Below you'll find a list of all posts that have been categorized as “Strategy”
Refinancing debt can be a powerful financial move. The investment of time is relatively minimal and the process can save hundreds of dollars a month, and many thousands of dollars in interest over the life of the loan. For this reason, many people choose to refinance their mortgage and their …
Fedloan Servicing, also known as myfedloan, is one of the largest servicers of federal student loans. Though Fedloan Servicing has been entrusted by the government to manage billions of dollars in student loans, they often fall short of minimal quality standards expected by many borrowers and taxpayers. The challenges of …
As the price of education has skyrocketed, the use of student loans has similarly grown. At present, Americans owe over $1.4 trillion on their student loans. With so much debt being generated each year, many people mistakenly reach the conclusion that the loans are standard practice and necessary. As more …
Paying off student loan debt is an incredibly difficult task. For most borrowers it takes years and can cost well over $100,000. While there are many financial concepts that are important to understand, eliminating student debt is more than just an accounting issue. Finding the motivation and willpower to pay …
Having a massive salary and making huge payments towards student loans is a great way to eliminate debt. Same for refinancing at a lower interest rate. The notion of a “side hustle” or living with parents to save on rent has also thoroughly been covered. Today we will look at …
Many student loan buyers face a difficult decision when they buy a home. Mortgage lenders generally require a 20% down payment on the home in order to avoid Private Mortgage Insurance, known as PMI. For this reason, many homebuyers opt to set aside 20% before making a purchase. The dilemma …
Eliminating student debt may seem like an impossible task. Whether the balance is $5,000 or $500,000; many graduates feel trapped and helpless due to their debt. Many feel like they will be making student loan payments for life. In many ways, even getting one loan paid off is a huge …
In the eyes of student loan lenders, some borrowers are far more profitable than other borrowers. As borrowers, if our lenders are making a huge profits, it is usually a sign that we are doing something wrong. These mistakes are often both expensive and easy to avoid. Mistake #1: Only …
Student loan refinance lenders offer a variety of cosigner release programs. Some advertise that a release is available after just 12 months, while others require up to 4 years worth of payments. A few lenders even say that a cosigner release is not permitted, or just done on a case …
Elimination of federal student loans can be a major challenge. While the existence of a variety of income-driven repayment plans and loan forgiveness options are an asset, they also make forming a repayment strategy more difficult. Today we will discuss the four most common debt elimination strategies and give examples …
