View Post

Are Private Student Loans the Best Option for You?

LendKey

In General StudentsLendKey

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 …

View Post

Refinance Student Loans Through a Credit Union and Better Manage Debt

LendKey

In Loan Refinancing StudentsLendKey

Student loans are one of the heaviest debt burdens carried by many millennials–not to mention the generations that come after them. Attending college is a high-cost endeavor, and while that cost will help many individuals reach their full job potential and earn a higher income than they could have otherwise, it also means that they’re carrying a heavy debt load. Consider: 70% of college students graduate carrying a significant student loan debt load The average Class of 2016 graduate carried more than $37,000 in student loan debt–a number that continues to rise for future classes 11.5% of student loan borrowers have to default on those …

View Post

When to Apply for Student Loans: How to Get Student Loans at Any Time

LendKey

In StudentsLendKey

Student loans have started to become the backbone of the modern education system. Now that college has become more expensive, it’s difficult for students without substantial parental support (or large college savings accounts) to afford an education without drawing on student loans. Student loans have made college affordable for many, but federal student loan programs operate with broad rules and regulations. These programs don’t always fit every student, leaving many people who want to pursue a college education needing to find other options. Student Loans Basics There are two types of student loans: federal and private. Federal student loans are …

View Post

Can You Get Student Loans With Bad Credit?

LendKey

In StudentsLendKey

Your credit score can make or break your ability to be approved for many types of loans. It can affect the interest rates that lenders are willing to offer you, the repayment periods that are available, and even the total amount of money you may be lent. However, since college costs so much, many current and prospective college students are wondering: Can you get student loans with bad credit? The answer is that it depends on the kind of loan. Some student loans are available without a credit check, but others do require a credit check and judge your loan …

View Post

Beginning Your Student Loan Application: A Guide for High School Students

LendKey

In StudentsLendKey

It’s never too early to start preparing for college. In fact, if you’re in your junior or senior year of high school, then you’ve probably already begun preparing for college by doing things like taking the SAT, working hard to keep up your GPA, and sending in applications to the colleges of your choice. These are all important things to do when it comes to getting ready for college, but while you’re still in high school, determining how you’ll pay for college needs to be a priority as well. Now that college costs so much, it’s more important than ever …

View Post

How To Get Student Loan Forgiveness

LendKey

In General StudentsLendKey

A 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 …