Student Loans

How to Release a Student Loan Co-Signer

Pens and pencils a co-signer might use student loans

When it comes to getting student loans, most young borrowers will need a co-signer in order to qualify for a loan. Co-signers, in essence, are responsible for paying back a loan if the borrower is somehow unable to. This can hurt the co-signer’s personal finances and credit score if things go badly. So is it …

Fees Associated With Student Loans

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When taking out a student loan, these two most important factors you need to look at are the interest rate and the repayment terms. However, those are not the ONLY two factors you should be looking at. It is equally important to check out the fees associated with the different types of student loans. These …

What’s Better: Student Loan Consolidation or Refinance?

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Let’s start with a setting the record straight on a common misconception – Student loan consolidation is not the same as student loan refinance. Although both programs involve changing loan terms or interest rates, the similarities end there. Consolidation and refinance are in fact two distinctly different options. When Consolidation May Be the Better Option …

How To Discharge A Federal Student Loan

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When you take out federal student loans, your debt does not go away until you have the paid off all loans in their entirety. If you are struggling to make your monthly payments, there are forbearance and deferment programs available that help defer the payments for up to three years but at the end of …

How to Get Out of Student Loan Delinquency

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It’s the stuff of college student nightmares. What do you do if you just do not have the money to make your monthly student loan payments? Missing payments for 270 days will result in loan delinquency, which will only make matters worse. These two tips will help you tackle your student loan delinquency and keep …

How Adverse Credit Affects Federal Student Loans

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When it comes to student loans (or loans of any sort, really), credit history plays a large role. Many college-bound students won’t have a significant credit history, and will require a co-signer in order for lenders to loan them money. However, there are certain federal student loans that are geared more towards parents. Direct PLUS …