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Tips For an Incoming Freshman From a Soon-To-Be College Senior

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In College Planning & Financial Aid TestimonialBroc Sleek

College can be the best few years of your young adult life – I know they were for me. My name is Hattie Martin and I am a current junior at the University of Cincinnati. Let’s just say, I have been in your shoes before. This time can be exciting, scary, and every range of emotion in between. The transition from high school to college can be challenging to some. Explore these tips I have learned to be valid for a smooth transition and introduction to the campus. 1. Prioritize Grades Over Extra-Curriculars  For most, the purpose of attending college …

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So You Took A Gap Year After High School…Now What?

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In College Planning & Financial AidBroc Sleek

Up to 40% of students in 2020 are seriously considering a “gap year”, an extra year off between high school and college. There are many reasons one may choose this route, such as time to earn money for college, acquire new skills, or narrow down one’s career options. Once you’ve come close to wrapping up your time off, you may wonder—now what? Uncover your next best steps after your gap year with these helpful tips and tricks. Step One: Check In On Your Finances For many, the gap year presents a chance to shore up one’s finances and help fund …

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What is the Maximum Amount of Loans I Can Take On?

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In College Planning & Financial Aid Managing MoneyBroc Sleek

How can I pay for school? The maximum amount of loans to qualify for depends on your unique financial situation. As you start to apply for student loans, keep in mind that you should only borrow the money you actually need. Don’t get into debt over your head. Are you wondering about the maximum amount you could borrow? Curious about how you can use student loans? Before you start planning, take a look at this overview. Federal Student Loan Limit Federal student loans are loans made to college students by the government, and they can be subsidized or unsubsidized. What …

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How Do I Fund Graduate School?

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In College Planning & Financial Aid General Getting a Student Loan Managing MoneyBroc Sleek

After graduating from college, continuing education through a graduate school is an excellent option for many. Perhaps you want to become more competitive in the job market, desire to explore a new field, or even move to a higher pay grade. Regardless of why you want to go to graduate school, the how can be decidedly more complicated. Is Graduate School Right for Me? There is no “one size fits all” answer to this question. While four-year degrees are satisfactory for many majors and careers, other fields may highly encourage or require grad school to achieve career goals, particularly in specific areas such as …

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Creative Ways to Pay Off Your Student Loans 

Broc Sleek

In College Planning & Financial AidBroc Sleek

Are you feeling overwhelmed by student loan debt? You’re not alone. Fortunately, there are plenty of inventive ways to start freeing up extra cash that you can use to pay down those student loans. 1. Try Your Hand at Freelancing Everybody has a unique talent. What’s yours? Whether you’re a gifted artist or have more practical experience (such as mowing lawns or cleaning houses), there’s probably a demand for your unique skills.  Freelancing is an excellent opportunity to brainstorm and get creative. If there’s something you’re good at and that you enjoy doing, all that’s left to do is find …

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Top 10 Podcasts to Improve Your Financial Literacy

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In College Planning & Financial AidBroc Sleek

You’ve probably heard that money can’t buy happiness, but contrary to this popular belief, research shows that some may need specific amounts of money to feel happy and secure. In addition to earning enough, you also need to save for your future. A financial podcast is a great way o ensure you’re moving in the right direction and boosting your financial literacy.  Financial literacy allows you to consume financial advice while multi-tasking during everyday tasks. One can turn on a podcast while driving to work, exercising, or even cooking dinner. Discussing financial topics may not always sound glamourous, but the information comes …

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The Emotions of Student Loan Debt

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In College Planning & Financial AidBroc Sleek

Having student loan debt can be an emotional rollercoaster—and we’ve all been there. Right now, in the U.S., an estimated 45 million borrowers owe an estimated $1.6 trillion in student loan debt. This amount translates to an average of almost $33,000 per borrower. Let’s explore the kaleidoscope of emotions associated with student loan debt.  Fear, Anxiety, and Denial As a student loan borrower, it is natural to have a little fear after realizing the financial responsibility you have taken on. When it comes to student loans, many possibilities may trigger this emotion. You may feel overwhelmed, as though you’re always worried …

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Independent vs. Dependent: How it Affects Your Student Loans

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In College Planning & Financial Aid Managing MoneyBroc Sleek

When filling out the Free Application for Federal Student Aid (FAFSA) for the first time, you may have several pressing questions. One of them is: are you an independent or dependent student? There’s no one-size-fits-all answer to this question, and your response can significantly impact how much federal financial aid you’ll be eligible to receive. Learn more about what goes into these classifications, how they can affect your assistance, and changing your status if it doesn’t accurately reflect your situation. What Difference Does Independent vs. Dependent Make?  The FAFSA uses a student’s dependency status to calculate how much aid the …

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How Student Loan Refinancing May Affect your Credit Score

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In College Planning & Financial AidBroc Sleek

From nearly the first day you graduate college, your inbox naturally begins to overflow with offers to assist in refinancing your student loans. Sometimes, refinancing is a great idea. You can potentially save thousands by refinancing a loan with a lower rate. However, there are more items to consider than just interest rates and monthly payments. Refinancing can affect your credit score in both minor and significant ways. By thoroughly knowing what to expect, you can make the right decisions for your wallet and maintaining good credit. Learn what to expect at every step of the way. Shopping for a …

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4 Reasons to Refinance Your Private Student Loans NOW!

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In College Planning & Financial AidBroc Sleek

The easiest way to keep more money in your bank account is to lower your bills. Just because it’s obvious doesn’t make it easy. Sure, trimming your cell phone bill is as simple as downgrading data plans. But reducing more massive bills, like loan payments, might only seem possible for your federal student loans. Private student loan lenders are unlikely to mirror the U.S. Department of Education’s action of suspending federal student loan payments and setting interest rates to 0% through December 31, 2020. Many private lenders offer another way to permanently reduce your monthly payments and save money long-term: refinancing.   When you …

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Maximizing Your Grace Period On Student Loans: Deep Dive

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In College Planning & Financial AidBroc Sleek

Graduating from college means many monumental changes, including taking on the responsibility of paying back the loans that have been taken out. Luckily, with most student loans, you have what is known as a grace period. The grace period is a duration of time where you are not yet required to make student loan payments. By maximizing your grace period, you can be better prepared to cover your loan payments in a way that works for you. These are the steps to take to make the most of it. How Does a Grace Period Work? For federal loans like subsidized …

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Top Tips for Online Success

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In College Planning & Financial AidBroc Sleek

With the world in the grip of a global pandemic, you are quickly finding that your school experience is different than you were anticipating. Extracurriculars and study abroad opportunities have been canceled. You may even have had classes that ended early last semester. And now, going back for the fall, you may only have the option of taking specific courses — if not your whole schedule — online. Online classes may be unfamiliar to you, but they’re an increasingly common option. Online learning is an area that has been growing for years and has been gaining traction even before social …