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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Why Am I Getting So Many Credit Card Offers?
As soon as you turned eighteen, it seemed like credit card offers started flooding your mailbox. Offers appeared even if you did not apply for a credit card. Do you find yourself dropping multiple credit card offers, many of them pre-approved, into the shred pile? Are you tired of dealing with the letters–not to mention all the wasted paper that…
Things to Consider When Exploring Private Student Loans
If you need to borrow money to afford college, you’re not alone. Today, more than 44 million people in the United States hold some form of student loan debt, and the total student loan debt balance nationwide hovers around $1.5 trillion. The good news? There are plenty of student loan options available, so you can find the one that best…
Student Loans for Graduate School
After graduating from college, many people choose to continue their education through a graduate program. Some do it to become more competitive in the job market. Others go to graduate school as a result of a change in their personal interests or situation and use it as a way to break into a new field. Some are hoping to use…
Funding Your Study Abroad Experience: What You Need to Know
No matter what your program of study is, spending a semester or more studying abroad can be an incredible and enriching experience. Specifically, a study abroad experience can give you a unique opportunity to see the world. You’ll immerse yourself in a new culture that might change your worldview as you learn about a different country both inside and outside…
Your Guide to Covering College Living Expenses
From registering for classes to taking out student loans to covering your tuition, preparing for college is quite a process. Unfortunately, many college students overlook the importance of planning for day-to-day living expenses, which can put them in a tricky financial situation when the academic year kicks off. While tuition, room, and board will likely be your biggest expenses throughout…
When to Apply for Student Loans
In 2018, about 69% of all college students took out some type of student loan. This statistic, which includes both private loans and federal student loans, demonstrates how much students rely on this type of financial assistance to attend college. But student loans don’t automatically appear, even if you’re more than qualified to receive them. Finding and applying for student…
Variable vs. Fixed Student Loan Rates
Taking out student loans for the first time can be overwhelming, especially when you receive loads of advice from every direction about interest rates, lenders, and loan terms. We can help you break down interest rates quickly so that you can get back to enjoying your last summer before college. What is an Interest Rate? When you take out any…
Why Use a Cosigner for Your Student Loan?
Often, students need cosigners in order to qualify for a student loan or student loan refinance. This is because many students don’t have an extensive credit history of their own. The other person cosigns the loan application so that the lender will consider their credit and income as well as yours. There are many benefits to using this strategy if…
Mixing Federal and Private Student Loans
The cost of college has increased dramatically since the days your parents attended college. It’s not uncommon to need a bit of help financing it. At this point, you’ve applied for scholarships and grants, and have pooled your savings. You may have gone as far as to take out federal student loans. And what if you still can’t finance the…
Federal vs. Private Student Loans
At last, the college admissions process is over. You’ve filled out your FAFSA, chosen your school, and gathered your scholarships. If you’re like most students, scholarships, savings, and financial aid probably don’t cover the entire cost of your education. Aside from tuition, there’s room and board, living expenses, textbooks – the list goes on. One option is to supplement your…