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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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…
Is an Out of State School Worth it?
The choice of a college is a major one. It does not just affect the next four years of your life but will influence the many years yet to come. Many decisions go into finding out which school is right for you. One of the biggest decisions is whether to pick an in-state school close to home or an out-of-state…
Federal vs. Private Student Loans: 4 Key Differences
It’s the words high school seniors around the country anxiously wait months to read: “Congratulations! We are pleased to offer you admission to…” Whether received via U.S. Mail or email, these words of college acceptance can be life-changing for both you and your student. While your recent high school graduate eagerly prepares for their first year at their dream college,…
6 Everyday Expenses That Can Sneak Up on You
Do you ever feel like you’re watching your budget and have everything figured out, only to be hit with a surprise auto repair or medical bill? Whether you’re dealing with seasonal expenses, lifestyle creep, or emergencies, unexpected costs can often set you back for months. Which everyday expenses are most likely to catch you unprepared, and what can you do…
What is Student Loan Forbearance?
Student loan forbearance is a loan repayment option made available to borrowers having difficulty making their regularly scheduled loan payments. Forbearance generally allows for the borrower to reduce the payment amount due or to suspend payments on a loan until a future date. Forbearance is typically requested when a borrower is facing financial difficulty. Most commonly, this is a result…
Community College and Student Loans: What you Need to Know
A community college can be a great place to earn transferrable credits at a significantly lower cost than at many four-year colleges or universities. According to the Community College Research Center, about 34% of undergraduate students in 2017 attended two-year colleges—and for a good reason. Community colleges offer associate degree programs, allowing students to fast-track their way into fulfilling and rewarding careers in…
Savings Accounts: What’s Right for You
A savings account is an opportunity to safely tuck money away that you don’t need for routine and daily purchases. They allow you to save money for the future, whether that’s saving for college, a house, a car, or a vacation. The longer you save, the better that’s because a majority of savings accounts earn interest, which means their value…