Should You Take Out More Than One Student Loan?

A vast majority of college students find themselves forced to take out student loans in order to get through school. As tuition rates are at an all-time high, you’re probably feeling the stress of trying to pay your way through college. It’s possible that, like many students, you’re considering taking out another loan to make …

What are “Hybrid Rates” for Student Loans?

So you’ve graduated high school, and before you can stop Green Day’s “Good Riddance (Time of Your Life)” from playing on repeat in your head, your parents have approached you to have a conversation about student loans. It’s time to get down to business. If you have no idea how to approach the topic, don’t …

What is Fixed-Rate Tuition?

If you’re headed off to college for your freshman year, you have to be prepared for an avalanche of new challenges, most of which are unlike anything you’ve faced before. For many students, the college experience is the first time they’ve stepped away from home for more than a short summer, and, in turn, the …

Are Student Loans Taxable?

Like the vast majority of college students, the student loan process is probably your first introduction to the complex world of borrowing, lending, taxation, and repayment. When you first look at the numbers you’ll eventually be responsible for paying back, you might feel a bit overwhelmed. College tuition is expensive, the costs are only rising, …

Which Student Loans Should You Pay Off First?

Prioritization is one of the most important skills you’ll cultivate throughout your college career. Because of time constraints and finances, you’ll have to determine what is most important to you, and accomplish your tasks in an appropriate order. Simply put, if you want to go to a party on a Thursday night, you better make …

How Does Divorce Affect Financial Aid Applications?

Filing out financial aid applications, more specifically the FASFA (Free Application for Student Financial Aid), can be daunting already for many students. However, with those who have divorced parents, it’s important to understand how that may affect your application and awarded financial aid. Who is Your Custodial Parent? The parent who completes the financial aid …

Should You Lower Your Student Loan Payments Or Not?

When it comes to whether or not you should lower your student loan payment, there is no one answer that is right for everyone. In general, lowering loan payments is not recommended as it increases the accrued interest and you end up paying much more than if you continue making the payments you agreed on. …