Below you'll find a list of all posts that have been categorized as “Blog”
When a close friend or family member passes away, student loans are an afterthought. Unfortunately, the death of a loved one who cosigned a student loan can have negative consequences on the borrower, even if the borrower has never missed a payment. The good news is that these issues are …
One of the major perks of having federal student loans is that there are repayment plans based upon what you can afford to pay rather than what you owe. These Income-Driven Repayment plans ensure that federal student loan payments stay reasonably affordable. Things get tricky for borrowers who come into …
Generally speaking, once a student loan consolidation or refinance is complete, there is no going back. Fortunately, there are a couple of bits of good news for borrowers concerned they made a mistake: There are many steps required before a consolidation or refinance is final. Even though there isn’t an …
Editor’s Note: This article was originally published on February 8, 2014. It has been updated on January 22, 2020, to reflect up-to-date lender practices and edited for clarity. With interest rates at low levels, I decided to see if I could lower the interest rate on my existing auto loan. …
Editor’s Note: The following article was written by Accredited Financial Counselor Todd Christensen. Any opinions expressed in this article are those of Mr. Christensen. If you were enjoying your 2019 end of year holidays (meaning, you were not watching the news or following politics), you likely missed the signing into …
Editor’s Note: This article has been updated on January 16, 2020, to reflect Senator Warren’s plan to forgive student debt without Congressional approval. Now that Bernie Sanders and Elizabeth Warren have both proposed massive student loan forgiveness, it introduces a complicated situation for borrowers. Traditionally, paying off student loans aggressively …
I recently received two letters in the mail promising “total loan forgiveness,” lower interest rates, and $0 per month student loan payments. The company behind the letters did a good job making them appear to be legitimate. They knew my total federal balance, they had my name and address, and …
It doesn’t seem fair. Married borrowers are often expected to pay more on their federal student loans than a borrower with the same income who happens to be single. Income-driven repayment plans are one of the great perks about federal loans because they help ensure that student loan borrowers can …
Article updated January 6, 2020, to reflect the latest interest rate information. When this site first reviewed SoFi back in March of 2014, readers wanted to know if SoFi was legitimate and how student loan refinancing worked. Over the years, refinancing has become far more common, and SoFi has grown …
As we kick off a brand new decade, now is a great time to look into our crystal ball to see what the future holds. Making exact predictions about student loans is nearly impossible. There is no way to determine the precise changes that will be made or when they …
