All Student Loans Articles

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student loans

What You Need To Know About The Standard Repayment Plan

If you do not choose a specific repayment plan when you take a federal student loan, the Standard Repayment Plan is considered as your default choice. Details of the Standard Plan With a Standard Repayment Plan, you pay off your loans within 10 years. Under the terms of this plan, your entire loan (principal plus …
A variable interest rate carries certain risks but is it worth it?
student loans

Is Choosing A Variable Interest Rate Worth The Risk?

Federal student loans come with a fixed rate of interest, which remains constant till your debt is cleared. Private student loans come with fixed interest rates and variable rates. At the time of taking the loan, you will have to choose from one of these two options. This is no small decision to make. Variable-rate …
There are pros and cons of refinancing your student loans
student loans

Pros and Cons: Refinancing Your Student Loans

Refinancing your student loans involves replacing your existing loans with a new private loan. Student Loan Refinancing benefits many students balance the many loans they may have. More importantly, is refinancing the right choice for you? Knowing the pros and cons will help you make the right decision. Pros Of Refinancing Student Loans Lower rate …
Here are some frequently asked questions about federal student loans
student loans

FAQs About Federal Student Loans

Getting started with federal student loans? You likely have a bunch of questions. So we’ve gathered some of the most common questions people have about these loans and answered them for you! 1. What are federal student loans and how do they work? Federal student loans are loans that are offered by the government to …
Learn all about private loan repayment options
student loans

All About Private Loan Repayment Options

The type of student loan repayment plan you choose is almost as important as the loan itself. A repayment plan dictates the terms of paying back your loan. That also includes when you start making payments and how much those payments are. Your repayment plan can influence your ability to make repayments as well. Assuming …
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student loans

FAQS About Private Student Loans

There are a lot of questions that come with student loans, and we aim to answer quite a few of them! What are private student loans? Private student loans are loans offered by banks and other private lending institutions to college students to help cover all or part of their college education costs. How are …
One repayment method is a graduated repayment plan.
student loans

Pros and Cons of Graduated Repayment Plans

After graduation, you have quite a few options when it comes time to repay your student loans. One of those options is a graduated repayment plan. This plan works by starting your payments lower and raising them slowly over time. Here’s a rundown of what that means for you as well as the pros and …
How can grad PLUS loans help you afford grad school
student loans

Things to Know About Grad PLUS Loans

You got into graduate school! That’s amazing, but that also means you have to pay for grad school. How do you do that? Grad PLUS Loans are federal student loans that students can take to cover the costs of grad school. Only students attending programs in a graduate or professional school are eligible to take …
Federal consolidation loans can be a huge relief to students with loans
student loans

9 Important Facts About Federal Consolidation Loans

Federal Direct Consolidation Loans are a type of loan that merges multiple federal student loans into a single loan. The single biggest advantage of federal consolidation loans is that you only have to make a single monthly payment as opposed to making multiple payments on different days of the month. It’s definitely more convenient and …
What exactly are direct consolidation loans
student loans

What Are Direct Consolidation Loans?

Direct Consolidation Loans are one single loan that you end up with if you choose to combine multiple federal student loans. Advantages of Direct Consolidation Loans The main reason why students combine their federal student loans into a single Direct Consolidation Loan is convenience. Borrowers who refinance and consolidate their loans only have to keep track …

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