Student Loan Management

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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...

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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®),...

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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...

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What To Know About Student Loans and Marriage

When you get married, most (if not all) of your assets and debt are combined because, legally, the two of you are considered one financial entity. There are some things you can choose to keep separate – like student loans – but it can get tricky. We’ll cover what you need to know about student...

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How To Get Student Loans Without a Co-Signer

So you’re ready to continue your climb up the education ladder. Maybe you’re looking at a 4-year college or university or a training program. No matter what type of school or program you pick, getting an education costs money. To help cover the costs of your education, you’ll probably need to take out student loans. ...

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Student Loan Payments: Stay In the Know

If you have federal student loans, you know that payments and accruing interest have been suspended, or placed in forbearance, since March 2020 under the CARES Act. The Department of Education extended the student loan payment pause to August 31, 2023, or 60 days after the student loan debt relief program litigation is resolved.  As...

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How To Get Out of Student Loan Debt

While your higher education was invaluable, the residual student loan debt may feel overwhelming, haunting you like a ghost. Many student loan borrowers look for creative solutions to banish their debt – but it isn’t always easy.  Student loans eat into your budget and incur interest throughout a loan’s lifetime. And if you can’t pay...

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Types of Student Loans (Federal and Private)

Whether you’re an undergrad or grad student or pursuing a certification or license, you know higher education is expensive. Enter student loans. Think of them as superheroes that swoop in and save the day by helping you pay for your education. There are two primary categories of student loans: federal student loans (think: Team Captain...

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How Does Student Loan Interest Work?

Well, look at you investing in your future! According to the experts, that degree should pay off after graduation, but for now, you’re probably focused on figuring out how to pay for it all – tuition, books, dorm fees and everything in between.   Hopefully, you and your family were able to save for this day...

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Variable vs. Fixed Rate: Student Loan Terms Explained

When you pay back your student loan, you pay back the amount you borrowed and a little something extra. That little something extra is what’s known as interest. Interest is the fee you pay to borrow money from a lender.  Let’s say you got a loan for $30,000 with a 4.99% fixed interest rate and...

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a scale weighing pros and cons of private student loans

Pros and Cons of Private Student Loans

You have to spend money to make money, right? That’s certainly how it feels when you’re considering going to college or trade school. You’ve got to pay to take classes to become qualified to one day work your dream job. But where does this money come from? Your family certainly can’t be expected to pay...

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What Is a Student Loan Grace Period?

You’ve taken the classes, and you’ve imbibed your body weight in ⭐ caffeine ⭐ while enduring sleepless nights of studying. Now that you’ve graduated, you need to figure out how to pay off your looming student loans. Before you panic-apply to every job on Indeed, just know that you do get a bit of leeway....

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