All Student Loans Articles

Dollar bills stacked on the corner of a laptop.
student loans

Can you get a student loan before enrolling in college?

In short, yes, you can apply and secure funds for a student loan before enrolling into college. But you will not receive the funds until you start school. It’s important to know all the facts about student loans before you go to college. There are multiple loan types that have different interest rates, payback options, …
The Public Service Loan Forgiveness program is getting a temporary extension.
student loans

Changes To The Public Service Loan Forgiveness Program

On October 6, 2021, the Education Department announced several changes to the Public Service Loan Forgiveness (PSLF) program. This should come as a relief to thousands of federal student loan borrowers. The changes will help qualified borrowers get relief earlier than they had hoped. Qualified borrowers include nonprofit employees and public servants such as government …
consolidating federal student loans
student loans

Pros and Cons of Consolidating Federal Student Loans

It’s important to understand the pros and cons of consolidating federal student loans before choosing this option. Consolidating federal student loans involves combining many federal loans into one loan. Resulting with one monthly payment amount and one payment due date. With less loans to track, it reduces the risk of missing a payment. There are …
pause on student loan payments
financial advice & planning, student loans

Student Loan Payments Are Paused Till May 01, 2022 – Should You Pay Anyway?

There are some compelling benefits to making federal student loan payments even though the pause has been extended. However, this may not necessarily be the best option for everyone. Whether you should pay or not depends largely on your financial circumstances. The student loan pause or forbearance was initiated by the federal government in 2020 …
should i refinance my federal student loans
financial advice & planning, student loans

Should I Refinance My Federal Student Loans Before The Moratorium Ends?

The federal student loan moratorium is set to end May 1, 2022. Loan payments as well as interest are set to resume after that. The question on most borrowers’ mind right now is: ‘Should I refinance my federal student loans before the moratorium ends?’. It’s not surprising that everyone’s got refinancing on their mind. Interest …
student loan payments restart
financial advice & planning, student loans

12 Things To Do Before Student Loan Payments Restart On May 01, 2022

Initiated as a COVID-19 emergency relief measure in early 2020, the student payment pause has been extended several times over the past two years. The latest extension was announced by President Joe Biden in mid-December 2021. According to that announcement, student loan payments restart on May 01, 2022. The two year payment pause has given …
student loans

What Are Student Loan Rehabilitation Programs?

Student loan rehabilitation programs are designed to offer students a structured path out of default. The U.S. Department of Education created this program specifically for federal Direct and FFEL loans. Federal Direct and FFEL loans go into default when the payment is not made for 270 days or more. This carries a series of serious …
College student on phone with her student loan lender
student loans

Student Loans Cost More Than Just The Principal Balance

Everybody knows that student loans are not free money – they come at a price. Unfortunately, many students underestimate exactly what that price is. There are interest and fees and sometimes even penalties. All in all, student loans cost more than just the principal balance. Let’s break it down.  The True Cost of Student Loans …