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Credit Freeze – What, How, Why, and Other Things to Consider

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In Personal Finance ResourcesLendKey

Identity theft is one of the biggest concerns in the modern world – especially given the relatively recent high-profile breaches. If you have had your identity stolen, getting it back can be a nightmare. Even if you have not, then the fear of somebody racking up thousands of dollars of debt in your name can be paralyzing. Because of this, some experts are suggesting freezing your credit as an effective way to protect yourself from identity theft. What is freezing your credit? If you freeze your credit, you prevent anyone other than you and your existing creditors from accessing your …

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Should I Accept My Student Loan Refund?

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In Resources StudentsLendKey

Possibly one of the biggest regrets many graduates with student loans have is how they spent their student loan refund. A student loan refund is the portion of the loan remaining after total costs (tuition, fees, etc.) have been deducted.1 The remaining balance is then refunded to the student in the form of a check, usually at the start of a semester. Refund checks can be issued for thousands of dollars; and all too often, students feel this money is theirs to use as they please. The reality, of course, isn’t so sweet. Student loan refunds are not “free” money; …

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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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How to Choose the Right College

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In Resources StudentsLendKey

Each year, students all across the country are faced with the arduous task of choosing a college that is the right fit for them. Whether you’re a high school senior researching colleges for the first time, or a nontraditional student returning to school after a long break, choosing where you want to go to college is a highly personal and sometimes stressful decision. There’s a lot to consider when trying to find a college that’s a good fit. So how do you choose the school that’s the best fit for you? Below we highlight some of the most important considerations …

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Affording College: What Are My Payment Options?

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In Resources StudentsLendKey

Affording College: What Are My Payment Options? The cost of attending college has risen drastically over the past two decades. Since 1995, tuition at public universities has risen by over 296 percent, out of state tuition is up 226 percent, and the cost of attending private universities has risen by 179 percent. The sharp increase in college tuition has left students and their families wondering what the best option is when choosing a college. For a number of families, a student’s financial aid package may be the deciding factor in whether or not they pursue a college education. As such, …