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Meet Alexis: Who Saved $50,000 By Refinancing Her Student Loans

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In Managing Money Student Loan Refinancing Options TestimonialBroc Sleek

A typical day for Alexis Kuhner involves tending to her full house of pets and enjoying life with her husband. You can find her reading, exploring the city, or researching their next travel destination. Alexis’s Journey Since graduating from the University of Scranton in 2016, she has assumed many roles in the financial industry and currently resides in Brampton, New York. “I never thought that I would be interested in the accounting role that I currently hold,” says Alexis, “I love it, and it keeps me on my toes.” A native to Philadelphia, Alexis holds a Bachelor of Business Administration. …

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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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How to Save Money During the Holidays

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In Managing MoneyBroc Sleek

The holiday season is finally here! While the circumstances may look a bit different from years past, there are still plenty of reasons to celebrate. The cost of ice skating, gift shopping, and other holiday festivities can quickly add up if you do not keep your eye on them. As the dollar signs pile up, you may be left financially scrambling during the early months of 2021. Want to get the most bang for your buck this holiday season? Let’s explore some helpful tips and tricks.  Prepare a Holiday Budget The first step in any money-saving venture involves making a …

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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 to Manage Student Loan Debt in School

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In College Planning & Financial Aid General Managing MoneyLendKey

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 after you graduate, having a game plan for managing (and even beginning to repay) debt while you’re in school can work to your advantage. Not sure where to start? We’ve got some practical tips for understanding the loans you’re taking …

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6 Everyday Expenses That Can Sneak Up on You

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In General Managing Money Student Loan Refinancing OptionsLendKey

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 to fit these costs into your budget? 1. Subscription Services While subscription services and memberships can provide an inexpensive source of entertainment, too many $10 or $20 monthly subscriptions can add up, especially nowadays. From gym memberships to music streaming …

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Savings Accounts: What’s Right for You

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In General Managing MoneyLendKey

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 grows as long as there are funds in them. It’s quite different from a checking account. But what is it, and why is it so valuable to you? What Is a Savings Account? Unlike checking accounts that are designed to …

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How to Build Credit as a Student

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In General Managing MoneyLendKey

Looking for ways to start building your credit at a young age? If so, you’re already ahead of the game. Getting started on the right foot financially can potentially make things a lot easier for you down the road. Generally, people with established credit have an easier time getting approved for loans. This can be anything from a car loan or student loan to a mortgage, or even a business loan. An excellent credit score can also help you secure a low-interest rate, which allows you to save money over time. What is a credit score, anyway? In simplest terms, …

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Managing Student Loan Debt During COVID-19

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In Managing MoneyLendKey

Breathe in. Breathe out. We know there is a lot of uncertainty as the world faces the challenges and realities of COVID-19. While many of us are working remotely or facing job uncertainty, transferring our schooling online, and putting many aspects of our life on hold, the reality is that not everything can come to a full stop. Student loan debt reached another all-time high back in 2019 and many graduates are looking into options to repay their debt. On top of the various repayment options available to borrowers, the government has been announcing new, short term but open-ended policies …

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The Six Best College Majors For Job-Seekers

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In General Managing MoneyLendKey

You don’t need to look further than biochemical engineering major Ashton Kutcher or licensed physician Ken Jeong to know that having a certain degree doesn’t always determine what you’ll spend your working life doing. But for many, a degree in a certain subject can set up the foundation for a potentially lucrative career. Starting salary alone isn’t always the best way to evaluate a college major. Other factors like market demand, flexibility and benefits, projected growth, and your skills and aptitudes can all work together to point you toward a specific major. Learn more about a few of the most …

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Would You Pass a Financial Stress Test?

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In Managing MoneyLendKey

When was the last time you really took a close look at your finances? If it’s been a while, now might be a good time to reevaluate with a financial “stress test”. Generally, financial stress tests determine whether you’re financially secure enough to get through an emergency. Of course, no two people have exactly the same financial background and circumstances, so there’s no “one-size-fits-all” method. Still, there are some general ways to assess and evaluate your financial health. No matter what your situation, there are likely changes you can make to increase your financial security and enjoy greater peace of …