If you have federal student loans, you may have enjoyed a payment and interest pause for the past few years. But after receiving several extensions, the pause may be drawing to a close. While itâs still unclear when exactly the student loan forbearance will end, payments and interest accrual could resume in late August. However, […]
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If youâre tackling school debt and looking for ways to maximize your tax refund, one avenue to consider is the student loan interest deduction. This benefit allows you to take a tax deduction for the interest you paid on student loans that you took out for yourself, your spouse, or your dependents. The deduction can […]
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Student loans donât just help you pay for your college education. They also allow you to build a credit history, which can be useful when it comes time to get a mortgage or take out a car loan. The key is to make regular on-time payments. Hereâs a look at how student loans can affect […]
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Are you interested in reading some of the best money books? Reading financial books is a great way to improve your financial situation and reach your money and life goals. If you want to make a change in your financial life, then I recommend that you start reading personal finance books. What I like so […]
The post 15 Best Money Books For 2023 To Help You Change Your Life appeared first on Making Sense Of Cents.
When youâre in college, you donât have a lot of control over the interest rates on your student loans. With federal loans, the U.S. Department of Education sets the rate each year for all borrowers. And if you get private student loans, a limited credit history can make it hard for young people to score […]
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Refinancing allows you to consolidate your existing student loans â you trade multiple loans for one student loan payment. When you refinance, you may be able to lower your monthly payments, reduce your interest rate, shorten your repayment terms, save money, and even add or remove a cosigner. It’s a good idea to ask yourself, […]
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Refinancing student loans â when a private lender pays off your existing loans and issues you a new loan with new terms â can lower the interest rate youâre currently paying or reduce your monthly payments. There are pros and cons of refinancing student loans. While it may save you money, you can lose access […]
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Many students end up borrowing money to pay for their college education, and many rely on student loansâfederal, private, or both. During the 2019-20 academic year, 34% of students turned to student loans to help cover the costs they couldnât, according to the âHow America Pays for College 2020â survey published by the lender Sallie […]
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Direct Stafford Loans (or simply Stafford Loans or Direct Loans) are the most common federal student loans available for students seeking financial aid for college. While there are Stafford Loan limits, most students who fill out the Free Application for Student Aid (FAFSA®) can receive some amount of financial aid, whether those Stafford Loans are […]
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With college tuition on the rise, students may take out student loans as they pursue their education. Student loans come with interest and sometimes other loan fees. As you repay student loans, that interest can add up. While there are options like scholarships, grants, and work-study, sometimes student loans can be necessary to help students […]
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