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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How to Save for College — Types of College Savings Accounts
If you’re a parent who is trying to save money for your child’s college education, then you’ve probably heard about college savings accounts. A college savings account is an account that you can deposit money into to be drawn on later when it’s time to pay for tuition, textbooks, housing, or any of the other eligible expenses that come with…
Everything You Need to Know About Student Loan Scams
As the cost of attending college has increased, so has the amount of debt that students take on to finance their education. In fact, it’s starting to reach astronomical levels. According to the Federal Reserve, the amount of outstanding student loan debt reached $1.56 trillion as of the third quarter of 2018. This staggering amount of debt leaves prospective and…
How Much Should Parents Save for College?
As a parent, you want to ensure that your children will have the best future that they possibly can. That means setting them up for success and making sure that they’re able to go to college and graduate without worrying about the finances behind it. Unfortunately, college costs a lot of money. It’s no longer feasible for someone to pay…
What’s the Difference Between Federal and Private Student Loan Consolidation?
As student loan debt continues to grow, so do the number of students and graduates seeking ways to make their debts more manageable. The average cost of tuition alone for one year at a four-year in-state university is over $10,000, up from $3,100 in the late 1980s. Though each student’s circumstances are unique, some students may have to take out…
Financial Aid for a Second Bachelor’s Degree — Getting Student Loans When You Return to School
With wage stagnation in the short-term and concerns about automation in the long-term, many American workers are starting to think about heading back to college for a second degree. Getting a second bachelor’s degree can have its benefits — it’s a chance for people to change their career, gain additional skills, and hopefully, find their way into a job that…
Student Loan Benefits for Veterans
The U.S. Department of Veterans Affairs and many private organizations offer education benefits and assistance to veterans and their families. In fact, 25 percent of those benefitting from VAs education programs are non-Veterans. Below is an overview of these benefits. Keep in mind that many colleges and universities also have dedicated resources on campus to assist Veteran students in understanding…
Repaying Student Loans While Unemployed
How to Handle Your Student Loans When You’re Unemployed Many recent college graduates have found themselves in an unforgiving position. Student loan debt is higher than in any past decade, yet wages for many of the jobs that these graduates are applying for are stagnant. To put it another way, college graduates are paying more than ever for their degrees,…
Are Private Student Loans the Best Option for You?
For many of today’s students, student loans are the only effective way to get the education you want. You want to get the best possible start in life and ensure that you have the skills and education necessary to jump into the workforce and reach your career goals–and as college tuition prices continue to rise, student loans may be your…
Refinance Student Loans Through a Credit Union and Better Manage Debt
Student loans are one of the heaviest debt burdens carried by many millennials–not to mention the generations that come after them. Attending college is a high-cost endeavor, and while that cost will help many individuals reach their full job potential and earn a higher income than they could have otherwise, it also means that they’re carrying a heavy debt load. Consider:…
How to Start a Small Business When You have Student Loan Debt
Millennials may very well be the “small business” generation. Approximately 30 percent of millennials have already started a small business of their own, compared to 19 percent of baby boomers and 22 percent of generation X. This generation has a can-do attitude and they are strongly attracted to the individualistic nature of small businesses. Unfortunately, millennials are also a generation…