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Student Loan Refinancing: Variable vs
Fixed Rate

When student loan borrowers are looking to refinance student loans, they typically come across two options: a fixed rate
student loan and a variable rate student loan. Variable rate student loans are the most common when refinancing or
consolidating your loans, but fixed rate loans are available.

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A Guide to Budgeting for Recent Graduates

A Guide to Budgeting for Recent GraduatesLendKey1:58 pm

Graduating college is a major milestone. Finally, you can expect to have no more classes, no more homework or tests, and no more all-nighters (hopefully)! But with this newfound freedom comes a new series of responsibilities. For one, your student loans are looming over the horizon, and you’ll need to start budgeting for monthly payments. Additionally, many other aspects of…

How to Save Money When You Have Student Loan Debt

How to Save Money When You Have Student Loan DebtLendKey1:54 pm

3 Tips for Short-Term Savings When You Have Student Loan Debt Are you having trouble setting money aside from every paycheck? You’re not alone. About 61 percent of people say they don’t have enough money saved up for six months’ worth of expenses. Moreover, 49 percent of Americans are even worse off—they’re not able to set anything aside for their…

Spending and Saving on a Recent Graduate’s Budget

Spending and Saving on a Recent Graduate’s BudgetLendKey1:51 pm

What Overspending Now Means for Your Future Wallet Student loan debt in the United States is estimated to total $1.4 trillion. It’s rare that you can exit those ivy-clad halls with a diploma in hand without also carrying an invoice for tens of thousands of dollars. Student loans are taken out with the expectation that the return on your investment…

Buying A House with Student Loan Debt: Things to Consider

Buying A House with Student Loan Debt: Things to ConsiderLendKey1:41 pm

When Can I Buy a House If I Have Student Loans? There are many reasons that millennials find owning a home appealing. In fact, a recent survey found that 33 percent of millennial home buyers’ decision to buy a home was driven chiefly by their dog.1 Dogs outranked marriage as well as the birth of a child as top motivators…

How Does Student Loan Interest Work?

How Does Student Loan Interest Work?LendKey1:38 pm

How Student Loan Interest Works The basics of student loans are pretty straightforward. A lender (usually the federal government) gives you a certain amount of money to help pay for college. Once you’ve graduated and you start your career, you pay that money back. However, student loans, like most other loans, generate interest on top of what was borrowed. Because…

Getting Student Loans Without a Cosigner

Getting Student Loans Without a CosignerLendKey1:35 pm

How You Can Get Student Loans Without a Cosigner Lending institutions are a business and, like any business, they want to control the risk that they take on with borrowers. One way that lenders avoid risk is by only lending to borrowers who have high credit scores and an established credit history. However, many students are just beginning to build…

How Student Loan Refinancing Works

How Student Loan Refinancing WorksLendKey1:33 pm

How Does Student Loan Refinancing Work? When you take out a student loan, whether it’s from the Department of Education or a private lender, you agree to a certain set of terms and conditions. These terms include some important things, such as a payment schedule and the interest rate that will apply to your loan. When you’re in college and…

Why Does College Cost So Much?

Why Does College Cost So Much?LendKey1:28 pm

Whether you’re just about to start college or you’re several years beyond graduation, you have probably heard stories about what it used to be like to pay for college. Many people have heard their parents talk about paying for college with income from a summer job or working just a few hours a week here and there to keep up…

How to Take a Gap Year That Prepares You For College Personally and Financially

How to Take a Gap Year That Prepares You For College Personally and FinanciallyLendKey9:23 am

Taking a year off prior to the start of college is not a new notion. “Gap years” are extremely common in Europe, and have gained immense popularity within the U.S. too. The reasons for taking a year off before school can be personal, financial, or sometimes both. Some of the benefits of a gap year include: Taking time to explore…

Blog was last modified: April 18th, 2018 by LendKey