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 …
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College is a special four years of your life, and you’ll want to make the most out of your experience. Here’s the ultimate college bucket list to make memories that will last you a lifetime. #1: Study Abroad Studying abroad can be a once-in-a-lifetime experience. Not only do you get to study in another country …
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There are two types of student loans: private and federal. While private student loans are provided by private entities such as banks and financial institutions, federal student loans are provided by the federal government. If you think you may need a student loan to pay for college, check your student loan eligibility ASAP. How to …
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Sparrow partners with financial institutions to provide students and their families with a streamlined search and comparison process that helps borrowers find the best private student loan offers in minutes. We believe transparency is key to earning and maintaining borrowers’ trust. That’s why we take who we partner with seriously. The lenders that borrowers choose …
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Let’s set the scene. You got accepted into your dream school. You’re so excited you can hardly contain it. A few days go by and the reality sets in. How am I going to pay for this? You log into your school’s payment portal and look at the total cost of attendance. Before you panic, …
An Annual Percentage Rate, or APR, is the interest rate applied on a student loan for the whole year. This number may differ from your interest rate because it takes into account any fees associated with your loan.
Finding ways to lower your student loan interest rate could lower your overall monthly payment and save you money over time. Here’s how to lower your student loan interest rate for both federal and private student loans.
Refinancing is actually surprisingly easy to understand: a lender will pay off your existing loans and give you a new one with a lower interest rate or shorter repayment plan. Typically, you can refinance both your federal and private student loans.
It’s no secret that the cost of education has increased dramatically over the last several decades. This increase in price has led to more and more students taking out student loans in order to afford their education.
Around 43 million Americans owe a grand total of $1.7 trillion on their student loans and unfortunately, this number is projected to increase to roughly $2 trillion by 2022. We all know $1.7 trillion is a massive number, and it’s important to recognize it as what it truly is: a crisis. The weight of student …
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A 2019 study showed that most Americans live with some financial regret. One of the highest-ranked regrets was related to choices surrounding student loans. Trying to figure out the difference between student loan options will leave you with gray hair by age 25. The truth is, there are tons of different options available, and it’s …
Continue reading “The 4 Big Differences Between Federal and Private Student Loans”
During his 2020 presidential campaign, President Joe Biden emphasized time and time again his plan to cancel student debt. This has sparked a conversation about what this really means and whether or not we should actually do it.
