A great way to reduce your student loan debt is to refinance. An important part of that is looking for a good lender that will offer you good terms. In fact, the best refinance companies are going to give you the best terms. But, what do you even look for? And where do you start? …
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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 …
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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 …
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So, your kid is going to college? That’s great! Yet, as great as it is, you are a little worried. How are you going to afford the college tuition? Or the living expenses? You want to take out a loan. If you have bad credit, this process can be more difficult. However, there are many …
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It’s the talk of the nation. The Biden Administration announced that it will be forgiving billions of dollars in student loan debt. While this news is exciting, it’s a little nerve-wracking at the same time. You might wonder if you even qualify for student loan relief based on the requirements. What even are the requirements …
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Managing many student loan payments at once can be very difficult. That’s why student loan consolidation sounds so enticing. You can streamline your payments into one and make it easier on yourself. It sounds like the perfect solution. However, it’s essential to think about student loan consolidation pros and cons. Before you start the application process, …
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According to an Education Data report, the average student loan debt is around $39,351 per borrower. As a result, it can be hard to make the average student loan monthly payment. If you’re currently experiencing this and are trying to figure out how you can cut costs, you’re in the right place. Lucky for you, …
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With college attendance costs going up, Parent PLUS Loans are a great way for you to help your children attend an affordable school. However, the downside is these loans can become difficult to pay back over time. What can you do then? Transfer the Parent PLUS Loan to the student. But, how can you do …
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As a parent, it’s your job to make sure your kids are okay. That’s why back when they needed help with money for college, you gladly took out loans. But, the loans are getting harder to manage so you’re thinking about refinancing. You wonder: How can I refinance my parent PLUS loans? Can I refinance …
According to Forbes, the average student debt per person is $28,950. That’s a lot of debt. Student loan debt like that can make it hard to make ends meet. Fortunately, there are so many ways to pay off your student loans. Some of them may even surprise you. To help get you started, we’ve made …
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Both PAYE and REPAYE are great, affordable repayment options for federal student loans. If you’re here, then you’ve probably heard of both. The problem is you’re not exactly sure what the difference between the plans is or which one to choose. In the epic battle of PAYE vs REPAYE, we’re here to help. Let’s get …
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A key factor to deciding whether to get a federal student loan or not is looking at the interest rate. Your federal student loan interest rate will add to how much you pay over the life of the loan. But what is student loan interest? And how is your interest rate determined? Here’s everything you …
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In the 2020-2021 school year, students received $26 billion in Pell Grant awards. And of course, seeing how the cost of education has been rising, you might want to get in on some of that award money. If you’re not sure about your Pell Grant eligibility, here’s what you need to know in order to …
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College is on the horizon and you’ve never felt more excited. You’ve already got plans for what you’ll do to your dorm and what classes you’re going to take. But there’s just one little problem: student loans. You know you might need to take out some student loans for college, but you just don’t know …
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Back in 2013, the federal government removed the borrowing limits for Parent PLUS Loans. This meant parents could take out the full amount of their child’s college education in Parent PLUS Loans, which ultimately led to increased Parent PLUS loan debt. In fact, the average Parent PLUS Loan debt is around $29,600 according to a …
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If managing your student debt is becoming a challenge, you aren’t alone. As a veteran or active duty service member, there are various options to help you manage your student loan debt such as military student loan forgiveness programs. Here are some of the best military student loan forgiveness programs you should know about. Military …
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Teaching is a noble profession to go into. Yet, recently, there has been more attention on problems teachers face with some of the biggest being high student debt but low salaries. In fact, the average teacher’s salary is around $54,842 per year. But, the National Education Association reports that nearly half of all educators still …
As a college student, you’ll no doubt hear about the massive rise in the average student loan debt. Rightfully so, you might get scared and overwhelmed at the idea of incurring a lot of debt. However, the amount of debt you’ll incur is based on factors like the type of loan you take out, the …
With the way prices are rising right now, it can be hard to make your monthly loan payments. In situations of severe financial distress, you can pause your monthly payments with student loan forbearance. At least for a little bit, giving you time to regain financial stability so you can start making payments again. If …
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Millions of students fill out the Free Application for Federal Student Aid (FAFSA) with the hope of scoring a portion of the $112 billion in available aid each year. However, depending on whether you meet the FAFSA requirements and eligibility criteria, you may not qualify for certain forms of aid. Here’s everything you need to …
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Filling out the Federal Application for Federal Student Aid (FAFSA) is crucial to getting you federal aid. But it can be a tricky document to fill out and relies heavily on your parents’ financial information. So, what happens if you don’t have any parental support for college? What does filling out the FAFSA as an …
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College is a great way to expand your education and go into a career you love. But, it’s also really expensive. According to U.S. News Data, in-state tuition has risen 79% over the last 14 years. And that’s only in-state. The truth is the cost of your college education depends on where you go. That’s …
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According to a report done by the Education Data Initiative, one year of college is currently $35,331, on average. Saving for college, then, is more important than ever. As parents, you want to make sure your child gets a college education with little student loan debt. The best way to do that is to start …
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About 30-40% of undergraduate students take out federal student loans each year. Over the years, these loans can start to pile up, making for a hefty monthly payment once repayment starts. If you are in the market for a more affordable repayment plan for your federal student loans, consider an income-driven repayment plan. In this …
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Throughout your time at college, you’ll probably take out multiple student loans, which can easily pile up. Then, you’ll have to keep track of all the different payment dates, interest rates, and loan amounts for each loan. A way to make this simpler is through student loan consolidation. What Is Student Loan Consolidation? Student loan …
The cost of college has been going up for many years, making financial aid incredibly important. In fact, to afford college, most students use a combination of financial aid. The term “financial aid,” though, is broad and can refer to many different things. So, what exactly is financial aid? And how does it really work? …
There’s no doubt that college can get expensive, and a lot of times you may need a student loan to pay for it. But what if you’re denied a loan? Here’s what you can do. Why You’re Getting Denied a Student Loan There are many different reasons why your student loan applications might be getting …
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Throughout the course of your college education, you’ll probably take out many loans. And by the end of it, it may be hard to keep track of. Add in the fact that you have poor credit and not the best credit history, and it just seems too hard to manage. What can you do? Well, …
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Bad credit can put you in a tough spot when looking for student loans. This is especially true if you are looking at private student loans. But what about federal student loans? Can I take out federal student loans with a poor credit history? How? What is Considered a Bad Credit Score? The FICO credit …
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The average debt dental students have is around $300,000. This includes debt from both undergraduate and graduate studies. While that is a scary number, you can bring it down by securing free aid like grants. Here is what you need to know about dental school grants. Benefits of a Grant for Dental School Grants are …
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The average dental student’s debt is around $300,000. While this can be overwhelming, it doesn’t have to be. You can minimize your debt by making educated loan decisions and choosing the right loans for you. Let’s get into it. Can I Get Loans for Dental School? Yes. The two main loans you’ll hear about are …
The average lawyer earns about $148,000 per year. But the average law school debt is $160,000. It is important, then, that you understand law school loans and get the best ones. That way, when you graduate, your loans will be more manageable. Student Loan Options for Law School You have two main options when it …
Medical school is really expensive. That’s why so many students opt to get student loans. Before you start applying though, let’s go over some things you need to know about medical school loans. How Do Medical School Loans Work? With medical school loans, you can take out a lot more than you’re probably used to. …
Medical school can get really expensive to pay for. Luckily, there are various types of aid to help you pay for it. A big one is scholarships. So, how and where can you apply for medical school scholarships? Where Do Medical School Scholarships Come From? Funding for medical school scholarships can come from all sorts …
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First off, congratulations on graduate school! That’s an amazing accomplishment. Getting accepted to graduate school might mean having to go through the loan process. Again. Now, they’re graduate student loans, which can sound more intimidating. The good news is they don’t have to be. The better news? This article will help you on the topic …
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Okay, so you probably already know about federal and private student loans, right? Well, let us introduce you to another type of loan: the institutional loan. Like with any type of loan, institutional loans have their own little ins and outs that you need to know about. Before we go over them, though, let’s answer …
Paying back your student loans can be a hassle. Do you know what can make them less of a hassle? Refinancing! Maybe you’ve heard that term before but aren’t actually sure what it means. Let’s go over it. What Does It Mean to Refinance a Student Loan? When you refinance your student loans, you’re agreeing …
Qualifying for student loans on your own is already hard because chances are you have too limited of a financial history. Now, imagine that you don’t have a cosigner to help with that. It’s even harder. Let’s go through how to find the best student loan for people without a cosigner: What Is A Cosigner? …
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So, you’ve done your research on international student loans. You feel a little better knowing everything that you do now. All that’s left is to apply, but how do you do that? Let’s get into it. When to Apply for International Student Loans Before you can officially start applying, you need to have a couple …
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There are about 20 million students in the U.S., including international students. When figuring out how to pay for your education, you’ll come across student loans. Yet, international student loans work differently than private student loans for students from the United States. Here’s your guide to navigating the world of international student loans. What Are …
Every student’s biggest fear when it comes to private student loans is not qualifying. Having a cosigner can help prevent that. The thing is you may not want a cosigner for the entire life of the loan. In that case, you’ll want to check with different lenders to see who offers a cosigner release policy. …
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As you enter the student loan scene, you’ll hear the terms “credit” and “credit score” thrown around a lot. But what credit score is needed for a student loan, and why does it matter? All student loans have qualifications that you have to meet. For some, one of those qualifications is having good credit. That …
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Shopping around for loans is already hard enough. Then, you add in interest rates and APRs, and it’s like a whole new world. A difficult one. But it doesn’t have to be. So, what are interest rates? What is an APR? And is an APR the same thing as an interest rate? What Are Interest …
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Figuring out how to pay for college is like walking through a minefield. You’re scared to even take a step because it may be the wrong one. But you don’t have to be! There are 3 big resources people use to help them pay for college: scholarships, grants, and loans. Let’s go over them. What …
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Imagine you’re shopping around for student loans. You can’t seem to make a final decision on which to get because the interest rates are confusing. Understandably, you have a lot of questions. What are they? How does it affect your payments? And most importantly, what’s a good interest rate? Let’s go over it. What Is …
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The government gives out billions of dollars in aid each year, some of that going toward students who received the Federal Pell Grant. But what is it? And how does it work? What is the Pell Grant? The Pell Grant is one of many federal grants the government provides to help students pay for their …
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With rising college costs, student loans are placing a strain on more and more people’s lives. Student loan refinancing can help with that. This is what you need to know about when to refinance your student loan: What is Refinancing? Refinancing is when a lender agrees to pay off your current loan(s) in their entirety. …
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