Student loans come from two major sources: the federal government and private lenders. Both of these have completely different terms and conditions, interest rates and repayment plans. Federal student loans should be your first pick of the two. They offer lower interest rates and more flexible terms. Take the time to learn about the different …
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How To Make A Student Loan Repayment Strategy Before You Graduate
Waiting till after your payment term starts ‘to see how it goes first’ before making a plan can be a huge mistake. Paying back student loans can get stressful very quickly. Making a loan repayment strategy even before you graduate will help you avert any potential disasters. Smart Strategy for Paying Back Student Loans Start …
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FAQ About Credit Scores And Student Loans
Most students would not have had much opportunity to build their credit history by the time they are ready to start college.This begs a few questions – will having no or little credit make it that much more difficult to get a student loan? If you do manage to get a loan with no credit …
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How To Pay Off Student Loans: Start with the Highest Interest
There’s a lot of advice out there on how to pay off student loans. The truth is, there is no one way that works best for everybody. You have to take time to understand the options available and choose one that is best suited to your short-term financial circumstances and your long-term financial goals. How To …
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3 Things You Can Do To Lower The Overall Cost Of Your Student Loan
After exhausting scholarships, grants, and federal aid, student loans can fill the gap and allow students to pay for college. Many students would never be able to realize their dream of getting a higher education without student loans. However, the thought of the student loan interest you have to pay on any money you borrow …
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Student Loan Scams: 4 Red Flags
With student loan debt soaring into the trillions, an unsolicited e-mail or phone call from a company claiming that they can help forgive and eliminate your student loan debt may seem like a dream come true. But beware—this dream is more likely to turn into a nightmare. Student loan scams are more rampant than you may …
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Education Dept. Plans to Reform Student Loan Repayment System Fall Through
12/19/2018 Nobody said that the government, federal student loans, student debt, and repayment plans were simple concepts. They interweave in often frustratingly complicated ways. More often than not, loans leave borrowers scratching their heads. When it comes time to their student loans, people are often confused and do not know how to even start repaying. …
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Should You Give Up Your Grace Period And Start Repaying Loans Sooner?
With most student loans, you get a grace period before you have to start making your loan repayment. The student loan grace period is usually set for a fixed period of time. It starts from your graduation day or from the day you leave school. So why would you ever want to give up your …
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How To Be Eligible For Student Loan Refinancing And Consolidation
A lot of college students end up taking out student loans, sometimes even multiple ones. Of course, that also means repaying those loans. Knowing how to consolidate and refinance student loans is important if you have borrowed money to finance your college education. Both of these processes can help take the stress out of dealing …
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How Much Can You Take Out In Private Student Loans?
College is expensive. On top of tuition and board, a student needs to worry about balancing funds for food, college activities and other extra spending. After scholarships and grants, student loans can at least help cover the cost of tuition. Most federal student loans have limits in how much you can take out, but what …
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