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Many students look for scholarships to fund their college education. While researching scholarships and scholarship application tips, you may have come across the phrase “tailor your essays” or “personalize your application.” But what exactly does that mean, and how do you do tailor or personalize a scholarship essay? What are Tailored / Personalized Essays? “Tailor-made” …

These days, the vast majority of college students have to take out loans of varying amounts in order to pay for their education. In 2016 70% of graduates left school with outstanding loans with an average debt of $37,000 apiece. It’s pretty clear that if you’re concerned with paying your tuition, you’re not alone. Loan …

On September 30, 2017, after sixty years of operation, the Federal Perkins Loan will cease to exist. The program’s shutdown has been in the works for sometime. Originally, the death of the Perkins Loan was scheduled for two years prior, September 30, 2015, but a piece of legislation, the General Education Provisions Act, extended its …

If you’re new to the world of student loans, and you see the term “lender” or “servicer” you might mix the two up. Though some places use the titles interchangeably, it can lead to confusion. So let’s clear up the difference between a student loan servicer vs lender! What is a Student Loan Lender? Lenders …

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, …

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 …

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 …