For many of today’s students, student loans are the only effective way to get the education you want. You want to get the best possible start in life and ensure that you have the skills and education necessary to jump into the workforce and reach your career goals–and as college tuition prices continue to rise, student loans may be your best avenue for getting there. Before you jump in with student loans, however, it’s important to consider whether federal or private student loans are the right choice for you. What is a Private Student Loan? When most people think of …
How to Start a Small Business When You have Student Loan Debt
LendKeyMillennials may very well be the “small business” generation. Approximately 30 percent of millennials have already started a small business of their own, compared to 19 percent of baby boomers and 22 percent of generation X. This generation has a can-do attitude and they are strongly attracted to the individualistic nature of small businesses. Unfortunately, millennials are also a generation defined by student loan debt. Approximately 42 percent of millennials have reported that they, or someone in their household, has student loan debt in their name. This makes the millennial generation something of a paradox: these young people are go-getters …
The History of Student Loans
LendKeyToday, student loans are an integral part of the college experience. With the rising cost of college, fewer and fewer students are able to afford tuition expenses alongside room and board and textbooks all on their own. Instead, 70 percent of college students are graduating with student loan debt in 2018. However, this hasn’t always been the financial landscape of education. In the past, there were fewer students with student loan debt, and college was generally cheaper than it is today. However, access to college was more limited by a student’s available finances. Early Student Loan Legislation: The GI Bill …
How To Get Student Loan Forgiveness
LendKeyA 2017 Federal Reverse report found that 42 percent of Americans who went to college ended up taking on some kind of debt, such as student loans, in order to pay for their education. For many of these Americans — many of whom owe $28,400 or more — not much would be better than to have all of that debt forgiven. The good news is that many people can get student loan debt forgiven. There are a number of federal programs and other methods for student loan forgiveness. Depending on which method you pursue, you might either end up having …
Behind the Curtain: Generation Z Students in College
LendKeyThe more we change, the more we stay the same. Countless research has been devoted to understanding how various generations interact with and between each other, how their surroundings influence their behavior, and how their expectations get shaped over time. That is especially true for colleges and universities, which continue to act as the guidepost of education and development into adulthood. Some of these findings are fascinating, and all are immensely valuable. We’re currently seeing the first students of Generation Z enter college, and potentially change the way we think about higher education. And yet, some remarkable parallels to Millennials …
5 Reasons to Refinance Your Parent PLUS Student Loan
LendKeyMany parents choose to take out Parent PLUS Loans to help their child or children afford the cost of college. While they may not be able to pay the full expense of college up front, they still want to help their children avoid the weight of debt that goes along with taking out student loans. In many cases, however, you may find that you eventually want to refinance your Parent PLUS Loans–and there are several reasons why this could be one of the best financial decisions you make. What Is a Parent PLUS Loan? A Parent PLUS Loan is a loan …