Ben Luthi – The News Desk

Best Student Loans for Graduate School of April 2024

3Apr

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Money

Best Student Loans for Graduate School of April 2024

How Do You Apply for a Graduate Student Loan?The application process for graduate loans depends on whether you're applying for federal or private student loans. Graduate students "can generally avoid having to go through the verification process that some undergraduates must complete because they are receiving only non-need-based loans," says James Anderson, director of financial aid at Montclair State University.Direct PLUS loans are federal loans reserved for graduate students and parents of undergraduates. If you want to apply for a Direct PLUS Loan, which offers higher limits than the standard graduate loan, you'll fill out a separate application after you submit the FAFSA on the Federal Student Aid website. Interest rates are also higher for Direct PLUS loans at 7.54%. With private l...

25Dec

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Money

Best MBA Student Loans of December 2023

What Are the Types of MBA Student Loans?For your MBA degree, you can choose federal or private loans. Direct unsubsidized loans: These loans have annual and total borrowing limits. They offer certain benefits, such as loan forgiveness programs and income-driven repayment plans, that private lenders do not. Graduate direct PLUS loans: Your borrowing limit is higher – up to the school's cost of attendance minus other financial aid – but the interest rate and loan fee are also higher. You'll get access to the same federal loan benefits. Private MBA loans: Some lenders advertise loans specifically to help MBA students pay for their degrees. Terms can vary depending on the lender, but you can typically borrow up to the total cost of attendance at your school. Private graduate loans: Most...

24Dec

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Money

Best Law School Loans of 2023

What Are the Types of Law School Loans?You can get a handful of different types of student loans to pay for law school. Understanding each one will give you a better chance of selecting the right loan features based on your needs.Direct PLUS LoansThe maximum Direct PLUS loan amount you can borrow annually is the cost of attendance at your school minus any other financial aid you receive. You'll also get many of the same benefits as other federal loans, including access to loan forgiveness programs and income-driven repayment plans. However, Direct PLUS loans charge the highest interest rate among all federal student loans, and you'll pay an upfront loan fee. A credit check is required, but it won't affect your interest rate. Direct Unsubsidized LoansThis federal loan program limits the am...

Best Student Loans for Graduate School of December 2023

24Dec

By adminNo Comments

Money

Best Student Loans for Graduate School of December 2023

How Do You Apply for a Graduate Student Loan?The application process for graduate loans depends on whether you're applying for federal or private student loans. Graduate students "can generally avoid having to go through the verification process that some undergraduates must complete because they are receiving only non-need-based loans," says James Anderson, director of financial aid at Montclair State University.Direct PLUS loans are federal loans reserved for graduate students and parents of undergraduates. If you want to apply for a Direct PLUS Loan, which offers higher limits than the standard graduate loan, you'll fill out a separate application after you submit the FAFSA on the Federal Student Aid website. Interest rates are also higher for Direct PLUS loans at 7.54%. With private l...

First Republic Bank Student Loans Review 2023

23Dec

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Money

First Republic Bank Student Loans Review 2023

Find the Best Student Loan Refinance Lenders Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan TermStudent Loan Options Offered by First Republic BankFirst Republic Bank offers only student refinancing loans. The lender does not provide private student loans to students looking to finance their education.Loan Terms, Fees and DiscountsFirst Republic Bank offers fixed-rate refinancing loans from $40,000 (or $25,000 if you have a graduate degree) to $300,000. Repayment terms include five, seven, 10 and 15 years.The lender doesn’t charge origination, annual or prepayment fees. In fact, you'll receive a prepayment rebate of the interest you paid on the loan (up to 2 percent of the original balance...

MPower Financing Student Loans Review 2023

22Dec

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Money

MPower Financing Student Loans Review 2023

Borrower tip: Refinancing federal student loans into a private student loan can make you ineligible for certain types of protections, such as income-driven repayment plans, federal debt forgiveness programs and forbearance/deferment options through the Department of Education. Find the Best Student Loans for You Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan TermWhat Types of Student Loans Does MPower Financing Offer?MPower Financing has student loan options for undergraduate and graduate degree programs. You may be eligible to refinance your loan if you have graduated and worked in the U.S. or Canada for at least three months. How Does MPower Financing Work?Applying for a...

How Repairing Credit Works | Credit Cards

15Dec

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Money

How Repairing Credit Works | Credit Cards

If you don't have a good credit score, you may have trouble getting approved for loans or credit cards, or you may only qualify for high interest rates. It makes sense to want to improve your situation right away, but fixing your credit requires patience.Companies may offer paid services for repairing credit, but they are frequently untrustworthy. Armed with time and the right information, you can figure out how to fix credit yourself."The difference is the time and the education," says Stephanie Yates, director of the Regions Institute for Financial Education and chair of the department of accounting and finance at the University of Alabama at Birmingham. "Frankly, that's how some less reputable firms make a lot of money – kind of preying on that lack of knowledge and lack of time."How t...

12Dec

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Money

Best Installment Loans of 2023

What Is an Installment Loan?An installment loan gives you all of your money upfront, with a date that you must repay the entire loan. You pay back a portion of the principal you borrowed, plus interest, with each loan payment you make.In contrast, revolving credit allows you to borrow up to a limit, repay it and borrow again indefinitely. Examples are credit cards, personal lines of credit and home equity lines of credit, also called HELOCs."An installment loan is your best option when you know how much money you will need," says Mike Vierzba, licensed financial consultant with T. Rowe Price in Colorado. Another major benefit: "Installment loans are cheaper debt, meaning they will generally have a lower interest rate than their revolving counterparts."Find the Best Student Loans for You L...

U.S. Bank Personal Loans Review 2023| US News

1Dec

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U.S. Bank Personal Loans Review 2023| US News

Find the Best Personal Loans for You Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit ScoreHow Can a Personal Loan by U.S. Bank Be Used?U.S. Bank offers three types of personal loans, and depending on the loan, you can use the funds to consolidate debts, to make major purchases or home improvements, to meet immediate cash flow needs, and more. The three types of loans are: U.S. Bank Personal Loan. U.S. Bank Home Improvement Personal Loan. U.S. Bank Simple Loan. The lender doesn’t publicly list any restricted uses for loan funds. How Does A Personal Loan With U.S. Bank Work?To complete your online application, you'll need to provide your Social Security number, home address and employmen...

30Nov

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Money

LendingUSA Personal Loans Review 2023| US News

Find the Best Personal Loans for You Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit Score Lender Learn More APR Loan Amount Min. Credit ScoreHow Can LendingPoint Personal Loans Be Used?LendingPoint offers unsecured personal loans with fixed interest rates, focusing on borrowers with fair credit. Borrowers can use loans for purposes such as consolidating debt, paying for a wedding, fixing a car or remodeling a kitchen.How Does LendingPoint Work?If you live where LendingPoint does business and meet the other basic eligibility criteria to apply, you can begin by prequalifying for a personal loan. You will provide some basic information – name, birthdate, income – to check your loan offers. The lender uses a soft credit inquiry, which won't h...