a full stop. Student loan…
The Top 5 Benefits of Extracurricular Activities
If you’re looking to learn about the benefits of extracurricular activities, you probably already know how valuable they can be. But what exactly are extracurricular activities, and just how important are they? “Extracurricular activities” refer to any regular activities that you commit to outside of the regular school curriculum. This can mean involvement with any number of clubs, teams, associations,…