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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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…
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…