student loans

What’s The Difference Between Preapproved And Prequalified For Student Loans?

By College Raptor StaffLast updated on December 22, 2022

‘Preapproved’ and ‘prequalified’ are sometimes used interchangeably when discussing student loans. That’s not right however. The only similarity between the two is that they are both parts of the student loan process. Other than that, both of these terms are completely different. What Is Prequalification? Prequalification is basically an estimate of how much you may …

student loans

What Parents Can Do To Lower Student Loan Interest Rates

By Hilary CairnsLast updated on January 24, 2023

Parents: Did you know you can help your students get lower interest rates on their loans? Or that you may qualify for lower interest rates if you opt for a parent PLUS loan? Here are just three steps you may want to take to save you and your child some cash in the long run. …

student loans

6 Important Pieces of Student Loan Refinance Advice

By College Raptor StaffLast updated on December 22, 2022

Student loan refinancing offers several benefits. When you refinance, you exchange your old high-interest student loans for a new loan with all new terms. You could get lower interest rates, lower monthly payments, or different terms depending on what your goals are. The key to enjoying the benefits of student loan refinance advice is to …

student loans

Here’s What You Need to Know About COVID-19 and Student Loans

By College Raptor StaffLast updated on December 22, 2022

Coronavirus is affecting all aspects of our lives, and yes, it is also higher education. Here are some of the most important things you should know about COVID-19 and student loans. Introduction of the CARES Act In response to COVID-19, the federal government has introduced a new law, the Coronavirus Aid, Relief, and Economic Security …

student loans

How Do You Qualify For Student Loan Forgiveness?

By College Raptor StaffLast updated on March 24, 2025

Federal student loans offer several benefits that private student loans don’t offer. One of these benefits is being able to qualify for student loan forgiveness. The student loan forgiveness program is a special type of benefit established by the federal government. It is only applicable to federal student loans, and that too, only certain types …

student loans

The Average Student Loan Debt in America | 2023

By College Raptor StaffLast updated on March 5, 2025

The cost of obtaining a college education has been increasing steadily over the years. Today, most college students require the help of scholarships and student loans to cover the costs. However, the average student loan debt has risen along with the price-tag of college. Here’s a look at the average student debt in the U.S. in 2023. Important Things …

student loans

How To Protect Yourself From New Student Loan Scams

By College Raptor StaffLast updated on March 6, 2025

Looking for student loans can be a trying process. When you’re under that kind of stress, it’s easy to fall prey to student loan scams. Scammers work by offering you a tempting easy solution to your problem. Unfortunately, instead of resolving anything, it just throws you further into debt. Knowing how to protect yourself from …

student loans

What Is Student Loan APR? Why Is It Important?

By College Raptor StaffLast updated on March 24, 2025

When you start researching student loans, you will come across several new terms. Sometimes it’ll feel like learning an entirely new dictionary. Each new term is vital to understand, however, since they will play a part in your finances. One such term that’s overlooked or misunderstood is APR—or Annual Percentage Rate. Let’s take a look …

student loans

Betsy DeVos in Trouble for Violating Student Loan Court Order

By College Raptor StaffLast updated on December 22, 2022

U.S. Magistrate Judge Sallie Kim has found that Secretary of Education Betsy DeVos violated her court order to stop going after the debts of former students of defunct Corinthian Colleges. Instead, DeVos continued telling them to make payments toward debt they had accrued. There would be nothing unusual about this if the school was still …

student loans

Do Student Loans Help or Hurt Your Credit Score?

By Hilary CairnsLast updated on December 18, 2024

Building good credit is a vital part of a person’s financial future. So students – if you aren’t thinking about your credit score now, you should be! Your credit score could affect everything from your ability to buy a car to qualifying for a mortgage. And much of a person’s credit history starts in college …