Below you'll find a list of all posts that have been tagged as “planning”
As part of the financial relief during the Coronavirus epidemic, interest rates on most federal student loans have been temporarily lowered to 0%. This interest rate freeze has been extended several times already and is now set to expire on September 30th, 2021. The most recent extension comes via an …
When discussing student loan borrowing and affordability, the question that students should ask is, how much can I afford to borrow? Unfortunately, many students find themselves in a position where they have to ask a more difficult question: how much do I need to make to afford my student loan …
About ten years ago, during the worst of the Great Recession, I finished college. I had no job and six figures of student loan debt starting repayment. It was terrifying. I spent hours every day crafting cover letters and tweaking my resume. Most employers ghosted me — not even taking the …
Financial experts often advocate aggressive repayment of student loans. By quickly repaying student loans, borrowers can save a fortune on interest. The aggressive route can help borrowers get ahead by thousands of dollars. Because of the immense value of accelerated repayment, this site has sought to help empower borrowers to …
Paying the minimum on all of your student loans is an expensive way to pay off debt. In the long run, you will spend a fortune on interest. If you can pay a little extra towards your student loans, you want to get the most out of every dollar. What …
In the era of “fake news” and everything being political, getting just the facts can be difficult. Finding helpful financial insight can be even more challenging. This is especially true for student loan borrowers. We have had to deal with scammers, undertrained customer service reps, and politicians that don’t seem …
One of the more confusing and stressful aspects of student loan refinancing can be the process of actually getting the old loans paid off. For many borrowers, the payoff amount and loan balances do not match. Some fear that lenders will be given too much money. Others worry about the …
When it comes to student loan interest rates, there are two basic options: Option one is a fixed-rate loan, where the interest rate does not change over the life of the loan. Option two is a variable-rate loan. The advantage with variable-rate loans is that the interest rates start much …
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 …
One of the most frequent reader questions that I receive looks something like this: Please help! I cosigned a student loan for my child/grandchild/friend, and they are not making payments. The lender keeps calling me. What can I do? In some cases the primary borrower cannot afford the payments. In …
