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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Meet Alexis: Who Saved $50,000 By Refinancing Her Student Loans
A typical day for Alexis Kuhner involves tending to her full house of pets and enjoying life with her husband. You can find her reading, exploring the city, or researching their next travel destination. Alexis’s Journey Since graduating from the University of Scranton in 2016, she has assumed many roles in the financial industry and currently resides in Brampton, New…
Tips For an Incoming Freshman From a Soon-To-Be College Senior
College can be the best few years of your young adult life – I know they were for me. My name is Hattie Martin and I am a current junior at the University of Cincinnati. Let’s just say, I have been in your shoes before. This time can be exciting, scary, and every range of emotion in between. The transition…
So You Took A Gap Year After High School…Now What?
Up to 40% of students in 2020 are seriously considering a “gap year”, an extra year off between high school and college. There are many reasons one may choose this route, such as time to earn money for college, acquire new skills, or narrow down one’s career options. Once you’ve come close to wrapping up your time off, you may…
What is the Maximum Amount of Loans I Can Take On?
How can I pay for school? The maximum amount of loans to qualify for depends on your unique financial situation. As you start to apply for student loans, keep in mind that you should only borrow the money you actually need. Don’t get into debt over your head. Are you wondering about the maximum amount you could borrow? Curious about…
How Do I Fund Graduate School?
After graduating from college, continuing education through a graduate school is an excellent option for many. Perhaps you want to become more competitive in the job market, desire to explore a new field, or even move to a higher pay grade. Regardless of why you want to go to graduate school, the how can be decidedly more complicated. Is Graduate School Right for Me?…
How to Save Money During the Holidays
The holiday season is finally here! While the circumstances may look a bit different from years past, there are still plenty of reasons to celebrate. The cost of ice skating, gift shopping, and other holiday festivities can quickly add up if you do not keep your eye on them. As the dollar signs pile up, you may be left financially…
Creative Ways to Pay Off Your Student Loans
Are you feeling overwhelmed by student loan debt? You’re not alone. Fortunately, there are plenty of inventive ways to start freeing up extra cash that you can use to pay down those student loans. 1. Try Your Hand at Freelancing Everybody has a unique talent. What’s yours? Whether you’re a gifted artist or have more practical experience (such as mowing…
Top 10 Podcasts to Improve Your Financial Literacy
You’ve probably heard that money can’t buy happiness, but contrary to this popular belief, research shows that some may need specific amounts of money to feel happy and secure. In addition to earning enough, you also need to save for your future. A financial podcast is a great way o ensure you’re moving in the right direction and boosting your financial literacy. …
The Emotions of Student Loan Debt
Having student loan debt can be an emotional rollercoaster—and we’ve all been there. Right now, in the U.S., an estimated 45 million borrowers owe an estimated $1.6 trillion in student loan debt. This amount translates to an average of almost $33,000 per borrower. Let’s explore the kaleidoscope of emotions associated with student loan debt. Fear, Anxiety, and Denial As a student…
Independent vs. Dependent: How it Affects Your Student Loans
When filling out the Free Application for Federal Student Aid (FAFSA) for the first time, you may have several pressing questions. One of them is: are you an independent or dependent student? There’s no one-size-fits-all answer to this question, and your response can significantly impact how much federal financial aid you’ll be eligible to receive. Learn more about what goes…