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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With the high cost of a college education, affording college with no money set aside might feel impossible. However, there are many forms of financial aid â whether from federal, state, school, or private organizations â that can help you pay for your college degree. Learning how to pay for college with no money might […]
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Credit cards can offer a number of additional protections, including if you were to lose your job or otherwise become unable to pay your bills. Some credit card protections, like travel insurance, are perks of the card included in the annual fee. For others, like credit card payment protection, you may have to opt in […]
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Grad PLUS loans are federal student loans for graduate and professional students. Although Grad PLUS loans have higher interest rates and fees than some other types of federal student loans, they also have a major benefit â virtually no borrowing limits. You can borrow up to the full cost of attendance of your school, minus […]
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Figuring out how to pay for school can be stressful, so itâs important to compare financial aid vs student loans so that you can reduce your financial burden as much as possible and find out whatâs right for you. When college financial aid isnât enough, people use federal or private student loans to help cover […]
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Did you know that you may be able to draw out student loan repayment for 20 or 30 years? That means lower monthly payments (cool!) but more total interest paid (less cool). But if your payments are a strain, consolidating and refinancing student loans are two ways to stretch out repayment terms and tame those […]
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Serving the country could serve your bottom line. The Army, Navy, Air Force, Coast Guard, and National Guard offer programs for repaying part or all of your student loans, if you qualify. Does the Military Pay Off Your Student Loans? It might, but you must choose to work in specific military specialties, score at least […]
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Having a cosigner on a student loan is a bit like a letter of recommendation to get into college. A cosigner can reassure the bank or lender that the applicant is capable of repaying the loan. Their financial history serves as an endorsement for the primary applicantâs financial inexperience. But a cosigner is not always […]
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If youâre interested in refinancing your student loans but donât think your credit history is strong enough, you donât have to give up. There are options available that could make refinancing a reality for you. One option is taking out the loan with a cosigner. A cosigner could potentially help you qualify for a refinanced […]
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For millions of Americans, repaying student loans has become one of the certainties of life. After graduation, you may be initiated into a club made up of more than 43.4 million U.S. borrowers in 2021, who owe a cumulative 1.6 trillion dollars in student loans. If you are one of these 44 million borrowers, you […]
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