All Student Loans Articles

Avoid these mistakes that can result in your student loans negatively affecting your credit score
student loans

How Refinancing Student Loans Can Impact Your Credit Score

By College Raptor StaffPublished on March 1, 2024
Refinancing student loans can have a positive impact on your credit score, but it can also hurt your credit. Understanding how refinancing can hurt your credit is key to taking steps to minimize the negative impact. Refinancing is a common solution for managing student loan debt. It allows you to exchange your existing student loans …
A teacher sitting at a desk in front of a computer.
student loans

The New SAVE Plan For Federal Student Loans

By Gallagher, CatherineLast updated on February 23, 2024
The SAVE (Saving on a Valuable Education) plan is the latest income-driven repayment plan initiated by the federal government The SAVE plan offers several unique benefits that will lower payments and make them more affordable for many borrowers This is the most affordable plan for student loan borrowers The SAVE Plan replaces the REPAYE program …
student loans

What To Do If Your Lender Closes

By Hilary CairnsPublished on February 13, 2024
If you have a student loan with a lender who is closing, you still need to make payments on the loan. Make sure to check your mail or email from your old lender to find out what, if any steps, you need to take next. Your old lender will likely sell your loan to a …
A teacher sitting at a desk in front of a computer.
financial aid, student loans

Fresh Start Program: What Students Need to Know

By College Raptor StaffLast updated on August 30, 2023
The Fresh Start program is a one-time, temporary program introduced by the U.S. Department of Education. The goal is to offer relief for borrowers with defaulted federal student loans after forbearance ends in October 2023. Students who meet certain criteria can sign up for Fresh Start to receive the program’s benefits. This includes restored access …
student loans

How to Speed up the Lending Process (And Why it Matters)

By Hilary CairnsPublished on August 2, 2023
When comparing loans and lenders, you might be looking at the principal amount and the interest rates first and foremost – as you should. You want to be sure you’re getting a loan that fits your financial needs without having an astronomical interest rate. But one factor you might be overlooking in your comparison? Lending …
student loans

6 Reasons Student Lending Speed Matters

By College Raptor StaffPublished on August 2, 2023
College is expensive and many students depend on federal and/or private student loans to help finance their education. These types of loans have different eligibility requirements, interest rates, and repayment terms and conditions. Even the lending speeds are different. Student lending speed refers to the time it takes for a lender to process and approve …
student loans

How Long Does It Take to Pay Off Student Loans

By College Raptor StaffPublished on July 11, 2023
One of the biggest questions most graduates’ ask is, ‘how long will it take me to pay off my student loan?’ It’s not surprising that this question would weigh heavily on a graduate’s mind. Most students take a few thousand dollars in student loans to fund their college education. Paying back this debt can take …
student loans

How to Prove Undue Hardship for Student Loans

By College Raptor StaffPublished on July 3, 2023
Proving undue hardship for student loans is something that comes up only if you file for bankruptcy. But this should only be considered as a last resort. Filing for bankruptcy is complicated and time-consuming and it will have a damaging effect on your credit. You will most likely have to hire a bankruptcy lawyer because …
student loans

Are There No Credit Check Student Loans and Which are the Best?

By College Raptor StaffPublished on June 21, 2023
Yes, there are no credit check student loans but they are offered only by the federal government and very few private lenders. Generally, the federal government does not conduct credit checks to assess student loan applicants. All students enrolled in accredited educational institutions across America are eligible for federal student loans. Private student loan applications …
student loans

How Many Americans Have Student Loan Debt?

By College Raptor StaffPublished on June 1, 2023
Have you ever looked into how many Americans have student loan debt? If you’ve never checked out the numbers before, you may find the statistics below interesting. You hear a lot about student loan debt being the second highest consumer debt in the country, second only after mortgages. Although that gives you some idea of …

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