Below you'll find a list of all posts that have been tagged as “blog”
Student loan debt in the United States is now climbing past $1.5 trillion. Not only are there more borrowers, but on average they owe more. Some in the media portray hitting this milestone as no big deal, or even a potentially good thing, while others proclaim doom and gloom. For …
Article Updated 10/13/17 to include the latest available interest rate information. SoFi and LendKey are both premium student loan refinancing and consolidation companies. At present they are ranked first and second out of 18 lenders in our student loan refinance rankings. How is a borrower to pick the best lender? …
In today’s Sherpa Mailbag we take a look at Jane’s repayment strategy. She will be starting a PSLF eligible job in a few months and is trying to decide what needs to get done now and what should wait until she is earning a paycheck. If you have a question about …
Student loans are often the subject of confusion. To some, they are all pretty much the same. To others, student loans are incredibly complicated and difficult to understand. Before jumping into repayment strategy and digging into tips and tricks for eliminating the debt, it is critical that a borrower understand …
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 …
In January of 2017, the Consumer Financial Protection Bureau aggressively went after federal student loan servicer Navient. “At every stage of repayment, Navient chose to shortcut and deceive consumers to save on operating costs. Too many borrowers paid more for their loans because Navient illegally cheated them and today’s action seeks …
As the class of 2018 collects their diplomas, not all of these graduates will be jumping right into the job of their dreams. Some may have an entry-level job that barely pays the bills. Others may not have found a job in their desired field. Worst of all, some may …
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 …
Editor’s Note: Our contributor Michelle shares her experiences refinancing her SoFi loan with a new lender. For Michelle, this is the second refinance of her student loan. Refinancing is often touted as a highly cost-effective option for students with private student loans. I can attest to the validity of this …
