Myth: Only Federal Loans Have Forbearance Options

myths

A lot has been written about forbearance options being one of the many benefits of federal student loans but what is generally overlooked is the fact that some private lenders also offer borrowers this option. Forbearance Options Forbearance allows you to postpone your monthly payments temporarily for a fixed period of time. This can come …

More Myths About Student Loan Refinance And Consolidation

myths

When looking for ways to manage your loan repayment you will come across the terms ‘refinancing’ and ‘consolidation’. While both of these are offer practical alternatives to managing your student loans, they may not always be the best option for all borrowers. Moreover, there are several myths out about student loan refinance and consolidation that …

5 More Scholarship Myths 

myths

You’ve read about the 5 most common scholarship myths that stop many students from applying for free money that could be used to pay for college. Unfortunately, those aren’t the only scholarship myths out there. We’ve put together 5 more scholarship myths that you should not to believe in. Myth #1: I can apply for …

Myth: Federal Student Loan Repayment Plans are Rigid and Inflexible

myths

The government is infamous for its red tape and paperwork. It can sometimes feel like you’re doing back-flips and jumping through hoops just to get things done. Add that mentality to student loans, and it’s no surprise that many people avoid federal student loans for fear of inflexibility and strict rules. However, it’s highly recommended …

Myth: I Don’t Need to Look for Scholarships, My College Will Provide Financial Aid

myths

When it comes to scholarships, there are three major sources: the federal government, the colleges, and outside organizations / individuals. While colleges can indeed provide hefty financial aid packages that can greatly reduce your tuition cost, they probably won’t be able to cover the full amount. Scholarship Search Scholarships are the best way to pay …