All Student Loans Articles

College student on phone with her student loan lender
student loans

Student Loans Cost More Than Just The Principal Balance

By College Raptor StaffPublished on June 1, 2021
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 …
A student holding a red binder.
student loans

What’s The Difference Between Preapproved And Prequalified For Student Loans?

By College Raptor StaffLast updated on November 30, 2021
‘Preapproved’ and ‘prequalified’ are sometimes used interchangeably when discussing student loans. That’s not right however. The only similarity between the two is that they are both parts of the student loan process. Other than that, both of these terms are completely different. What Is Prequalification? Prequalification is basically an estimate of how much you may …
A student holding a red binder.
student loans

6 Important Pieces of Student Loan Refinance Advice

By College Raptor StaffLast updated on March 8, 2022
Student loan refinancing offers several benefits. When you refinance, you exchange your old high-interest student loans for a new loan with all new terms. You could get lower interest rates, lower monthly payments, or different terms depending on what your goals are. The key to enjoying the benefits of student loan refinance advice is to …
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student loans

How Do You Qualify For Student Loan Forgiveness?

By College Raptor StaffLast updated on November 26, 2021
Federal student loans offer several benefits that private student loans don’t offer. One of these benefits is being able to qualify for student loan forgiveness. The student loan forgiveness program is a special type of benefit established by the federal government. It is only applicable to federal student loans, and that too, only certain types …
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The Average Student Loan Debt in America | 2019

By College Raptor StaffLast updated on May 10, 2021
The cost of obtaining a college education has been increasing steadily over the years. As of 2019, this cost has reached an all-time high. Nowadays, most college students require the help of scholarships and student loans to cover the costs. However, the average student loan debt has risen along with the price-tag of college. Here’s …
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student loans

How To Protect Yourself From New Student Loan Scams

By College Raptor StaffLast updated on May 31, 2021
Looking for student loans can be a trying process. When you’re under that kind of stress, it’s easy to fall prey to student loan scams. Scammers work by offering you a tempting easy solution to your problem. Unfortunately, instead of resolving anything, it just throws you further into debt. Knowing how to protect yourself from …
A man in a suit holding up a sign that says "Annual Percentage Rate"
student loans

What Is Student Loan APR? Why Is It Important?

By College Raptor StaffLast updated on November 26, 2021
When you start researching student loans, you will come across several new terms. Sometimes it’ll feel like learning an entirely new dictionary. Each new term is vital to understand, however, since they will play a part in your finances. One such term that’s overlooked or misunderstood is APR—or Annual Percentage Rate. Let’s take a look …