If you have federal student loans and want to extend your repayment terms beyond the standard 10-year period, one of the options you might be considering is federal loan consolidation. While extending your repayment term will lower your monthly payment, federal consolidation won’t save you any money because your new interest rate will only be… Read More »
One of the reasons you refinance student loans is to save money by negotiating a lower interest rate. When you refinance your student loans, your new lender often provides the opportunity to save some additional money by offering an interest rate discount by simply signing up for automated payments. Are you interested? See how much… Read More »
Every year, more & more of us are cutting the cords in multiple ways as we have an app on our mobile phone to do many of the tasks we once did in-person or on a laptop in college. Now, with the swipe of a finger, you can make travel reservations, buy groceries, and even… Read More »
You want to apply for a refinanced student loan, but, you are afraid you will be denied due to a low credit score. If you recently graduated from college and haven’t had time to establish a credit history or damaged your score from a series of missed payments a few years ago, you might be… Read More »
If you graduated college with federal student loans, you have 10 years to pay back your loans with the standard repayment plan. Depending on how much your current monthly payment & salary is, you may need a little more time. Thankfully, federal student loans are some of the most flexible types of loans when it… Read More »
When you are financially underwater, one way of eliminating your debt is to declare personal bankruptcy. If you have unpaid student loans, you might think these might be discharged during the bankruptcy process. But, this isn’t always the case as student loans are viewed differently than other forms of debt. Here are some circumstances when… Read More »
When you have applied for any type of financial loan, most likely you had the option to apply for either a fixed or variable interest rate. As the finance industry is always changing to keep up with consumer trends and spending habits, a new type of interest, a hybrid interest rate, has been introduced. The… Read More »
Not every college major costs the same and some degree programs cost more than others. As multiple professions require a post-undergraduate degree to begin earning a salary, many students with professional training need help to help make the monthly student loan payment more affordable after graduation. These are the top 10 majors that are ideal… Read More »
You just received notice from your student loan lender that your application was rejected. What to do next? There isn’t any reason to fret yet as there is one action to take to help improve your chances of getting approved for student loan consolidation after applying again.Reasons You Might Have Been RejectedThere are several reasons… Read More »
People often think that the only, and possibly best, way to refinance their student loans is by using a private lender. But, depending on the type of student loans you have, it might be better to pursue renegotiating your student loans through a different avenue. If you have federal student loans, these alternatives to traditional… Read More »