Average Student Loan Interest Rate in January 2025

An important factor when shopping for student loans is looking at the interest rate. But interest rates can be a little confusing. You may ask yourself questions like:  Before you panic, don’t worry. We’ve got your back. To give you an idea of what to look for in interest rates, let’s go over the average …

CULCT Joins Forces with Sparrow to Supercharge Gen Z and Millennial Credit Union Membership

Sparrow and CULCT unite to empower credit unions and drive explosive Gen Z and Millennial membership growth New York, NY June 22, 2023 – Sparrow, a leading financial technology startup that powers student loan marketplaces, is pleased to announce a strategic partnership with the Credit Union League of Connecticut (CULCT) to drive membership growth among …

Sparrow Partners with GoWest To Supercharge Gen Z & Millennial Membership with Credit Unions

Collaboration provides credit unions with the ability to reap the benefits of student loans without becoming a student lender. New York, NY June 16, 2023 – Sparrow, an award-winning financial technology startup redefining how credit unions attract and engage the next generation, is thrilled to unveil a strategic partnership with GoWest Credit Union Association, a …

How and Where to Get Private Student Loans for Bad Credit

“Can I get a student loan even though I have bad credit?” The simple answer: yes. The more complicated answer: welllll, yes, but it’s going to be trickier. While most federal student loans don’t require you to have a good credit score, or any credit at all, most private student loans, on the other hand, …

Best Student Loans Without Cosigner in December 2024

While a cosigner can help you qualify for loans and get you better repayment terms, that may not be an option for you. If you’re finding yourself without a cosigner, know that it’s okay. There are plenty of student loans you can get without a cosigner. So, let’s get into it.  Compare Student Loans without …

LendKey Student Loan Refinancing: 2024 Review

LendKey Snapshot LendKey offers both private student loans and student loan refinancing. By connecting borrowers with a network of 100+ lesser-known credit unions and community banks, LendKey allows you to work with smaller lenders with low rates and good customer service, rather than traditional lending institutions. LendKey’s student loan refinance offering is available to graduates …

Brazos Private Student Loans: 2025 Review

Brazos Snapshot Brazos is a non-profit lender that offers private student loans and student loan refinancing. Since it was launched in 1975, Brazos has focused on bringing transparency and low-cost loans to Texas residents. While Brazos private student loans are only available to borrowers who are residents of, or students in, Texas, the non-profit lender …

LendKey Private Student Loans: 2025 Review

LendKey Snapshot LendKey offers both private student loans and student loan refinancing. By connecting borrowers with a network of 100+ lesser-known credit unions and community banks, LendKey allows you to work with smaller lenders with low rates and good customer service, rather than traditional lending institutions. LendKey’s student loan offering is available to undergraduate and …

EdvestinU Student Loan Refinancing: 2024 Review

EdvestinU Snapshot EdvestinU is a student loan program from the nonprofit New Hampshire Higher Education Loan Corp. They offer private student loans and student loan refinancing to students across the country. In order to qualify for EdvestinU’s student loan refinancing, you do not need to be from New Hampshire or even have graduated school. EdvestinU’s …

Student Loan Refinancing: Compare 9 Best Lenders

Refinancing your student loans can save you thousands over the life of your loan. By refinancing, you can swap your current student loan(s) for a new loan with a better interest rate or terms. If you have excellent credit or stable income, or a cosigner who does, you may benefit from refinancing your student debt. …

What is Expected Family Contribution (EFC)? How Does it Affect Financial Aid?

While an important piece in determining your eligibility for financial aid, Expected Family Contribution, or EFC, is often misunderstood. Here’s what you need to know about Expected Family Contribution for FAFSA purposes. What is Expected Family Contribution? Expected Family Contribution, or EFC, is a number used to determine how much financial aid you are eligible …

5 Strategies: How to Pay for Grad School

Earning a graduate degree is a great way to increase your income potential. In fact, Indeed reported that, on average, the earnings increase from a bachelor’s to master’s degree is roughly 20%. Nonetheless, it can be difficult to understand how to pay for grad school. Graduate school can be expensive. According to FinAid.org, a graduate …

Is Community College Free? Yes If You Live in These States

If you want to save money, consider going to community college and transferring to a four-year college after earning all of your General Education credits. Although you may be wondering, “is community college really free?” Over 100 colleges in the United States offer transfer options for community college students, including all of the Ivy League …

Are Student Loan Payments Tax Deductible?

If you’re a borrower, you may be wondering, “Are student loan payments tax deductible?” For qualifying borrowers, the answer is yes. Student loan payments ARE tax deductible. The student loan interest deduction is a federal tax break that lowers how much of your income is taxed. The federal government created this deduction to assist borrowers …