prosper.com student loan consolidation

Review of Prosper.com for Student Loan Consolidation

The Sherpa Blog, Consolidation, Student Loan Consolidation Reviews, Student Loans Leave a Comment

Prosper.com Full Review Let me start by saying that Prosper.com and other peer-to-peer lending sites offer a fantastic product.  Peer-to-peer lending is one of the most exciting developments of the internet age.  By allowing many strangers to come together in this manner, people are able to get a great return …

The SherpaReview of Prosper.com for Student Loan Consolidation
student loans bankruptcy change

8th Circuit Gives Student Loan Borrowers Hope For Bankruptcy

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In the world of student loans, things have gotten very desperate.  For people unburdened by student debt, bankruptcy is a last act of desperation.  It has devastating consequences, but it is a path to a fresh start.  Yet this act of financial desperation is something that many student loan borrowers …

The Sherpa8th Circuit Gives Student Loan Borrowers Hope For Bankruptcy
college credit cards student loans

Credit Cards and College: An Easy Decision

The Sherpa Best Of, Blog, Student Loans 1 Comment

Last weekend the local paper had a financial advice column for parents of students headed off to college.  This “financial expert” suggested that even though building a credit history important, college freshman and sophomores are likely not ready for the responsibilities of a credit card.  In this experts eyes, credit …

The SherpaCredit Cards and College: An Easy Decision
Consolidate to help credit score

Should I consolidate my federal loans to improve my credit score?

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A couple days ago reader Alex posted a great question in response to our article about whether student loan consolidation was good or bad for your credit score. Alex wrote: I have a student loan that shows up on my credit record as 4 Dept of Ed/Sallie Mae accounts. When …

The SherpaShould I consolidate my federal loans to improve my credit score?
bank math extra student loan payments

Avoid shady “Bank Math” with your extra payments

The Sherpa Best Of, Blog, Student Loans 4 Comments

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