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The average student loan borrower knows first hand how difficult it can be to buy a home when saddled with student debt. Some student loan borrowers struggle to set aside money for a down payment. Others struggle to get approval on a mortgage because of their existing debt. In many …
Parent PLUS loans are in many ways the black sheep of the federal student loan system. Federal loans are usually considered to be far superior to private loans, in part because of the great repayment plans and forgiveness programs that are available through the federal government. Unfortunately, many of these …
When you are only making minimum payments on your student loans, it seems like the debt will never be paid off. By making the minimum payments, most of the check you send each month will go towards interest. That is the reason most “experts” recommend paying more than the minimum …
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 …
Enrolling in an Income Based Repayment Plan for your student loans is a fairly easy task. Not only is IBR a great way to lower your monthly payments, but the program also offers benefits such as student loan forgiveness. However, be advised that signing up for IBR is a little …
A reader trying to help her son find student loans to cover the remaining cost of school sent us the following email: My son has taken out subsidized and unsubsidized federal loans, and he has much in scholarship and grant money. He still needs about 14K for the school year. …
CU Learn, or cuLearn, bills themselves as a network of credit unions working together. CuLearn offers undergraduate student loans, graduate student loans and student loan refinancing. Typically we separate a lender’s student loan refinancing review from their undergraduate student loan review. However, cuLearn is a very unique option and the …
Yesterday Nate from twitter asked us a great question. He wanted to know why he should be in a rush to pay off his student loans if the interest was tax deductible: @DebtRoundUp @TheLoanSherpa is there any financial incentive to pay off student loans faster if interest is tax deductible? …
Retirement seems like a faraway possibility… maybe even a dream. Meanwhile, student loans can be the nightmare of the present. Taking money out of a 401(k) account to pay down student debt is a real temptation. Why worry about a financial crisis 30 years in the future when you are …
Dealing with student loans can be a scary and can be a challenge. Unfortunately, if you are not doing your research, odds are you are paying more than necessary. Here are five of the most common ways people make mistakes on their student loans. 1. Signing up for the wrong …
