Most students spend a lot of time scouring the internet trying to find scholarships. But one thing almost every student overlooks is just asking around locally. Maybe it sounds too simple to be effective but you’d be surprised at the unexpected. Scholarships you can discover by simply asking. So how do you find scholarships and …
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Should I Wait To Get A Student Loan Until After I See My College Award Letter?
When people thinking “how do I pay for college?” oftentimes the first thing that comes to mind is student loans. It makes sense, considering how often student loan discussions comes up in the news. But is getting a private student loan really step one? Or should you wait until you see your college award letter …
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What You Need To Know About Renewable Scholarships
While winning a scholarship is great news, winning a renewable scholarship is even better. Unlike scholarships that offer winners a singular award, renewable scholarships offer money over multiple years. (Typically up to 4). This means, if the scholarship award amount is $2,000, the winner might get $2,000 annually for the next four years. A total …
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The Most Dangerous Thing You Can Do With Student Loans: Ignore Them
You know the phrase “out of sight, out of mind?” That should not apply to your student loans. It’s not something you can shove to the sidelines and “deal with later.” America is in the midst of a student loan crisis. Unless you want to become part of the statistic, you should come up with …
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Did You Know These 6 Things About Sallie Mae Student Loans?
Sallie Mae is the largest private student loan lender in the US and provides funding for all sorts of higher education pursuits—from undergraduate school to MBAs and plenty more. When it comes to student loans, it pays to shop around to know exactly what you’re signing up for. So, if you are looking for a …
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Can You Make More Than One Student Loan Repayment a Month?
Student loan debt can feel overwhelming. When you start repaying, those monthly bills can be frustrating. Depending on your lifestyle and your financial goals, there are two main ways you can handle your student loan debt (beyond a standard option). Maker smaller monthly payments. Or make two student loan repayment sums in a month and …
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How Do I Prevent Student Loan Default?
You know what happens if you default on your student loans—your credit history takes a hit. This can have serious consequences on your future financial prospects. Lenders are reluctant to approve loans to defaulters and even if they do, they will charge you premium interest rates. This is not a scenario that anyone wants to …
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What Is Financial Awareness Counseling For Federal Student Loans?
Financial Awareness Counseling is a government service that helps students understand their loan commitments as borrowers. This is done through an online interactive tool called the FACT or Financial Awareness Counseling Tool. Generally, the aim is to help borrowers manage their finances better to prevent potential financial disasters. All students and families who have federal …
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Private vs Federal Student Loans: Which You Should Pick First
College usually costs a lot of money. Many students end up taking out loans for college. When it comes to student loans, there are two main types: federal and private. Federal loans, as the name implies, comes from the federal government. Private loans are funded by lending companies like Sallie Mae or Credible. So private …
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Ways To Change Your Student Loan Interest Rate
When you take out a student loan, you’ll have an interest rate that you will have to pay on the amount that you borrow. For the most part, interest rates will remain consistent throughout the life of your loan (especially if you opted for a fixed rate). Interest rates greatly affect how you calculate student …
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