Below you'll find a list of all posts that have been tagged as “student loans”
Many student loan buyers face a difficult decision when they buy a home. Mortgage lenders generally require a 20% down payment on the home in order to avoid Private Mortgage Insurance, known as PMI. For this reason, many homebuyers opt to set aside 20% before making a purchase. The dilemma …
Attending college and getting a degree is a key factor in future financial success. However, borrowing student loans can have devastating financial consequences. Students who do not have parents or scholarships covering their education need to be extremely careful when it comes to using student loans. Before borrowing, any student …
In this edition of the Student Loan Sherpa Mailbag we take a look at Steve’s Public Service Loan Forgiveness (PSLF) dilemma. He is just a few years away from qualifying for Public Service Loan Forgiveness, but a big jump in salary has him thinking it might be making too much …
The trouble with student loans is that procrastination is really expensive. Many borrowers fall into the trap of kicking the proverbial can down the road, only to learn that each kick costs money. Whether by deferments, forbearances, or burying their heads in the sand, borrowers who put off paying down …
Eliminating student debt may seem like an impossible task. Whether the balance is $5,000 or $500,000; many graduates feel trapped and helpless due to their debt. Many feel like they will be making student loan payments for life. In many ways, even getting one loan paid off is a huge …
In the eyes of student loan lenders, some borrowers are far more profitable than other borrowers. As borrowers, if our lenders are making a huge profits, it is usually a sign that we are doing something wrong. These mistakes are often both expensive and easy to avoid. Mistake #1: Only …
There seems to be a cultural shift happening in America. Consideration for fellow human being seems to be in a steep decline. Meanwhile, many believe that the appropriate remedy to any perceived slight is to punch back ten times harder. I’m not a social scientist and this is a student …
In this week’s mailbag we got an interesting question from a reader who formerly worked for the government and wants to know if any of that time could be credited towards Public Service Loan Forgiveness. If you have a question for the Sherpa, feel free to send an email. From …
In November of 2017, student loan refinance company Earnest was purchased by Navient for $155 million. To the corporate world, the deal was spun as the merger between a company with useful student loan refinance technology and systems (Earnest) and a student loan giant with the financial resources to fund …
Over 50 members of Congress owe a combined $1.8 million on student loans according to a Roll Call analysis. The debt is split fairly evenly across party lines with slightly more Republicans holding student loans (28 to the Democrats 25) and Democrats owing slightly more ($1 million to the Republicans …
