All Questions & Answers Articles

Many college students end up taking out student loans. We know that student loans are used to pay for college, obviously, but “pay for college” is a pretty broad description. So what can a student loan pay for? Let’s narrow it down a bit: Tuition & College Fees This is often what people first think …

DRN stands for Data Release Number, but what does that mean in context with the FAFSA? We explain more below. Financial aid is already complicated and potentially frustrating. And that’s not including all the acronyms involved. When it comes to financial aid, there is a whole dictionary of acronyms you’ll come across. DRN, FAFSA, EFC, …

Some students don’t bother looking for scholarships because they don’t think they’ll qualify for any. There’s a persisting myth that in order to have a chance at winning scholarship money you have to have significant financial need. However, that’s not true of all scholarships. There Are Student Finance-Based Scholarships, But… While there are plenty of …

No, personal loans are most definitely not a better option than student loans. Personal loans should be your very last resource for borrowing money for college. If possible, they should be avoided altogether. Here are three reasons why: Higher Interest Rates Interest rates on personal loans vary depending on your credit score. As you would …

With today’s soaring tuition fees, the question on everyone’s mind is: how do you pay for college? While there are many sources of aid and funding, two options stand above the rest. The two best sources to start with are the FAFSA and scholarships. FAFSA Filling the FAFSA (Free Application for Federal Student Aid) is …

When you’re applying for (or repaying) student loans, you’re going to come across quite a few terms that you may not quite understand. One of these terms is your student loan “principal balance.” Here’s a quick rundown of what that means for your student loan debt. What is “principal balance?” The principal balance is the …

You know you will be heading off to college after high school and that means you are likely to be looking for student loans. While building and having a credit history does not matter when it comes to federal student loans, it can make a huge difference when borrowing money from private lenders. The Importance …