The short answer is… parents should start saving for college as soon as possible. Nonetheless, figuring out how much to save for college and when to start can be confusing. The answers aren’t always crystal clear. However, saving for college is a massive undertaking that requires a strategic savings plan to reach your goals. If …
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College is expensive, but that doesn’t mean you should accept every last bit of financial aid. Now I know, that probably sounds counterintuitive. I mean, who wouldn’t use all the offered financial aid?! However, there are many instances where financial aid can actually be detrimental rather than helpful, so knowing when to decline certain financial …
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If you’re studying in California, where 20% of discharge applications come from, student loan discharge programs may be familiar to you. However, the majority of borrowers haven’t heard of them. While student loan forgiveness programs are more well-known, student loan discharge programs are another great way to have your student debt wiped from existence. So, …
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If you’re a student loan borrower, you’ve probably heard the term “student loan servicer” before. But what exactly is a student loan servicer, and why does it matter? In this blog post, we’ll dive deeper into everything you need to know about student loan servicers, including how to find out who your servicer is, what …
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Choosing to refinance your student loan can be a difficult decision. You must consider your loan type, interest rate, and income. The decision is not easy, so here’s what you need to know before moving forward with it: What is Student Loan Refinancing? When you refinance your student loans, you’re allowing the lender pay off …
As students, exploring student loan options can be tricky. Understanding and knowing all the types of loans, both federal and private, can be overwhelming. That’s before knowing the intricacies of each loan type, eligibility requirement, and even loan structure. Let’s look at one of the most popular types of student loan, the Federal Stafford Loan. …
Refinancing your student loan can be an excellent way to save money and improve your finances. By refinancing, you can take advantage of your improved credit score, higher income, and other positive financial changes to secure a better interest rate or more favorable terms. However, it’s important to note that refinancing your student loans can …
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Late last year, the Department of Education released findings that highlighted the growing trend in which loans are prolonging. In fact, the average time it takes for a student to repay their student loans is now 20 years. As a student, you should be aware of the current circumstances and understand what the averages are …
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