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Deciphering Student Loan Refinance Rates

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In Loan Refinancing Personal Finance Resources StudentsLendKey

If you graduated from college sometime in the last decade, then chances are that you’re seriously burdened by student loan debt. Among all millennials, regardless of educational background, 42 percent have some student debt. For those who went to college, that shakes out to 66 percent of public university graduates and 75 percent among those who graduated from a private institution. All told, that comes out to over $1 trillion in student loan debt in the United States. For former students like you, paying down this debt is no easy task. In recent years, pay increases have failed to keep …

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When Should I Refinance My Student Loans?

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In Loan Refinancing Personal FinanceLendKey

When making any financial decision, timing is everything, and refinancing student loans is no different. There are several factors to this – some a student can control and others they cannot – that affect when they should refinance student loans. This includes the timing of graduation, interest rates, employment, and credit score. Taking each of these factors into account, you can make a good decision about the timing of refinancing student loans by asking yourself a few simple questions. How soon after graduation should I think about refinancing student loans? The answer to this question is: it depends. Some lenders …

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Student Loan Refinancing: What You Need to Know

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In Personal FinanceLendKey

Student loan refinancing has become a popular option for students looking to save money by swapping their federal student loan for a new, low-interest loan option. Though the concept is simple enough, there are a number of details students (and graduates) should look into before making the decision to refinance their loans. Below, we explore some of the most common questions students have about student loan refinancing. What is student loan refinancing? Student loan refinancing is a process students go through in an effort to obtain a new loan with an entirely new set of terms, rates, and fine print. …

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How to Prioritize Debt Reduction in Your Budget

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In Personal FinanceLendKey

Living with debt is never easy or ideal. However, most students come out of college with a significant amount of debt. This debt includes more than just student loans from various sources. It also includes money borrowed from family, credit card debt, and other loans they may have taken out to cover living expenses while attending college. Reducing this debt is a matter of building a sensible budget that includes a debt reduction plan. There are a few steps you should take to make debt reduction a priority in your budget. Prioritizing and Reducing Debt There are different kinds of …

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5 Things Every Commencement Speaker Should Say

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In Personal Finance Resources StudentsLendKeyLeave a Comment

Once again it’s college graduation season. Commencement speakers are being announced at a daily pace, many hailing from business and industry, government, health-care and entrepreneurial backgrounds. They all have a great deal to share in making memorable graduations for thousands of students each year. But as Adam Levin of Credit.com highlights in a new essay “5 Things Every Commencement Speaker Should Say”, speakers regularly fall back on famous quotes to carry the speech like Emerson’s “Hitch your wagon to a star” or the Dr. Seuss classic, “Be who you are and say what you feel, because those who mind don’t …

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5 Savvy Tips for Negotiating a Raise

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In Personal Finance Resources StudentsLendKey

When entering into negotiations for a raise there are a few key factors to always keep in mind. Consider your timing If a coworker was just laid off or your company is actively surveying suppliers to save money, this is not the time to ask for more money. However, if you’ve just brought in a new client or there are record-breaking profits on an account you’re working on, you might make your request. At the same time, ignore the calendar. Being at the job exactly one year, or even three long years, doesn’t guarantee you have merited a raise. You …