Below you'll find a list of all posts that have been tagged as “student loans”
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 …
As part of the financial relief during the Coronavirus epidemic, interest rates on most federal student loans have been lowered to 0%. This interest rate freeze is set to expire on September 30, 2020. Several readers have asked about the possibility of the 0% interest rate being extended beyond the …
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 …
Student loan borrowers who have to work with Firstmark Services usually don’t have a choice. Many lenders pay Firstmark to handle the day to day management of student loans, including answering borrower questions and collecting payments. For the over half a million consumers that are forced to work with Firstmark, …
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 …
The first student loan payment can be scary. When the average borrower begins their repayment journey, they face many hard questions: Am I doing this right? Am I paying too much? Will I ever get my loans paid off? How does anyone get their debt paid off? Will I be doing …
Many parents may not have been able to help their children fund college while their kids were in school, but as these parents approach retirement, they get a second chance to help pay for school in the form of student loan repayment assistance. One such parent recently emailed us the …
Student loan consolidation and refinancing are excellent tools for borrowers hoping to get their finances in order. Refinancing enables borrowers to get lower interest rates and/or lower monthly student loan payments. Federal consolidation can help borrowers qualify for favorable repayment plans and forgiveness programs. In both a refinance and a …
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 …
