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 orconsolidating your loans, but fixed rate loans are available.
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The Differences Between Student Loan Consolidation And Refinancing
You’re probably heard both terms: student loan consolidation and student loan refinancing. A lot of people use them interchangeably, which adds to the confusion. However, student loan consolidation and student loan refinancing are two different tactics that borrowers can take to help them with their student loan payments, and they each apply in different situations. In some cases, student loan…
Can I Consolidate Private and Federal Student Loans?
One of the biggest myths when it comes to student loans is whether you can consolidate your Federal and private student loans. Think about it: you just graduated from college with about five different student loans. Three of them are Federal student loans and two of them are private. What do you do? Should you combine them? Should you leave…
Why Refinance Your Student Loans With a Credit Union?
Are you looking to refinance student loans? Are you searching for a low interest rate? Have you thought about a local credit union rather than a large bank conglomerate? Credit unions are sometimes viewed as local banks with limited services. With the expansion of online access, mobile apps, satellite locations, and expanded ATM access, access to a local credit union…
How Do Student Loans Affect Your Credit Score?
Student loan debt can definitely impact your financial profile, credit history, and credit score – either in a detrimental way or by improving your financial status and ability to save money. It all depends upon how you manage that student loan debt, and whether you are able to make your payments on time to fulfill your obligations as a responsible…
Top 5 Ways to Reduce Your Debt Burden While in College
CNN reports that 70 percent of college graduates leave school with debt in addition to degrees. In the best of circumstances, repaying student loans after college can take years. In the worst, monthly loan payments prove financially crippling. Fortunately, there are steps you can take to lighten your student debt load while you’re still in college. 1. Exhaust other forms…
Early Decisions: What to Consider Before You Pull the Trigger
Early decision time sits just around the corner, and the quandary college hopefuls face resembles an entrance exam with a stumper question. Get in, and you’re off to what could be your dream school. But if another school comes along with a much better financial aid package, how do you honor the original early decision and pay for everything? If…
Dorm, Home or Off-campus: How College Housing Affects Cost of Attendance
Did you know that your college cost of attendance is subject to change based on your choice of housing on the FAFSA? Also, did you know that your cost of attendance could increase or decrease if housing were to change? For example, if on the FAFSA the student originally requests consideration as an on-campus dorm student, but later changes to…
Students and Parents Use the 1098-T for the American Opportunity Tax Credit
Taxes are always a certainty, but if you or your family are spending money on education there may be ways to increase a tax refund by claiming educational credits. It’s tax season once again, and while people entering student loan repayment may start claiming interest costs on their taxes, people currently enrolled may have another opportunity to save some money….
Latest federal student loan deal offers compromise at a cost
While the #dontdoublemyrate campaign helped to raise topic awareness with students, it fizzled out, and rates increased as quickly as July temperatures. Over the near three week period since then, a range of politicians have proposed different deals but none have been able to materialize into a solution, leaving many frustrated students and families to deal with yet another increased…
How Do I Get My Student Loan Refund Check?
A student’s journey through college can come with a lot of expenses. That’s why students are allowed to access refund checks to pay for some of these expenses. As a result, getting hands on a loan refund check becomes very important for many students as the semester begins. Here are some things you should know about when it comes to getting…