bank math extra student loan payments

Avoid shady “Bank Math” with your extra payments

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Are you paying more than the minimum payment on your student loans?  Great choice!  The money you save on interest in the long run will make your sacrifices of today worth the effort. However, you need to be careful about how you apply your extra payments to your loans.  Banks …

The SherpaAvoid shady “Bank Math” with your extra payments
federal government student loan review

Federal Government Student Loans Review

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Getting student loans through the Federal Government is not a perfect system.  You have no control over the company you have to deal with, interest rates can be unreasonably high, and borrowing is very limited for undergraduate students.  Despite these flaws, Federal Government Student loans continue to be by far …

The SherpaFederal Government Student Loans Review
college freshman student loans

The Best Student Loans for Freshman

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Most freshman don’t give student loans enough thought.  Getting the wrong student loan can have serious financial implications that can last a long time.  Student Loans are not all created equal, and putting in a couple of hours into research can save you thousands in the long run. Because these …

The SherpaThe Best Student Loans for Freshman
public shaming student loans

Publicly Shaming Lenders into doing the Right Thing

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It is no secret that student loan lenders are not charities, but in fact, they are in business to make money.  Over the years the law has progressively become more and more lender friendly.  As a result, many borrowers and their cosigners have found themselves in ridiculous positions. One of …

The SherpaPublicly Shaming Lenders into doing the Right Thing
student loans medical bills and credit card debt

When Student Loans, Medical Bills, and Credit Cards Attack

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Earlier today I received an email from a terrified reader who was worried she would make the “wrong move” and that it would hurt her credit score.  Because she, like many others, had medical debt and credit card debt in addition to her student loans, she wasn’t sure about the …

The SherpaWhen Student Loans, Medical Bills, and Credit Cards Attack
pay student loans or save for retirement

Saving for Retirement vs. Paying off Student Loans

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The retirement vs. student loans debate doesn’t have one simple answer.  The reality is that a number of different factors can affect your personal situation.  By carefully reviewing the following six variables, you can be on your way to the smartest allocation of your money. First variable: Your Student Loan …

The SherpaSaving for Retirement vs. Paying off Student Loans