LoansStudent LoansStudent Loan Management

Student Loan Management

Graduation cap on top of a stack of money

Employer Student Loan Repayment Program: Common FAQs

Student loan debt impacts over 43 million Americans, costing over $1.7 trillion. The debt has also cost borrowers many milestones; 53% of millennials haven’t bought a home yet because their debt is either hurting their ability to qualify for a mortgage or they can’t find one they can afford. If these stats blew your mind,...

Read More
Paperwork with accordion folder.

Does Paying Off Student Loans Build Credit?

Things change when you leave school. Suddenly there are more bills to pay, including your monthly student loan payment. Meanwhile, if you want to take out a loan to buy a car, rent an apartment or get a mortgage to buy a home, you’ll need to know what your credit score is and how to...

Read More
Student sitting outside writing in a notebook

Do Student Loans Affect Buying a House?

Going to college and buying a home are both important milestones, but student loan debt might make them feel like conflicting goals. Luckily, you can pursue both higher education and homeownership by understanding how loan debt might affect your mortgage. Read on to learn how student loans factor into getting a mortgage and get some...

Read More
Girl on laptop

What Is a FAFSA® Form? – Do You Qualify?

If you are a current college or university student, or someone striving to be one, you know that one of the greatest barriers to getting a higher education is money. That’s where financial aid comes in. Financial aid helps students pay for college, so they can stress less about how they’ll pay the next bill...

Read More
A student writing in a notebook

What is a Student Loan Default: What Will Happen?

Facing a student loan default can be intimidating. Especially when terms like collections agencies, lawsuits and wage garnishment are thrown around in the same sentence (like this one). And while it is serious, it’s not the end of the world.  If your student loans are in default, you’re not alone. Education Data Initiative reports that...

Read More
Student in a dorm room

How To Calculate Your Student Loan Interest: Step-by-Step

An estimated 30% of American adults have incurred some kind of student loan debt, but many of them may not realize what makes up their monthly student loan bill. Student loan payments include both principal and interest. But a good chunk of your payment might be going toward interest, not the loan’s principal. Calculating your...

Read More
Students talking

Financial Aid vs. Student Loans

If you’re wondering how to pay the ever-increasing cost of college or professional programs, financial assistance may be the answer. You can get financial aid and student loans to help pay for your education – but they aren’t the same thing. We’ll cover the difference between financial aid and student loans, how to apply for...

Read More
Office building and sky

How to Stop Student Loan Garnishment

Paying for higher education tends to be expensive. And student loans are a popular way to pay for college, graduate school and other types of education. Over 40 million people get help paying for higher education with federal student loans. Sometimes, life gets in the way of people paying back their student loans. You may...

Read More
Man at desk with laptop computer

Do Student Loans Affect My Credit Score?

If you have a student loan, you’re a member of a really, really big club. Over 40 million people have student loans to help with the expenses of higher education. But what does having student loan debt do to your credit score?  Student loans can make your credit score go down, but they can also...

Read More
Woman on computer

What is the Average Student Loan Interest Rate?

Student loans can help you pay for your education when you aren’t able to pay for it all on your own. But just like any loan, they come with an interest rate that ultimately determines how much money you’ll pay over the life of your loan. FYI: The U.S. Department of Education extended their COVID-19...

Read More
Students studying together

Federal vs. Private Student Loans: Pros and Cons

Getting ready to continue your education after high school is exciting, but it’s the rare student – or parent or guardian of a student – who isn’t stressed over how to pay for college.  Even if you’ve already applied for grants and scholarships and you’ve filled out the Free Application for Federal Student Aid (FAFSA®),...

Read More
A young woman laying in the grass writing

How to Apply for Student Loans: Your Guide

You’ve been accepted into college and you’re excited about it! But now you have to figure out how to pay for it and you’re a little less excited about that.  You’re not alone. Most new students face the burden of college prices and may not be all that sure about what to do next. We...

Read More