How Federal Student Loan Forgiveness Works

With the cost of college tuition becoming more expensive every year, it is becoming increasingly more difficult for students to realize their higher education dreams without taking a loan. However, while this solves one problem it does create another in that students bear the burden of having to return that loan with a huge interest …

Stats about Student Loans

A great man named Jay-Z once said, “Men lie, women lie, numbers don’t.”  This mantra seems to hold true in nearly all areas of life, especially when it comes to the hot-button issue of student loans. As student loan debt and financial aid has recently become a polarizing—and often politicized—issue, the most straightforward information often …

Tips For Reducing Student Loan Debt

The thought of repaying their loan is one of the biggest stressors for most students. Fortunately there are a few things you can do to reduce student loan debt. Calculate the total cost of studying in any college Many students factor in only the tuition fees when calculating the cost of studying in a college. …

What Information is Needed to Apply for a Student Loan?

There are a lot of famous sayings and phrases about preparation. “Fortune favors the prepared” and “Failing to plan is planning to fail” chief among them. So, it always pays to be prepared. If you’re planning on taking out a student loan, be sure to do plenty of research, and go in with these bits …

What Does it Mean to “Defer” Your Student Loans?

Loans can be as diverse as the people who take them out. There are many options available that can affect interest rates, the amount you can take out, whether or not you need a co-signer, etc. It’s important to do you research and know your options before committing to anything. Deferring your student loan means …

Calculating The Cost Of College Loans

For many families, taking a loan is the only way to make up for the deficit in funds after exhausting all other sources for free financial aid and scholarships. While taking a loan does help bridge that gap between the total fees and your available funds, it is important to understand how much you will …

Student Loan Glossary

As you look into the different student loans available, you are likely to come across a slew of words you’ve never heard before. One loan may talk about obtaining a co-signor. Another may include options regarding amortization and capitalized interest. Yet another mentions that you can contact the bursar for further information. Not knowing what …