This CommonBond student loan refinance review was last updated on 4/10/21 to include the latest interest rate information and a $150 borrower bonus. CommonBond has one of the better reputations of the many student loan refinance companies. Over the years, we have seen approval rates with CommonBond fluctuate, but for …
How to Pay Off Student Loans by Age 40
It isn’t easy to pay off all of your student loans by the time you turn 40. The sad reality is the most student loan borrowers are still making payments well into their 40’s. However, student debt freedom 10 or 15 years after college is possible. There are several strategies …
Why Should I Shop Around for Student Loan Refinancing?
It’s hard to overstate the importance of shopping around to find the best student loan refinance lender. Many readers have asked me about who the best lender is or what lender has the lowest interest rates. Focusing on the best lender or the lowest advertised rate doesn’t work. One lender might …
Tip for Married Couples: Don’t Cosign Loans
In most marriages, couples share their finances. Each spouse contributes their income to the family coffers, while each spouse treats the other’s debt as a shared obligation. Because of this shared effort to pay off debt, cosigning a spouse’s refinanced or consolidated student loan sounds like a no-brainer. Cosigning a …
Why Did My Federal Student Loan Balance Drop to Zero?
If your federal student loan balance mysteriously dropped to a $0 balance, it might seem like a dream come true. Was there student loan forgiveness or cancellation? Did someone else pay off my debt for me? Was there a lender error that means I’m debt-free? While it is nice to …
Five Student Loan Tips for April 2021
As Covid-19 continues to impact the US economy, several of my best tips for April 2021 involve managing debt in uncertain times. The government created several temporary programs to help borrowers in need. These same programs also provide an opportunity for those in more secure positions. Additionally, we are at …
The Best Student Loan Refinance Rates for April 2021
The student loan refinance rates offered in April 2021 remain near record lows. Two factors are driving the rates down. First, the federal student loan interest and payment freeze continues to impact the refinance marketplace. Because of the freeze borrowers are advised not to refinance federal loans at this time. …
Biden Changes His Mind on Student Loan Forgiveness
Can you feel it? For the first time, federal student loan forgiveness looks like a real possibility. President Biden asked his Secretary of Education, Miguel Cardona, to prepare a memo on the President’s legal authority to cancel student loan debt. On this surface, the Biden asking for a memo is hardly …
Does The Language of the Stimulus Bill Mean Student Loan Cancellation is Coming?
Many have speculated that a student loan provision in the recent stimulus bill means that loan cancellation is coming. This new provision is excellent news for many borrowers. The law now says that any student debt forgiven until December 31, 2025, is tax-free. The thinking is that the groundwork is …
Splash Financial Student Loan Refinance Review
This Splash Financial Refinance Review was first published on May 4th, 2018; it has been updated numerous times to include up-to-date interest rate information, lender bonus programs, and loan terms. The most recent comprehensive update was on March 31st, 2021. One of the fastest-growing names in the student loan refinance …