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 …
What is Wage Garnishment in Regards to Student Loans?
While going over student loan repayment terms and details, you may have come across the term ‘wage garnishment’ among them. But what exactly is wage garnishment? What is Wage Garnishment? Wage garnishment occurs when you’ve taken out a federal student loan and have not begun to pay it back upon gainful employment. When this happens, …
Should I Start Repaying My Student Loans During College?
Student loans have a variety of repayment plans. Many student borrowers opt to utilize the grace period—a six month period after graduation where they don’t have to make monthly payments on their student loan debt. However, there is an option to start repaying the student loan back as soon as you take it out. But …
GPA Costing You A Scholarship? 5 Ways to Boost Your Grades and Gain Financial Help
With the cost of attending college continuing to skyrocket, financial aid in the form of scholarships is becoming more important than ever before. But many of these scholarships provided by the government, universities, and even private institutions rely on your grades. Many scholarships require a minimum GPA to earn assistance as well as keep it …
Should I Refinance ALL Of My Loans?
Many college students end up taking out loans to pay for college. In turn, they graduate with some amount of student loan debt. Student loan refinancing is the preferred solution for borrowers looking for a way to lower their monthly payments, get a lower interest rate, or otherwise renegotiate the terms of their loans. This …
Should I Consolidate ALL Of My Student Loans?
By the time you graduate, you probably have taken multiple loans. This can make the monthly payments quite overwhelming as you have to keep track of different amounts to be paid back over different dates every single month. This is where the option to consolidate multiple student loans into one can come as a huge …
What’s a FSA ID and Why is it Important for Financial Aid?
There are enough acronyms used in financial aid to make your head spin. While filing the FAFSA (Free Application for Federal Student Aid) you may come across the term FSA ID. But what exactly is that? The FSA ID It stands for Federal Student Aid Identification. This handy little ID is comprised of a username …