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.
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 […]
How to Prioritize Debt Reduction in Your Budget
Living with debt is never easy or ideal. However, most students come out of college with a significant amount of debt. This debt includes more than just student loans from various sources. It also includes money borrowed from family, credit card debt, and other loans they may have taken out to cover living expenses while […]
3 Ways to Handle Student Loan Debt
3 Ways to Handle Student Loan Debt Seven in 10 seniors who graduated from public and nonprofit colleges in 2015 had student loan debt, with an average of $30,100 per borrower. The transition from college to the real world involves significant changes. Not only will you be embarking on your new career, you’ll need to […]
Affording College: What Are My Payment Options?
Affording College: What Are My Payment Options? The cost of attending college has risen drastically over the past two decades. Since 1995, tuition at public universities has risen by over 296 percent, out of state tuition is up 226 percent, and the cost of attending private universities has risen by 179 percent. The sharp increase […]
