Below you'll find a list of all posts that have been categorized as “Strategy”
Reviewing a financial aid package from a college can be overwhelming. Schools take tens of thousands of dollars worth of expenses and fit everything into a short document. Many families make the mistake of deferring to the Financial Aid Office’s assumptions without doing any additional investigation on their own. Not …
When it comes to negotiating interest rates and other terms on a student loan, the lenders hold nearly all the power. Borrowers with existing student loans have signed a contract, and there is little incentive for the lender to cut the borrower a break. Those who are shopping for student …
For borrowers that are neither wealthy nor poor, eliminating student debt can be difficult. Paying off student loans does not have to take decades. There are many strategies for middle-income borrowers to erase student debt. The situation is difficult, but it can be managed. here are excellent resources out there …
Student loan borrowers who have to work with Firstmark Services usually don’t have a choice. Many lenders pay Firstmark to handle the day to day management of student loans, including answering borrower questions and collecting payments. For the over half a million consumers that are forced to work with Firstmark, …
Refinancing a refinance student loan might sound redundant, but it is an excellent way for borrowers to eliminate debt more efficiently. Not all borrowers should try to refinance their student loans a second time, but in many circumstances, the permitted extra refi can save a bundle and provide some financial …
Most federal student loans have a 0% interest through September. Depending upon what transpires over the next few months, the 0% interest could be extended. During this time, borrowers are not required to make payments. Many are suggesting that those who can still make payments should continue to make payments. …
Funding a college education has always been a source of stress inside college families. Navigating the FAFSA and tracking down the right mix of scholarships, grants, and loans can be a time-consuming endeavor. For many, the growing cost of higher education has represented a significant hardship. Adding COVID-19 and the …
Repayment of student loans can be brutal. Interest accrues daily, servicers offer little help, and large segments of the population blame borrowers for their debt even though college has never been more important or more expensive. A growing percentage of student loan borrowers have reached the point where they realize …
Repaying student loans is a marathon. Smart borrowers know that the interest on the loan is the real enemy. Payments towards interest do not lower the balance owed. Instead, interest payments are simply lender profits. For this reason, many responsible borrowers pay a little extra each month towards their loans. …
Rideshares like Uber and Lyft have become a popular side-hustle for knocking out student debt. The flexibility of picking your hours is often presented as a perk, but inconsistent earnings can make formulating a student loan repayment strategy difficult. Fortunately, there are several resources that student loan borrowers can utilize …
