Student Loans and Advice – Page 6

21Jul

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Credible 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 Credible Offer?Credible offers prequalified rates on loans including: Private student loans. Graduate student loans. Parent student loans. Medical, law and MBA school loans. Student loan refinance. Student loan consolidation. How Does Credible Work?The process is fairly simple...

15Jul

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College Ave 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 Term What Types of Student Loans Does College Ave Offer?College Ave has student loan options for all levels of postsecondary education, including career programs and refinancing. Undergraduate. Graduate (including MBA, law, dental, medical and other health professions). Parent loans. Career programs. Student loan...

7 Strategies to Get Out of Student Loan Debt | Student Loans and Advice

14Jul

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7 Strategies to Get Out of Student Loan Debt | Student Loans and Advice

Earning a college degree is seen as a key component of the American dream, but that achievement often comes at a steep cost. The average student loan debt among recent college graduates who borrowed is around $30,000, according to U.S. News data. For borrowers who attended graduate or professional school, that amount may run into six figures.Burdensome amounts of college debt can hold you back from other financial goals like buying a home or saving for retirement. However, there are several ways to pay off student loan debt faster – and while saving money. Here are some strategies for repaying your student loans, so you can get your finances back on track. Find the Best Student Loans for You Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan T...

10Jul

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PNC 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 PNC Offer?PNC offers student loans for the following purposes: Graduate study. Professional degrees. Health professions residencies. Bar exam study. Refinancing. Undergraduate study. PNC’s Education Refinance Loan allows borrowers to refinance federal and private student loans...

8Jul

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Best Part-Time Student Loans of 2023

What Are Your Part-Time Student Loan Options?While a part-time schedule can give you flexibility when pursuing a degree, it may also limit your financial aid options. Students attending school less than half time can't access federal loans and many private student loans. Part- or half-time status typically means you're taking fewer than 12 credits per semester, says James Anderson, director of financial aid at Montclair State University in New Jersey, although each school defines what qualifies as full time. Generally, six credit hours per semester is half-time status.If you want a federal student loan: The Department of Education offers three types of federal loans, and all of them require students to enroll at least half time. Direct subsidized loans. Available to undergraduate students...

Best Parent Student Loans: Parent PLUS and Private of July 2023

8Jul

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Best Parent Student Loans: Parent PLUS and Private of July 2023

What to Consider When Choosing a Parent Loan for CollegeBefore you start shopping around for parent loans, it's important to consider whether borrowing money is the right decision. "Parents need to think about how the additional parent debt impacts their own financial goals," says Matthew Carpenter, managing partner of College Funding Services and chief strategy officer at College Aid Pro. "Will this harm plans for retirement, their daily lifestyle or household budget? What is the likelihood of a return on the investment?”Also, because parent student loans tend to be more expensive than undergraduate student loans, it may make more sense to have your child apply for student loans, says Travis Hornsby, founder and CEO of Student Loan Planner. Then once your student receives the financial a...

What Is the Student Loan Grace Period? | Student Loans and Advice

6Jul

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What Is the Student Loan Grace Period? | Student Loans and Advice

Once you've graduated from college, the quest to land a job, find an apartment and start your adult life can seem overwhelming. There are so many questions to answer and so little time to go searching for the answers.For instance, you might start wondering when those student loans you took out actually need to be paid back.Fortunately for most borrowers, there is a reprieve after graduation known as the student loan grace period, which functions as a temporary delay of required loan payments. Read below to learn how a student loan grace period works, when it ends and what it might cost you.What Is a Student Loan Grace Period?A student loan grace period refers to a time when payments are not due. Interest may still accrue during this time, but that depends on the type of loan you have. Mos...

4Jul

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Education Loan Finance 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 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 TermWhat Types of Student Loan Does ELFI Offer? Loan options from ELFI include: Undergraduate. Graduate. MBA. Law school. Health care and medical resident. Parent loans. Student loan refinancing. How Does ELFI Work?Prequalifying allows you to see what interest rates you could secure. The process t...

Who Is My Student Loan Servicer? | Student Loans and Advice

4Jul

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Who Is My Student Loan Servicer? | Student Loans and Advice

According to first quarter 2023 data from the Federal Reserve Bank of New York, borrowers in the U.S. owe more than $1.6 trillion in student loan debt.That mountain of debt is handled by student loan servicers – companies that manage billing and other administrative tasks necessary to maintain these loans.While borrowers don't have to pay extra for what student loan servicers provide, it helps to know which company services your loan and the different ways they can assist you throughout the life of your loan. Having this information can help you get the most out of your loan-servicer relationship.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 Do...

3Jul

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Nelnet Bank 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 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 TermWhat Types of Student Loans Does Nelnet Bank Offer?Nelnet Bank issues private student loans for undergraduate, graduate, MBA, law or advanced health profession degrees. The lender also refinances private and federal student loans, including transferring Parent Direct PLUS loans into a child's name. How Doe...