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Any parent with a child about to head off to college should be concerned about student debt. Used properly, student loans are an excellent tool for further educational opportunities and to build a better future. Used improperly, student loans are a recipe for financial hardship. Student loans are easy to …
There is a debate about who should be expected to pay for Parent PLUS loans. Those looking at things from a moral standpoint might reach a different conclusion than those looking at it from a legal point of view. What isn’t up for debate is the fact that paying off Parent …
When evaluating college options, it is easy to get sticker shock. Tuition and housing can cost well over $50,000 per year at many schools. Some are closer to $100,000 per year by the time all the costs of attendance are included. Despite the scary numbers, it is a big mistake …
As we approach the holiday season, millions of Americans look forward to — or dread — family gatherings. In between discussions on the year’s events, turkey, politics, and football, I’d like to suggest one other important topic of discussion: student loans. Mixing financial discussions with family may seem inappropriate, but …
Throughout the 2020 Democratic primary process, Mayor Pete Buttigieg has positioned himself as the moderate of the field. The Buttigieg plan for student loans is no exception. Unlike candidates Elizabeth Warren and Bernie Sanders, who are promising massive student loan forgiveness, Buttigieg’s approach is to make life with student debt …
Setting up an automatic monthly debit for student loans is usually a relatively simple process with most lenders. Many even offer a slightly reduced interest rate as an incentive for auto-debits. Is giving a student loan servicer the authority to auto-pay student loans a good idea? In many cases, automatic …
The two most everyday factors in getting approved for student loan refinancing are a borrower’s credit score and debt-to-income ratio. Where credit score is a reasonably straightforward term to understand, debt-to-income ratios (DTIs) are a bit more complicated. In order to sort out this issue, we reached out to a …
One of the most common student loan repayment strategies is to pay off the highest interest student loan first. But this one size fits all approach isn’t always the best idea. In many cases, student loan borrowers should focus on paying off their private loans before attacking their federal loans. …
Article updated November 7, 2019, to include the latest interest rate information. For the past five years, Laurel Road has been one of the top student loan refinance lenders. Laurel Road has built its reputation on being a top choice for healthcare professions, especially doctors, optometrists, and dentists. However, we …
Private student loans should come with a warning label. For many borrowers, student loans are a necessary tool in the pursuit of the American dream. Used properly, student loans can be an excellent investment in the future. The problem with student loans is that things don’t always go as planned. …
