View Post

Should I Get a Cosigner on My Student Loan Refinance?

LendKey

In Featured General Student Loan Refinancing OptionsLendKey

If you’re carrying student loan debt, you’re clearly not alone. In fact, the average American with student loan debt graduates with more than $37,000 of debt. If you feel like you’re paying too much in monthly student loan payments, you may be considering refinancing your loan(s). Specifically, refinancing your student loans allows you to replace your existing student loans with a new loan, often at a lower interest rate and with more favorable terms. By refinancing, you may be able to lower your monthly payment and/or save money over the repayment period of your new loan. One thing to consider …

View Post

Paying Off Your Student Loans and Funding Your Child’s Education

LendKey

In College Planning & Financial Aid FeaturedLendKey

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. You want to help your child pay for their education, but at the same time, you need to get your own student loans paid off. How can you both pay off your own student loans and pay for your child’s …

View Post

Everything You Need to Know About Student Loan Scams

LendKey

In Featured Student Loan Refinancing OptionsLendKey

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 current students, as well as recent college graduates, financially insecure and vulnerable. Unfortunately, some people are trying to take advantage of that vulnerability by running student loan scams. Typically done over the phone or online, scammers prey on people’s desire …