All Student Loans Articles

Student applying for a loan.
student loans

A Step By Step Guide: How to Take Out Student Loans

Learning how to take out student loans is an important skill in the college application process. Most families in America can’t afford to pay for their kid’s college tuition using their personal finances alone. After exhausting scholarships, grants, and work-study programs, students turn to loans to pay for college. When you start looking for student loans, …
Here are things you need to know about forbearance
student loans

What Does Forbearance Mean?

Forbearance is a special type of program that gives students temporary relief from making their loan payments. This is a great alternative for students if money is tight and they cannot afford to make their scheduled loan payments. Unlike when you defer your student loans, where the outstanding payment does not accrue any interest, under forbearance …
A teacher sitting at a desk in front of a computer.
student loans

Are You Eligible for Student Loan Forgiveness?

According to the National Student Loan Data System for Students, around 25% of the American workforce may be eligible for forgiveness programs. However many people lose out of the benefits of student loan forgiveness simply because they presume they are not eligible. Take the time to learn about how student loan forgiveness works and also …
Living on campus may make you homesick.
student loans

Can Student Loans Be Used For Living Expenses?

The short answer is yes, you can use student loans for living expenses. Student loans aren’t meant to cover only tuition and textbooks. They are intended to make it easier for students to get the basic necessities so they can focus on their education instead of worrying about how they’re going to pay for college. …
There are some myths surrounding student loan consolidation
student loans

3 Common Myths Surrounding Student Loan Consolidation

Student loan consolidation allows you to combine multiple federal student loans into one loan so that you make only one payment every month instead of multiple payments. This option offers several benefits to borrowers. Unfortunately, the myths surrounding student loan consolidation cause a lot of confusion resulting in many students making the wrong decision, which …
student loans

What NOT To Do With Your Student Loan Money

Is it illegal to spend student loan money? Even if it isn’t illegal, should you spend your student loan money on unrelated purchases? The big question is, are you allowed to do that? When you apply for a federal student loan, the funds are disbursed directly to your school. The school’s financial office deducts what it …
student loans

Student Loan Borrower Benefits: What are They?

Have you looked into applying for loans to help you pay for college? Student Loan Options Loans can be a good option for many students—after they exhaust all scholarship, grant, and work study options, of course. In your research, you might have come across something called borrower benefits. Put simply, these could be considered small …
Put the pieces of the puzzle together by knowing what consolidate your student loan means
student loans

What Does it Mean to Consolidate Your Student Loan?

Consolidating student loans involves combining multiple federal student loans into one loan with one monthly payment amount and one due date. Consolidation is applicable only to federal student loans. The only way to combine private student loans is by refinancing. Student loan consolidation offers several benefits but there are also a few downsides that you …
A dark blue background with white text overlayed that says "student loans 101."
student loans

A Beginner’s Guide to Student Loans

You’re headed to college. You’ve decided that in order to help pay your steep tuition rates, student loans are the way to go. There’s only one problem: you don’t how to acquire a student loan. That may seem like a massive roadblock. But, after a quick run-through of some basic terminology and concepts involved in …

Subscribe to Our Newsletter

Join thousands of students and parents learning about finding the right college, admissions secrets, scholarships, financial aid, and more.