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federal student loan interest rate
questions & answers

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 …
A watch on a wallet because time is money. Should you pay off student loans early?
questions & answers

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 …
A smiling male graduate student facing the Dean.
questions & answers

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 during financial aid night?
questions & answers

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! …
Absolutely file the FAFSA
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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 …
A crumpled dollar bills.
questions & answers

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, …
A student writing in a notebook at their desk.
questions & answers

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 you refinance all of your student loans?
questions & answers

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 …