Are You Eligible for Student Loan Forgiveness?

According to a report published by the National Student Loan Data System for Students, an estimated 25% of the American workforce may be eligible to benefit from forgiveness programs. However many people lose out of the benefits of loan forgiveness simply because they presume they are not eligible. Taking the time to learn about how …

Can Student Loans Be Used For Living Expenses?

The easy answer would be yes, student loans can be used towards living expenses. When your student loan application is approved, you are allowed to use part of it to take care of necessities. This is intended to make it easier for students to get the basic necessities so they have more time to study …

3 Common Myths Surrounding Student Loan Consolidation

Student loan consolidation allows you to combine multiple federal student loans into one loan so that you make only one payment every month instead of multiple payments. This option offers several benefits to borrowers. Unfortunately, the myths surrounding student loan consolidation cause a lot of confusion resulting in many students making the wrong decision, which …

What NOT To Do With Your Student Loan Money

Sometimes when you receive student loans, you may receive a bit more than your tuition actually costs. While it occasionally will just be a few hundred dollars, some students may receive thousands of extra aid. It can be tempting to use the cash for something other than school. Here are a few things you should …

Student Loan Borrower Benefits: What are They?

Have you looked into applying for loans to help you pay for college? Loans can be a good option for many students—after they exhaust all scholarship, grant, and work study options, of course. In your research, you might have come across something called borrower benefits. Put simply, these could be considered small rewards or incentives …

What Does it Mean to Consolidate Your Student Loan?

There’s no doubt about the amount of financial terminology and legalese that surrounds student loans. (Luckily we have a few posts that break down terminology and acronyms you’re likely to come across). For now, let’s focus on just one of those terms: “Consolidate.” No doubt you’ve heard the phrase “consolidate your loans” but what does …

A Beginner’s Guide to Student Loans

You’re headed to college. You’ve decided that in order to help pay your steep tuition rates, student loans are the way to go. There’s only one problem: you don’t how to acquire a student loan. That may seem like a massive roadblock, but after a quick run-through of some basic terminology and concepts involved in …

Emerging Trend: Employers and Student Loan Relief Programs

In today’s day and age, with student loan rates climbing quickly, it’s very important to have a plan to repay your debts once you graduate. There are many different ways to acquire a loan, with all having one thing in common: you need a concrete plan to pay them back. Luckily for millennials going out …