The subject of student loans is mired in misconceptions and myths. One thing that many students wonder about is whether or not their GPA affects their student loans. Some students think it does, some think it doesn’t. So what’s the right answer—does GPA affect student loans or not? Let’s take a look at the relation between …
Can You Change Student Loan Repayment Plans?
When you sign up for a student loan—whether federal or private—you’ll also sign up for a certain repayment plan. Options will vary from loan to loan. As time goes on, you may find that the monthly payments are too high, or that you’d save more money on a different plan. So it begs the question: …
Does Having Financial Need Affect Your Acceptance Odds?
When it comes to college, there are two major things most students and families think about: getting accepted and paying for it. They are two big pillars of the college process, and one can greatly affect the other. So it begs the question: does having financial need affect your acceptance odds? How to Find My …
How Are Student Loan Interest Rates Calculated?
If you took out student loans, you know that you have deal with interest rates. Interest rates have a big affect on the overall cost of your student loan. But how the interest rates are calculated for each type of student loan? We outline the answers below: How Federal Loan Interest Rates are Calculated The …
Federal Student Loan Interest Subsidy: What Is It?
When it is time to start repaying your federal student loans, if you are not earning enough to cover your monthly payments, you have the option of choosing an income-driven repayment plan. While researching these, you may have come across the term ‘federal student loan interest subsidy.’ Let’s dive into what that means. Income-Driven Repayment …
Are There Penalties to Paying Off Student Loans Early?
Student loans, both private and federal, have very specific repayment plans attached to them. These plans outline interest rates, monthly payment amounts, strict terms and conditions, and estimates on how long it’ll take to repay the loan. Additionally, the plans lay out how many years it will take for you to pay off the loan …
Should I Pay Off My Private or Federal Student Loans First?
If you have multiple students loans from multiple sources, you may be wondering the best way to start repaying your debts. It can be a daunting challenge to even consider tackling. Should I Pay Off Private or Federal Loans First? As a general rule of thumb, you should pay off your private student loans first. …
Can My Federal Student Loan Grace Period Change?
The standard federal student loan grace period lasts six-months after a student graduates from college. After that half-year, it’s time to start repaying the loan with interest. But that’s just the standard, what can cause a grace period to change? Active Military Duty No matter the military branch, if you’re called to active duty you …
What Happens At Financial Aid Night?
Every year, in the fall, almost all schools across the US hold Financial Aid Nights. The main purpose of financial aid night is to simplify the complex financial aid process for prospective college students. If you are a junior or senior in high school, you should try and attend Financial Aid Night with your parents! …
What Information Will I Need to File the FAFSA?
A lot of students wonder how they can afford college. Well, that starts with the FAFSA. Filing the FAFSA is one of the most important financial aid tasks you need to accomplish. It opens the gate to federal scholarships, loans, and work study programs. More than that, many outside scholarship opportunities require you to have …