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 Student Loan Refinancing May Affect your Credit Score
From nearly the first day you graduate college, your inbox naturally begins to overflow with offers to assist in refinancing your student loans. Sometimes, refinancing is a great idea. You can potentially save thousands by refinancing a loan with a lower rate. However, there are more items to consider than just interest rates and monthly payments. Refinancing can affect your…
4 Reasons to Refinance Your Private Student Loans NOW!
The easiest way to keep more money in your bank account is to lower your bills. Just because it’s obvious doesn’t make it easy. Sure, trimming your cell phone bill is as simple as downgrading data plans. But reducing more massive bills, like loan payments, might only seem possible for your federal student loans. Private student loan lenders are unlikely to…
Maximizing Your Grace Period On Student Loans: Deep Dive
Graduating from college means many monumental changes, including taking on the responsibility of paying back the loans that have been taken out. Luckily, with most student loans, you have what is known as a grace period. The grace period is a duration of time where you are not yet required to make student loan payments. By maximizing your grace period,…
Top Tips for Online Success
With the world in the grip of a global pandemic, you are quickly finding that your school experience is different than you were anticipating. Extracurriculars and study abroad opportunities have been canceled. You may even have had classes that ended early last semester. And now, going back for the fall, you may only have the option of taking specific courses…
Staying the Course to Graduate on Time
Plans change. Whether due to our own actions or circumstances beyond our control, getting off track is unsettling. Thanks to COVID-19, this academic year has already been turned on its head. Some U.S. high schools re-opened their physical doors for a few days, only to close them again or at least require affected students to quarantine for several weeks. And…
The Financial Aid Office: How they can Help and What to Ask
Although college can be expensive, financial assistance is available and could greatly reduce the cost of pursuing higher education. Did you know that 85% of college students in the United States receive financial aid? As many students flock to their financial aid office every year to be a part of that 85%, some may find themselves not knowing what questions to…
Is Graduate School Worth It?
In today’s competitive job market, a graduate degree can almost be seen as a necessity. But is it worth it? In some fields, it’s necessary for more senior positions. In others, it can help you to stand out from the competition. For example, certain careers in fields such as law and psychology may require a grad degree. To decide whether…
Is Taking a Gap Year This Fall a Good Idea?
The reality of COVID-19 has college students across the country planning to skip the upcoming school year, with some citing worry over personal finances and concern over online classes. Many students and their families lost income amid the pandemic, making it tougher to pay tuition and other educational expenses. And while college administrators are planning reboots that reduce the potential…
Beware of These 5 Private Student Loan Myths
If you hope to earn higher wages in an entry-level position, completing your college degree is key. U.S. Bureau of Labor Statistics data suggests that when education levels increase, so do potential earnings. For example, entry-level positions that only require a high school diploma or equivalent pay a median annual wage of $37,930. Jobs requiring a bachelor’s degree were nearly…
How to Manage Student Loan Debt in School
With student loans, you commonly aren’t expected to begin paying back the money you borrowed until after you graduate. This makes sense because the idea is that you’ll hopefully have a full-time job with a steady income after you finish school. In reality, it’s never too early to begin managing your student loan debt. Rather than borrowing aimlessly and worrying about it…