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 …
The Most Important Things To Know About Your Student Loans
Whether you already have student loans or you’re preparing to take some out, it’s important to know some things about the loans. If you’re not sure the answers to these three questions, it’s time to take a closer look. What Is Your Interest Rate? Your interest rate is one of the most important parts of …
3 Warning Signs That Mean You Should Consolidate Your Student Loans
Student loan consolidation allows you to combine multiple student loans into a single loan. You may not have given a thought to consolidating your student loans earlier, and that’s okay. Not everyone will want to choose this path. However, in some instances consolidation is the right choice and will make things so much easier for …
Fees Associated With Student Loans
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?
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 …
More Than Just Credit Score: What Private Lenders Will Look At
Getting a private student loan can be challenging as private lenders require you to submit a detailed financial profile so they can determine whether or not you are likely to be a responsible borrower. Everybody knows the first thing a lender will check is the borrower’s credit score. This one detail tells them a lot …
How To Discharge A Federal Student Loan
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
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
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 …
5 Signs A Certain Student Loan Lender Is Right For You
Student loan debt is stressful enough, the last thing you need is to be stuck with the wrong lender who only damages your financial situation even more. Here are 5 signs to watch for to help you determine whether or not a specific student loan lender is the right lender for you. They Work with …
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