You’re finally able to pay off your student loan more aggressively. But with different interest rates across multiple loans, how do you decide which one to pay off first? It’s an important question – making the right payoff decision can save you thousands of dollars in interest and get you out of debt faster. Here’s … Read more
Are student loan interest rates annual? As a student heading to college, you’ve likely started thinking about how you’ll pay for your education. Taking out student loans is one of the primary ways students fund their college degrees. But before you sign on the dotted line for a loan, it’s essential to understand how student … Read more
How can you manage dealing with annoying student loan organizations? You finally did it – you graduated from college! After years of hard work, you’ve earned your degree. But along the way, you racked up a sizable amount of student loan debt. Now, you’re facing the daunting task of managing and repaying your student loans. … Read more
You’re an independent student ready to attend college or graduate school. But there’s one potential hurdle standing in your way – getting approved for student loans without a creditworthy cosigner. Many student loans require a cosigner, usually a parent or guardian, who agrees to take responsibility for the debt if you can’t repay it. However, … Read more
Taking out student loans is often necessary to pay for college, but you may need more credit history if you are considering a private student loan; a cosigner is usually a requirement. In this case, adding a cosigner to your loan application can help you get approved. But before you make this decision, some important … Read more
Budgeting to pay off student loans faster may seem impossible, but there are ways to pay down your debt faster than the standard 10-year repayment plan. By making some adjustments to your budget and looking into repayment strategies. These strategies include income-driven repayment plans, refinancing, or paying extra each month. You can make those intimidating … Read more
With so many student loan options available, how do you know which is best for you? A college education is an investment in your future but can be expensive. Taking out student loans is one way to help pay for school when savings, scholarships, and federal student aid like grants and work-study don’t cover all … Read more
Interest rates are a key factor that impacts the cost of your student loans, but what do you know about variable interest on your loan? Federal student loans typically have fixed interest rates that remain the same over the life of your loan. But you may also take out private student loans with variable rates … Read more
You may receive a Tax Form 1099 E from your loan servicer if you have federal student loans. This important tax document shows the interest you paid on your loans in the previous tax year. Receiving a 1099-E can be confusing, especially if it’s your first time dealing with student loan interest and taxes. Don’t … Read more
How to get student loan zero balance: With the rising costs of higher education, many college graduates are saddled with high amounts of student loan debt. Paying off student loans quickly may seem challenging, but you can eliminate your debt and reach a zero balance with the right strategy. This guide will provide tips and … Read more