Understand How Student Loan Deferment Works

If you are struggling to make your monthly student loan payments due to financial hardship, a medical emergency, or some other life circumstances, you may be qualify to apply for a student loan deferment. Student loan deferment allows you to suspend all loan payments temporarily for a period of time, so you can use your …

4 Things You Must Understand About Student Loan Debt

Taking student loans is often the only way that most students can fund their higher education. It has in fact become so commonplace that students don’t think twice about taking on huge loans just so they can attend the most prestigious college on their shortlist. Unfortunately, some student loan applicants mistakenly presume that once they …

Pros and Cons of Hybrid Rate Loans

There’s a lot of loan jargon that students have to be familiar with before they feel comfortable making decisions that impact their financial future. Terms like “annual percentage rate,” “cancellation time-frame,” and “discretionary income” seem imposing at first, but once you break them down, everything becomes more simple. This rule holds fast for hybrid rate …

A Breakdown of Student Loan Borrower Protections

When taking out student loans, borrowers need to be aware of the protections they have. It’s very important to do plenty of research into borrower protections before signing the dotted line. Read the fine print carefully before you agree to any loan, federal or private, that you take out.  Repayment Options Federal loans will offer …