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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Federal Loan Consolidation vs. Private Student Loan Refinancing: What You Need to Know
After graduation, many students end up with several student loans from different lenders. Whether you have federal loans, private loans, or a mix of the two, multiple payments can be difficult to keep track of. This is why many people make the decision to consolidate their student loans, either through consolidation or through refinancing. Loan consolidation essentially means combining multiple…
Different Reasons to Refinance Student Loans
Student loan debt reached another all-time high in 2019 and many are looking into options to repay their debt. Student loan refinancing is one of the options that has become increasingly popular in recent years. But what is student loan refinancing? When you refinance your student loans, you pay off your existing student loan or loans with a brand new…
When To Consider Student Loan Refinancing
Student loan refinancing involves taking out a brand new student loan and using that new loan to pay off your existing loans. Some of its benefits can include the opportunity to release cosigners on your existing loans and obtain a lower interest rate. Â But how do you know when the right time is to refinance your student loans? Here are…
What is Student Loan Refinancing?
When you face an important expense that is too high to pay out of pocket, you may decide to take out a loan. Taking out a loan provides you with a sum of money that you need now to pay for your expenses. Your loan comes with monthly payments and an interest rate, which is the amount (expressed as a…
Student Loan Alternatives for Parents
Student Loan Alternatives for Parents Student loans for parents often come in two forms: private student loans taken out by parents on behalf of a student, or Parent PLUS Loans, a federal student loan that is available to some parents. However, no matter which kinds of parent-student loans you are considering to use to help pay for your child’s education,…
Should You Invest More into a Post-Graduate Education?
With the cost of education on the rise, every college student has to make some important financial decisions. Not only do you want to seek out scholarships to ease the financial burden, but you also need to decide how much debt you can handle for tuition and student living. Some students take a slower path to work their way through…
Paying Off Your Student Loans and Funding Your Child’s Education
As a parent, you may not have taken a traditional path to education. You may have chosen to go back and get a new degree later in life, or you might not have started school until after your children were born. In some cases, you may simply still be paying off your student loans as your children prepare for college….
Parent PLUS Loans and Other Student Loans for Parents
One of the biggest things on your mind as a parent is probably supporting your child through college. A potential way to do this is by using college savings accounts to save money for tuition, textbooks, and other education-related expenses. However, savings accounts are only useful if you have time to plan ahead for your child’s college education, and enough…
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…