Below you'll find a list of all posts that have been tagged as “Money Saving Tips”
In this edition of the student loan plan, we take a look at Lindsey’s private student loan dilemma. On the student loan forums, she shared that she has one loan with an interest rate above 10%. While this rate is outrageously high, it is also surprisingly common. If you want tips …
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 …
Scholarships are by far the best form of financial aid for college. Scholarships are not required to be repaid, and scholarships are available from a wide variety of sources, including schools, non-profits, and many corporations. College students who invest their time seeking out assistance are often handsomely rewarded for their …
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 …
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 …
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 …
Generally speaking, when student loan borrowers acquire a chunk of money via a bonus, inheritance, or tax refund, using the money to pay down student debt has been a smart move. However, we are in unprecedented times due to Covid-19, and borrowers should use their stimulus checks accordingly. Due to …
On Friday, March 13, President Trump announced that he was pausing student loan interest “until further notice” to help support a slumping economy. At this point, many of the details are still being worked out. The Department of Education is awaiting instructions from the White House while the nine federal …
Editor’s Note: This article has been updated on March 14, 2020, to include information about President Trump’s plan to pause all interest on federal student loans. Coronavirus is, first and foremost, a major health and safety concern. On a daily basis, new cases of the life-threatening disease are reported in …
Smart borrowers are always looking for opportunities to save money on student loan payments. One common reader question looks something like this: I owe $15,000 on my student loan. If I’m able to pay my lender a lump sum of $10,000 now, is there a way to get them to …
