lower private loan interest rates

Lenders Showing Some Flexibility on Private Student Loans

The Sherpa Blog, Lower Payments, News, Student Loans 1 Comment

In a surprising move, Wells Fargo recently announced a program to assist private loan borrowers who have fallen behind on their student loan payments.  According to Wells Fargo, borrowers may be able to get lower interest rates while they get their finances in order.  For some borrowers, they may be …

The SherpaLenders Showing Some Flexibility on Private Student Loans
undergrad student loans during grad school

Mailbag: Dealing with Undergrad loans while in Grad School

The Sherpa Blog, Consolidation, Lower Payments, Mailbag, Student Loans 1 Comment

Earlier this week, I received the following email from a reader: I have three unsubsidized undergraduate college loans from Sallie Mae (now Navient bc they split the company). These are private loans. The outstanding balance, combined, is about 87,000 dollars (I have been repaying them since 2007). There is a loan …

The SherpaMailbag: Dealing with Undergrad loans while in Grad School
SoFi career services

Student Loan Innovation: Lender Career Services and Job Placement

The Sherpa Blog, News, Student Loans 2 Comments

Even though student loan debt has gone well over a trillion dollars, we have seen very little innovation from the lenders in the industry.  Outside of differing interest rates and lengths of repayment, it can be hard to separate one lender from the next.  This lack of innovation is definitely …

The SherpaStudent Loan Innovation: Lender Career Services and Job Placement
mail

Rehabilitation or Consolidation for Defaulted Student Loans?

The Sherpa Blog, Mailbag, Student Loans 2 Comments

This week I received an email from someone seeking advice on how to deal with her defaulted federal student loans.  Specifically, she wanted to know if direct loan consolidation was a better option or if it was better to rehabilitate her loans. When your loans federal student loans are in default, the options are not …

The SherpaRehabilitation or Consolidation for Defaulted Student Loans?
Denial of Student Loan Crisis

Why We Deny the Student Loan Crisis

The Sherpa Blog, News, Student Loans 3 Comments

Duke University recently released a study showing that when people find the solution of a problem to be objectionable, they tend to deny the existence of the problem.  The researchers called this behavior solution aversion.  The example they  used was that because people don’t want to accept the necessary solutions …

The SherpaWhy We Deny the Student Loan Crisis
PAYE changes medical bills private loans

One Way to Help Federal Borrowers with Private Loans or Medical Bills

The Sherpa Blog, Fixing Student Loans, Student Loans 1 Comment

One of the reasons that all college students are advised to borrow Federal loans is their excellent repayment plans.  The best of these repayment plans is the Pay As You Earn plan.  Borrowers on PAYE are expected to make monthly payments equal to 10% of their discretionary income.  Those who …

The SherpaOne Way to Help Federal Borrowers with Private Loans or Medical Bills
Common Bond Student Loan Consolidation Review

In Depth: Common Bond Student Loan Consolidation Review (CommonBond.co Refinancing)

The Sherpa Blog, Consolidation, Student Loan Consolidation Reviews, Student Loans 2 Comments

Common Bond Full Review: (November 7, 2014) Five years ago Common Bond was just an idea being tossed around by a few Wharton MBA students.  Today it is a fast growing student loan refinancing company offering some unique products.  The fresh perspective and relative youth of Common Bond results in …

The SherpaIn Depth: Common Bond Student Loan Consolidation Review (CommonBond.co Refinancing)
Student Loans and Voting

Want to fix your student loans? GO VOTE!

The Sherpa Blog, News, Quote of the Day, Student Loans 1 Comment

The mid-term elections are today.  In some states they have been highly contested, in others, there are not many close races.  Regardless of where you live or who is on your ballot, it is critical that all student debt holders go vote. While there are many people who should shoulder …

The SherpaWant to fix your student loans? GO VOTE!