Below you'll find a list of all posts that have been tagged as “planning”
For most couples, finances are shared. Income from either spouse is for the family, and debt for either spouse is treated as a shared obligation. Because of this shared effort to pay off the loan, cosigning in a refinanced or consolidated loan sounds like a no brainer. Cosigning means combining …
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, no connections to get me a job, and six figures of student loan debt. It was terrifying. I spent hours every day crafting cover letters and tweaking my resume. Most employers simply …
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 …
When it comes to paying for school, it can be tough to decide whether it is better to pay for college expenses out of a savings account or to borrow additional student loans. Some people are very reasonably debt-averse, but exhausting a savings account comes with significant risks as well. …
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 …
Editor’s Note: This article was originally published on June 29th, 2020. It has been updated to reflect the latest positions advocated by Democratic and Republican leadership as well as President Trump’s August 8th, 2020, executive order. As part of the financial relief during the Coronavirus epidemic, interest rates on most …
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 …
Dealing with undergraduate student loans can be tricky for graduate students. The transition from undergrad to grad school often includes attending a new school, a break between classes, and employment changes. These adjustments can make managing student loans complicated. The good news for most grad students is that many of …
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 …
