Below you'll find a list of all posts that have been categorized as “Strategy”
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 …
For many student loan borrowers the opportunity to buy a house and the opportunity to refinance student loans happen around the same time. Both a refinance and a mortgage require good credit and a healthy debt-to-income ratio. Because a refinance can affect a mortgage application, and a mortgage can affect …
Getting a tax refund is a great feeling. For many it is an unexpected bonus, often larger than a typical paycheck. In some ways, it is better than a bonus. If you get a bonus at work, you have to pay taxes on it. The tax refund comes with no …
Thinking about student loan strategy and consequences before entering repayment is a great way to get a head start on student debt. The little steps and small payments made during school can have lasting benefits. While there is no single ideal strategy, there are a number of approaches that students …
Millions of federal student loan borrowers have balances of greater than $50,000. For more than half of these borrowers, their balances are actually going up according to the latest research from the Brookings Institute. Owing a ton of money in student loan debt can be terrifying. Making payments and only …
