Below you'll find a list of all posts that have been categorized as “Planning for College”
Borrowing over $100,000 in student loans is a huge decision. Many students and their parents make the mistake of signing whatever document a lender or school puts in front of them. They assume that the high-priced “dream school” education will be worth the debt. As more and more students rack …
Banks and lenders love having people cosign student loans and refinance loans, but borrowers and their families should think twice. When someone cosigns a loan, they agree to be legally responsible in the event that the original borrower fails to pay off the loan. Many cosigners assume that if the …
Update: SunTrust Bank is no longer offering student loans. This article will be updated if SunTrust resumes lending. SunTrust has well over a thousand bank branches across the Southeast US and they are one of the one of the biggest nationwide providers of private student loans. The student loans offered …
In the wake of the ongoing student loan crisis, an old idea gaining new popularity is the concept of income-share agreements. Income-share agreements may look like student loans, but they come with unique pros and cons. The way an income-share agreement works is relatively straightforward. Suppose a student needs $5,000 …
When it comes time to find the money for your child’s education, many parents face a difficult decision: Do I get a Parent PLUS loan in my name, or do I co-sign for a private loan in my child’s name? The best decision will vary from family to family and …
The best and most efficient way to pay off your student loans is never to have had them. Americans owe over one trillion dollars on their student loans. If you want to graduate without going broke, here are five tips that can save you thousands of dollars on college. 1) …
Jess and I have exchanged many emails regarding her issues with Sallie Mae. She told me that she reached such a point of desperation that she actually sent a letter to her Congressman pleading for help. Much to my surprise, her Congressman actually helped! He sent a letter to Sallie …
During my first week at college, I went to an all-you-can-eat wing night. Because I was there with about a dozen other freshman guys, our dinner quickly escalated into a test of manhood. I ate 68 buffalo wings that night. The following day I suffered from a strange and new …
