A Breakdown of Student Loan Borrower Protections

When taking out student loans, borrowers need to be aware of the protections they have. It’s very important to do plenty of research into borrower protections before signing the dotted line. Read the fine print carefully before you agree to any loan, federal or private, that you take out.  Repayment Options Federal loans will offer …

Tips For Getting The Lowest Student Loan Rates

Did you know that private student loans have varying rates of interest? This means you can shop around for loans and find some pretty good deals. You cannot do this with federal student loans. Those rates are set for the year and are fixed for that particular year. They are also the lowest rates you …

Student Loan Borrower Protections 101

After you graduate college, you (and your co-signer if you have one) will be responsible for repaying any student loans you’ve taken out, private, federal, or both. Some loans, like federal loans, will have a six month grace period after you graduate or leave school, while others will require payment immediately. However, before you get …

What Can Parents Do If They Have Been Denied A PLUS Loan?

The PLUS Loan for Parents is a federal loan program that allows parents to borrow money to fund their child’s college education. One of the main criteria in determining the parent’s eligibility for PLUS is their credit history. While the requirements for PLUS are not as rigorous as most other types of loans, in order …

Responsibilities of Being a Student Loan Co-Signer

In any area of life, it’s generally a good idea to be aware of what something entails before you sign your name to it. When it comes to anything that involves your finances, though, you need to be extra vigilant. If—and when—someone asks you to co-sign their student loan, you should read every single word …

Pros And Cons Of Taking Out Multiple Student Loans

Some students end up taking multiple student loans simply because one loan is just not enough to cover the cost of their college tuition. Taking out multiple student loans is not all-good, neither is it all-bad. There are a few pros and a few cons to this. Pros of Taking Out Multiple Loans Different loans …