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questions & answers

Is There A Bright Side To Student Loans?

By College Raptor StaffLast updated on April 9, 2025
The thought of graduating with a mountain of debt can be more than daunting. It can be frightening. Is it really worth taking all those loans just to get a college education? Is there a bright side to student loans that makes it worth it? The truth is, there are benefits to taking student loans, …
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questions & answers

Do Early Student Loan Payments Have Additional Fees?

By College Raptor StaffLast updated on March 25, 2025
Paying back your student loans early is often recommended as one of the best ways to  lower your overall debt. But there is some confusion as to whether doing this can attract additional fees. Here’s some clarification on this issue. Borrowers’ Fees Before 2008, private lenders could use their discretion and impose a penalty on …
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questions & answers

What Is Economic Hardship Deferment?

By Ellen AndersenLast updated on March 24, 2025
Economic Hardship Deferment is a student loan borrower protection. It allows borrowers to temporarily defer payments toward their loans. If the borrower has a subsidized loan, it will not accrue interest throughout the deferment period. Deferment periods are taken in one-year increments, up to three years total. This deferment plan is only eligible to people …
Which Is Better: Fixed Rate Or Variable Rate Loans?
questions & answers

Which Is Better: Fixed Rate Or Variable Rate Loans?

By College Raptor StaffLast updated on February 25, 2025
As you’re applying for college, you’ll most likely end up looking at student loans. Student loans are complicated enough, but what about the accompanying interest rates? Fixed rate and variable rate loans are another factor to look into before deciding on a student loan. The basic concept behind a fixed rate and a variable rate is …
Like a suit of armor, protect your loans with student loan borrower protections
questions & answers

What Are Student Loan Borrower Protections?

By College Raptor StaffLast updated on March 6, 2025
Choosing to borrow money to go to school is a big decision. You may have several loan offers to choose from, many of which may sound very attractive. Before you choose any one loan, however, it is important to make sure you are aware of your rights and the student loan borrower protections available to …
Here are some ways you can get out of student loan default
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How Do You Get Out of Student Loan Default?

By Allison WignallLast updated on March 25, 2025
Well, the best way to get out of student loan default is not defaulting on your student loans in the first place. However, if you have already defaulted on your federal student loans, there are ways to get out—in fact, there are four major options. Pay Off the Loan in Full Let’s start off with …
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questions & answers

What are Competitive Student Loan Interest Rates?

By Allison WignallLast updated on March 25, 2025
You may have heard the term “competitive interest rates” while browsing around for a good student loan option. But what exactly makes an interest rate competitive? Interest Rate Percentage The percentage of the rate isn’t the only factor that makes a rate competitive. If Company A offers a loan with a 2.65% rate, and Company …

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