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Apache is functioning normally

June 9, 2023 by Brett Tams

NFTs or non-fungible tokens have gained a lot of momentum in the last few months. Whether it’s because of the digital art, the technology behind them, the money-making potential, or a simple case of FOMO, people can’t get enough of them.

Each day, we wake up to stories of artists and celebrities buying and selling NFTs for insane amounts. Case and point? Eminem recently shelled out 123.45 Ethereum (currently worth over $400K) for a Bored Ape NFT — and that’s not even the most expensive one in the market.

As someone who’s crawling herself out of student debt and on a budget, paying six figures for a digital asset is simply out of the question.

But are all NFTs that expensive? Or is there a way to start small?

I talked to NFT trader investor, consultant, advisor, and founder Ish Verduzco to find out, and, to my surprise, his answers were very promising.

What’s Ahead:

Do you have to be rich to invest in NFTs?

Last March, digital artist Mike Winkelmann, better known as “Beeple,” made headlines when an NFT of his work was sold for a record-breaking $69 million.

Then, we saw Snoop Dogg and Grimes buying and selling NFTs for six and seven figures, while Paris Hilton joined forces with Bill Ackman to back a $300 million NFT Foundation.

With figures like that, it’s easy to think that NFTs are some sort of exclusive investment that only the rich can afford. However, that couldn’t be further from the truth — at least that’s what both Verduzco and the data say. Verduzco says:

“Yes, there is some level of barrier to entry at the moment. But I wouldn’t say that they’re for the ultra-rich either…I think there’s an opportunity to get in.”

What makes NFTs more expensive than your average investment is that most of them are minted through smart contracts that live in the Ethereum blockchain, which Verduzco says is one of the most expensive ones, partly due to the gas fees.

Gas fees are basically the transaction fees of the Ethereum network. These fees are non-refundable, and must be charged to cover the costs of the energy used by the computers when validating and recording each NFT transaction. Verduzco says:

“To give you a very quick overview, it can cost like $50 to a few $100 just to transact, plus the cost of the NFT itself.”

So, how much money do you need to start investing in NFTs?

A recent study by Canadian concept artist Kimberly Parker, which analyzed public API data from sales on popular NFT marketplaces, like OpenSea, Nifty Gateway, Rarible, SuperRare, and MakersPlace, found that most NFTs are actually sold for under $200.

That’s right, you don’t need six figures — not even four figures, to own an NFT.

Verduzco says that a good amount to get started would be $500, which isn’t outrageous. After all, popular investment firms, like Wealthfront and E*TRADE, require minimum deposits of that same amount for you to start investing in their automated portfolios.

Read more: What Is An NFT? – How Nyan Cat Was Sold For $600,000

Why now may be a good time to get into NFTs

Many crypto and NFT experts — Verduzco included, think that the blockchain and smart contract technology behind NFTs will spread like wildfire across multiple industries, changing the world as we know it.

“It’s going to be integrated into almost everything we do,” Verduzco says.

“It’s not just going to be just art, it’s going to go into music, it’s going to go into film, it’s going to go into transacting things like deeds to houses, and anything that has to do with verification of ownership.”

Here’s a quick example of how this could work:

When you’re buying a house, the bank needs to make sure that the title is free and clear before closing on the loan. This process alone can take two weeks, and you’ll have to pay additional fees to the third-party company conducting the search.

But if the house was registered and sold as an NFT, for example, each transaction pertaining to that property would’ve been accounted for and recorded in the blockchain. So, clearing the title would only take a couple of hours instead of weeks, and you’d be able to get rid of the middleman and unnecessary fees.

Although the concept of NFTs is still in its early stages, Verduzco says that “it’s better to be ahead,” and — if possible — invest in it, so you learn the inner workings firsthand.

This will allow you “to spot more opportunities to make money, or find other people that are in this space who compliment your strengths and weaknesses in order to build projects based on needs.”

How to start investing in NFTs when you’re on a budget

As part of my convo with Verduzco, we bounced off some ideas on how you can get into the NFT game without breaking the bank. These are a few of them.

Read more: How To Create And Sell NFTs – The New Way To Sell Your Art

Explore NFT projects that use cheaper cryptocurrencies

If you visit OpenSea, which is currently the world’s largest NFT market, you’ll see that the vast majority of NFTs listed there use the Ethereum network (aka the most expensive NFT blockchain).

But just because most NFTs use this blockchain, that doesn’t mean that there aren’t other options.

Blockchains like Solana and Polygon (which was created as an efficient solution to the Ethereum network and is compatible with it) use cryptocurrencies that are much cheaper than ether, which is Ethereum’s currency.

Here’s an example:

At the moment this article was written, one SOL, which is Solana’s cryptocurrency, was worth $0.26, while one MATIC, which is Polygon’s cryptocurrency, was worth $2.13. But, if you wanted to purchase one ether, which is Ethereum’s cryptocurrency, you’d need $3,121.93 to do so.

So, yeah, there’s a huge difference there.

These alternative blockchains are also rising in popularity. JPMorgan recently released a report in which it states that the Ethereum blockchain is losing a chunk of its market share to Solana, as the blockchain is less congested (aka faster) and cheaper to invest in than Ethereum.

If you’re interested in buying NFT projects that use the Solana network, you can check out marketplaces like Solsea and Solanart, to find them.

When it comes to projects that use Polygon, you can find them just by visiting OpenSea. To see all the NFTs you can place bids on or buy using this network, simply click on the “Chains” option on the left panel, and select “Polygon.”

Mint a project

When you mint a project, you’re basically investing in it before it actually goes live. So, you could think of it as the Kickstarter of an NFT project. Verduzco says:

“The initial mint is usually like 0.05 Ethereum, which is a relatively small amount. If you happen to make it in that initial mint, then you pay only 0.05 Ethereum, versus if the project goes up in value, and then it costs 0.7, or much higher.”

One good example of an NFT project that is currently in its minting phase, and that I happen to like a lot is the Lucky Goat. You can currently mint this project for 0.0777 Ethereum ($243.43).

What has me rooting for the Lucky Goat (besides the art, of course) is that they donate some of their profits to Heifer International, which is a nonprofit whose mission is to help eradicate hunger and poverty.

So, how do you find projects to mint?

Twitter. If you enter “#mint” or “#NFT” on Twitter’s search bar, you’ll find countless threads of founders and artists sharing their upcoming NFT projects.
Discord. In case you don’t know what Discord is, it is a group-chatting app, where users join servers (aka private groups) to chat about a specific topic. Many NFT founders use this app to talk about their upcoming NFT projects, to get both support and feedback from users.
rarity.tools. Although this website is mostly used by NFT traders to vet projects and find rankings based on their rarity or unique traits, it also has an Upcoming NFT Sales section, where you can check projects to mint.
OpenSea’s homepage. They often share new mints, and you can easily browse through their huge NFT market.

But be careful…

Before minting a project, Verduzo says it’s super important to ensure its legitimacy, so you don’t get rugged (NFT lingo for “scammed”). Sadly, just like in any space, there are always bad players that are just there to do a quick cash grab and disappear.

To avoid this, make sure you research the project thoroughly by finding out all you can about its community, founders, and mission, as well as how long they’ve been around in this space.

Why?

If the project disappears into the mist, your NFT most likely will lose all its value, unless someone else decides to take over the project.

Time your purchase

Unlike the stock market, which is open for transactions Monday through Friday, from 9:30 a.m. to 4:00 p.m. ET, the NFT market is a global market that is open 24/7.

“So, it’s not just you and everybody else in the United States that you’re transacting with, it’s everybody in the entire world who has access to the Internet,” Verduzco says.

And, the more people that are trying to conduct transactions on the Ethereum network, the more congested it will be, which automatically translates to higher gas fees. This will hopefully be improved once Ethereum 2.0 (also known as the consensus layer) is fully rolled out.

One way to spend less money when buying NFTs is to ensure you conduct your transactions during the time of the day when the network is less congested.

Verduzco says that 11:00 a.m. to 1:00 p.m. PST is probably the worst time of the day to buy NFTs because that’s when most people around the world are awake. He suggests timing your transactions to random hours when most people are sleeping, like 2:00 a.m. or 5:00 a.m. PST. Though not always practical, it can help save a good amount of money.

You can also track gas prices by visiting the ETH Gas Station.

Become an NFT expert

Since NFTs are still an emerging concept, Verduzco says that one way you can make money in this space, without being an investor, is by learning all you can about them.

“It doesn’t always have to be investing in an NFT collection, in order to get a return,” Verduzco says.

“Understanding everything about the NFT space and becoming very good on one specific skill set, whether it’s social media marketing, community management, creating Discords, branding, or content creation, is going to provide value because, all of a sudden, you open yourself up to many job opportunities.”

In other words, you’ll be able to profit from your NFT knowledge as this technology becomes more widespread, and companies start searching for people who know their way around this space.

Before investing in NFTs…

Make sure your finances are in order

Investing in NFTs represents a higher risk than investing in traditional stocks or bonds, as their value is determined by speculation, so it fluctuates more than with your average investment.

Besides that, once you purchase an NFT, the transaction is final, and flipping them or reselling them could take a while. That’s why it’s so important you only invest money you have to spare, and not money you’re going to need short-term, as this could result in a financial disaster.

Learn as much as you can

“I would suggest investing your time and energy on learning before putting your money up,” Verduzco says.

“Find really cool projects that you like, and then join the Discords, listen to conversations, ask questions, watch a bunch of videos, read a bunch of blogs before you even think about putting Ethereum in your wallet to spend.”

Learning as much as you can about NFTs will give you a realistic idea of what to expect, plus determine whether you’re ready to take the plunge, or if you should wait a little longer before investing in this space.

If you’re curious about learning, you can check out podcasts, like a16z, which has extensive information on this topic, as well as reading books, like The NFT Handbook: How to Create, Sell and Buy Non-Fungible Token, to get started.

Additionally, Verduzco’s Twitter account is like a gold mine of NFT info, as he frequently shares projects, articles, and tips to help people learn more about this space.

Summary

You don’t have to be a millionaire to invest in NFTs, however, there’s a learning curve to be successful in this space.

The most important thing is to learn as much as you can about it, vet projects carefully, understand the risks associated with investing in such a volatile space, and make sure you don’t use money you’re gonna need. This will allow you to make the most out of your experience.

Featured image: mundissima/Shutterstock.com

Source: moneyunder30.com

Apache is functioning normally

June 9, 2023 by Brett Tams

We admit IHG Hotels & Resorts hasn’t traditionally been an all-inclusive-heavy hospitality group. That’s soon to change, though, thanks to IHG’s new partnership with Spanish hospitality company Iberostar. The move will incorporate the all-inclusive Iberostar Beachfront Resorts into the IHG One Rewards program. The partnership will include up to 70 resorts across the Americas and the Mediterranean, including Northern Africa.

Until the IHG-Iberostar alliance comes online, travelers can choose from several true all-inclusive resorts within the IHG family and more properties that include full-board or half-board rates. Family-friendly hotels in Jamaica, ultra-luxe wellness retreats in India and Maldivian resorts with overwater bungalows — these are some of our favorites.

Holiday Inn Resort Montego Bay All-Inclusive

Montego Bay, Jamaica

HOLIDAY INN RESORT MONTEGO BAY/FACEBOOK

Best for: Families sticking to a budget on a Caribbean vacation.

Why stay here: A vacation at this all-inclusive resort won’t break the bank, but it still comes with a private beach in a prime Montego Bay location.

Best way to book: Book directly with IHG to earn or redeem IHG One Rewards points and enjoy any elite benefits.

One of IHG’s true all-inclusive resorts, the Holiday Inn Resort Montego Bay has a prime location on Jamaica’s northern shore. It’s less than 10 minutes from Sangster International Airport (MBJ) and just 15 minutes from Montego Bay’s commercial center. Since this is an all-inclusive resort, though, there’s no real need to leave the property.

The hotel has a private sandy beach plus a small island with lounge chairs for sunbathing across a shallow lagoon. Access to nonmotorized water sports is included.

For activities and entertainment, there are two pools, a spa, kids and teens clubs, and sports courts. Breakfast, lunch and dinner are also included in the rate. Meals are served at the buffet or four a la carte restaurants that span Jamaican to Italian cuisine. There is also a smattering of bars, including a pool bar at the adults-only section of the resort. (The pool bar is a welcome spot for couples, as the 500-plus rooms here are often filled with families.)

Rates at the Holiday Inn Resort Montego Bay All-Inclusive start at $197 or 50,000 IHG One Rewards points per night.

Holiday Inn Resort Ixtapa All-Inclusive

Zihuatenejo, Guerrero, Mexico

HOLIDAY INN RESORT IXTAPA ALL INCLUSIVE/FACEBOOK

Best for: West Coast families or couples seeking a long-weekend getaway.

Why stay here: This beachfront resort is located within a five-minute walk of downtown Ixtapa.

Best way to book: Book directly with IHG to earn or redeem IHG One Rewards points and enjoy any elite benefits.

Ixtapa may not be the first place that comes to mind when considering resort destinations on Mexico’s west coast, but that means you’ll find solid deals here. This is true of the Holiday Inn Resort Ixtapa, an all-inclusive beach resort with an ideal location across the street from Ixtapa’s main shopping and entertainment area. There are 431 rooms, including suites with two bathrooms that are ideal for families. Adjoining rooms are also available.

The property features two pools, four restaurants, a sports bar, a kids club and a gym. Unfortunately, though, there’s no spa. The resort offers access to a public beach, so you’ll likely have to contend with beach vendors. Compared to other all-inclusive resorts, amenities are more limited, so we recommend this property for long-weekend getaways rather than full-week stays. Still, there’s no denying you can find great deals here.

Rates at the Holiday Inn Resort Ixtapa All-Inclusive start at $182 or 50,000 IHG One Rewards points per night.

Six Senses Vana

Dehradun, India

SIX SENSES VANA/FACEBOOK

Best for: An all-inclusive wellness retreat in a serene, nature-friendly environment.

Why stay here: Enjoy an in-depth wellness consultation at the start of your stay. Based on this consultation, a plan of treatments, activities, experiences and meals will be designed just for you.

Best way to book: Book directly with IHG to earn or redeem IHG One Rewards points and enjoy any elite benefits.

If beach vacations aren’t your thing, consider an all-inclusive wellness retreat. One of the luxury brand’s newest properties, Six Senses Vana sits outside the Indian city of Dehradun on 21 private acres in the foothills of the Himalayas. Though you can book single-night stays, the property is best known for its multi-day wellness programs. Options include five-night sleep, detox and yoga programs, and 14-night and 17-night Ayurveda programs.

Even if you don’t select one of those more intensive programs, you’ll still receive wellness consultations and personalized treatments, nutrition plans and access to group activities — all of which are included in the rate. You’ll receive a kurta, or tunic, to wear while you’re on the property and given a red-string blessing for your wrist.

Beyond all the wellness treatments and programs, there’s also time for a little fun. Enjoy a pool, sports courts and a cinema when you’re not getting a massage, taking a yoga class or spending time in the meditation cave.

Rates at Six Senses Vana start at $1,003 or 100,000 IHG One Rewards points per night.

InterContinental Bora Bora Resort & Thalasso Spa

Bora Bora, French Polynesia

INTERCONTINENTAL BORA BORA RESORT & THALASSO SPA/TIM MCKENNA/FACEBOOK

Best for: Island-hoppers searching for that perfect overwater villa experience.

Why stay here: The 13,000-square-foot Deep Ocean Spa offers Polynesian-inspired treatments performed in serene glass-bottom bungalows.

Best way to book: Book through our partner Skylark to earn IHG points while enjoying elite-like benefits and on-property credits or via American Express’ Fine Hotels + Resorts or Chase’s Luxury Hotel & Resort Collection, or redeem your points by booking directly with IHG.

Scratch your overwater bungalow itch with a stay at the InterContinental Bora Bora Resort & Thalasso Spa, where all 84 guest villas hover above the water. You can upgrade from a standard beach view to a Mount Otemanu view or splurge on a two-bedroom villa with a private pool.

Though not an all-inclusive property, the resort does offer a half-board rate that comes with breakfast and dinner. (Potential guests should note that dinner does not include drinks or room service.) Breakfast is absolutely worth it, though. Our reviewer noted extensive offerings, from cold spreads to an omelet station to a Polynesian specialty table.

The included dinners are three-course meals at either the Reef Restaurant or the Sands Restaurant, which serve French and international cuisine, respectively. You’ll have to pay out of pocket for the exquisite dining experience at the Le Corail Restaurant, a romantic French fine dining spot.

One can’t-miss amenity at this resort is the Thalasso Spa. As its name indicates, the spa focuses on thalassotherapy treatments that incorporate sea-based ingredients. The treatment rooms are overwater, so you can look at the fish beneath you during a massage.

Rates at the InterContinental Bora Bora Resort & Thalasso Spa start at $1,148 or 120,000 IHG One Rewards points per night.

InterContinental Maldives Maamunagau Resort

Raa Atoll, Maldives

INTERCONTINENTAL MALDIVES MAAMUNAGAU RESORT/FACEBOOK

Best for: Families and couples looking for a Maldivian experience with a more all-inclusive feel.

Why stay here: From The Retreat, an adults-only enclave, to the family-centered, three-bedroom overwater residences, each guest can find a space right for them.

Best way to book: Book directly with IHG to earn or redeem IHG One Rewards points or via Chase’s Luxury Hotel & Resort Collection.

Though it’s not an all-inclusive resort, the InterContinental Maldives Maamunagau does have an all-inclusive package — a pretty stellar one at that. The package includes three meals daily, unlimited alcoholic and nonalcoholic beverages, seaplane transfers, a 30-minute photoshoot, and Club InterContinental benefits like afternoon tea and happy hour.

Keep in mind that there’s a four-day minimum stay to book this package. If you plan to stay for fewer days, consider the half-board option that just includes breakfast and dinner (and that 30-minute photoshoot and Club InterContinental benefits).

The resort has 81 villas — including overwater bungalows — and caters to all types of travelers, including families. There’s a kids club with a water park, but there’s also an adults-only pool with a swim-up bar (not to mention a spa and fitness center) for couples or adult groups on vacation. The cuisine is quite varied at the five restaurants, one of which is a Mediterranean spot at the lighthouse.

Rates at the InterContinental Maldives Maamunagau Resort start at $974 or 120,000 IHG One Rewards points per night.

InterContinental Resort Mauritius

Fort Balaclava, Mauritius

INTERCONTINENTAL RESORT MAURITIUS/FACEBOOK

Best for: Families and couples who don’t mind having kids around.

Why stay here: It’s easy to relax at this beach resort, where the vibe is delightfully laid-back and low-key.

Best way to book: Book directly with IHG to earn or redeem IHG One Rewards points and enjoy any elite benefits.

Coming off a renovation in 2021, the InterContinental Resort Mauritius is a high-design resort on a private beach. While it has offered all-inclusive packages in the past, they’re not always available. Instead, you might have to go with a half-board package.

Still, hotels in Mauritius, including this one, often have lower prices than their counterparts in other Indian Ocean nations. This can make spending on lunch a palatable affair (pun intended). There are four restaurants here, plus a beach bar and a lobby bar.

The resort is largely family-friendly and offers a standout kids club with robust programming. It also has extensive event and meeting space — you’ll really find all sorts of travelers here. While the hotel is set on a beach, the sea here isn’t all that great for swimming. However, there are two lovely pools. There’s also a boat house where you can rent kayaks and snorkel gear, and book boating excursions.

Rates at the InterContinental Resort Mauritius start at $336 or 76,000 IHG One Rewards points per night.

InterContinental Phu Quoc Long Beach Resort

Phu Quoc, Vietnam

INTERCONTINENTAL PHU QUOC LONG BEACH RESORT/FACEBOOK

Best for: Beach-loving families and couples looking for a Southeast Asian getaway.

Why stay here: On Vietnam’s largest island, this resort has everything you need for a tropical vacation, from two massive pools to six bars and restaurants to a spa.

Best way to book: Book directly with IHG to earn or redeem IHG One Rewards points and enjoy any elite benefits.

The InterContinental Phu Quoc Long Beach Resort is not an all-inclusive property, but it actually has a pretty impressive full-board package. The deal includes a buffet breakfast plus a three-course lunch and dinner at three of the property’s four restaurants (excluding the fine-dining restaurant Lava).

Each guest also receives a daily cocktail at the Ink 360 rooftop bar, as well as 20% off food and nonalcoholic beverage bills as part of the IHG One Rewards Dining Privilege. That includes sweet treats at the Pearl Lounge and grab-and-go items at Mercado.

The resort houses most of its 459 rooms in one of five towers, including the 19-story Sky Tower, which features a rooftop bar. However, there are also stand-alone three- and four-bedroom villas with private pools. Enjoy shared amenities like four pools (including a lap pool and one with a waterslide), a spa, a fitness center, a kids club, sports courts and a beach hut from which guests can partake in nonmotorized water sports for free.

Rates at the InterContinental Phu Quoc Long Beach Resort start at $148 or 26,000 IHG One Rewards points per night.

Holiday Inn Resort Aruba-Beach Resort & Casino

Noord, Aruba

HOLIDAY INN RESORT ARUBA-BEACH RESORT & CASINO/FACEBOOK

Best for: IHG One Rewards members who want to earn and burn points while vacationing in Aruba.

Why stay here: A massive resort in the center of it all, this property is ideal for budget-conscious families, as kids 11 and younger stay and dine for free and only a dining fee is charged for guests between 12 and 19.

Best way to book: Book the Holiday Inn Resort Aruba-Beach Resort & Casino directly through the resort’s website, as it’s the only way to reserve the all-inclusive package.

The Holiday Inn Resort Aruba-Beach Resort & Casino is a solid choice for families. It offers a “kids stay free” deal for guests 19 and under who stay in a room with their parents, and a “kids eat free” deal available to children 11 and under.

Its all-inclusive package kicks the hotel up a notch for adults, too. It includes three meals a day in any on-property restaurant, house drinks and nonalcoholic beverages, a $75 spa credit, and a 25% discount for tours and water sports by a third-party operator. The package does require a four-night stay, but that shouldn’t be hard to meet.

The 590-room resort is located on the popular Palm Beach in Noord, and it offers guests three pools, a kids club, sports courts, five restaurants, a lobby bar and cafe, a spa and a casino. There are also complimentary bike rentals for guests who want to explore the area.

Rates at the Holiday Inn Resort Aruba-Beach Resort & Casino start at $250 or 45,000 IHG One Rewards points per night.

Holiday Inn Resort Kandooma Maldives

South Malé Atoll, Maldives

HOLIDAY INN RESORT KANDOOMA MALDIVES/FACEBOOK

Best for: IHG One Rewards members looking for a reasonable redemption rate in one of the world’s most exclusive destinations.

Why stay here: This is one of the more affordable resorts in the Maldives that still has overwater bungalows — and solid snorkeling and surfing.

Best way to book: Book directly with IHG to earn or redeem IHG One Rewards points and enjoy any elite benefits.

The Maldives might have a reputation for over-the-top luxury, but there are several properties that offer a strong value. The Holiday Inn Resort Kandooma Maldives is one of them.

Though it’s a more basic property, it has overwater bungalows and an all-inclusive package that comes with three meals a day at Kandooma Cafe, a beverage package for alcoholic and nonalcoholic drinks, shared airport transfers and complimentary nonmotorized sports. On top of that, kids 11 and under stay and eat free here.

If you’d like to dine beyond Kandooma Cafe, there are a few eateries and bars for light snacks. The Kitchen restaurant offers a full sit-down affair. The resort features a spa, a pool and a kids club. However, overall, amenities are a little limited. There are free snorkel trips each morning, and you can snorkel on your own around part of the resort. This is also one of the few places in the Maldives you can surf.

Rates at the Holiday Inn Resort Kandooma Maldives start at $183 or 30,000 IHG One Rewards points per night.

Crowne Plaza Jordan – Dead Sea Resort & Spa

Swemieh, Jordan

CROWNE PLAZA JORDAN – DEAD SEA RESORT & SPA/IHG

Best for: Travelers exploring Jordan who need a few days of rest and relaxation.

Why stay here: A grand resort on the Dead Sea, this property has a nearly 60,000-square-foot pool called The Lake, as well as an adults-only infinity pool.

Best way to book: Book directly with IHG to earn or redeem IHG One Rewards points and enjoy any elite benefits.

Many visitors to Jordan rush off to Petra and Wadi Rum on an action-packed itinerary. When it comes time for a rest, though, there’s no better place to go than a beach resort on the Dead Sea. The Crowne Plaza Jordan – Dead Sea Resort & Spa provides the perfect respite — with an all-inclusive package to boot. The offer includes three meals a day plus soft drinks.

This is a sprawling resort with 420 rooms set on a private beach, but its nearly 60,000-square-foot pool can easily compete with the Dead Sea. There’s also a similarly sized spa with 30 treatment rooms, a hydrotherapy circuit and a Dead Sea saltwater pool, among other wellness amenities.

Of the four appealing dining venues, the Burj Al Hamam restaurant, which serves Lebanese cuisine, is a standout. The Promenade Restaurant is also popular for its beach views and cocktails at sunset.

Rates at the Crowne Plaza Jordan – Dead Sea Resort & Spa start at $160 or 27,000 IHG One Rewards points per night.

Source: thepointsguy.com

Apache is functioning normally

June 9, 2023 by Brett Tams

With the average cost of college currently at $35,551 per year, most students have no choice but to take out student loans. Whether you go to a public or private university in or out of state, you’ll probably need at least a little help. And we’re here to help you get it.

Students might turn to private student loans instead of or in addition to federal student loans to help cover the cost of tuition and boarding. So how do you choose between the many private lenders — including banks, credit unions, and online marketplaces — out there? We’ve compared many of the top lenders to find those with the best rates, repayment terms, range of options, and more.

But enough suspense. Let’s dive into the best private student loans for you.

What’s Ahead:

Best private student loans

Best for flexible repayment terms: SoFi
Best for low rates: Credible
Best for no cosigner: Ascent
Best for cosigner: Earnest
Best for graduate students: Sallie Mae
Best for student loan refinancing: Splash Financial
Best for multi-year approval: Citizens Bank

Best for flexible repayment terms: SoFi

Fixed APR range – 3.99% – 8.24% APR (including auto-pay discount of 0.25%)
Variable APR range – 3.99% – 8.24% APR (including auto-pay discount of 0.25%)
Fees – None
Prepayment penalty – None
Minimum – Minimum $1,000
Maximum – Full cost of attendance
Loan terms – 5, 7, 10, or 15 years
Forbearance – Up to 12 months
Minimum credit score – 650

SoFi is a peer-to-peer lender offering private student loans for both graduate and undergraduate students. They also provide private and federal student loan refinancing for those who meet citizenship, employment, credit, and income requirements (minimum $5,000).

SoFi stands out for offering more repayment terms than most as well as the option to put membership points toward your loan balance. You have four repayment choices:

Defer monthly payments until six months after you graduate
Pay only interest while in school
Make fixed monthly payments of $25 while in school
Start making regular monthly payments toward the full balance right away

And should you need student loan relief, SoFi provides Unemployment Protection of up to 12 months to qualified borrowers.

There are two discounts available that can help reduce the cost of your loans. The first is a 0.25% interest rate discount when you schedule automatic payments and the second is a 0.125% rate discount for previous SoFi borrowers.

You’ll need at least fair credit to qualify for a private student loan with SoFi, or you can apply with a cosigner for a better chance of approval. We encourage you to check your rate with no effect on your credit. SoFi offers cosigner release after you’ve made 24 consecutive payments toward the principal and interest.

Read our full review.

Best for low rates: Credible

Interest rate range – starting at 4.44% fixed APR (with autopay)* and 4.74% Var. APR (with autopay), See Terms*
Fees – None
Prepayment penalty – None
Minimum – $1,000
Maximum – Full cost of attendance
Loan terms – 5 – 20 years
Forbearance – Varies by lender
Minimum credit score – Varies by lender

Though not a direct lender, Credible is a good place to go if you’re looking for a private student loan. Credible is an aggregator that partners with top lenders including Sallie Mae, Citizens, Ascent, and more to show you many student loan offers in one place. This is an especially great option if you don’t really know where to start because the platform begins by asking you questions to understand your needs, then shows you what you might qualify for.

To compare your options, you’ll fill out a single application to receive offers from up to eight different lenders. This will show you personalized rates you prequalify for to help you easily find the lowest ones. Although you won’t know your final rate until you actually apply to borrow with your chosen lender, this can give you a good idea of what you might pay. Using Credible to shop loans and check your rate does not affect your credit and the application takes just a couple of minutes to complete.

The Credible Best Rate Guarantee means that if you find a lower interest rate with another lender, you may be eligible for a $200 “Best Rate Reward.”

Credible’s partners do not charge origination fees or prepayment penalties. Also, all eight make it easy to apply with a cosigner and offer cosigner release to eligible borrowers.

Read our full review.

Credible Credit Disclosure – To check the rates and terms you qualify for, Credible or our partner lender(s) conduct a soft credit pull that will not affect your credit score. However, when you apply for credit, your full credit report from one or more consumer reporting agencies will be requested, which is considered a hard credit pull and will affect your credit.

Best for no cosigner: Ascent Loans

Fixed APR range – 4.62% – 15.43% (including 0.25% autopay discount)
Variable APR range – 6.01% – 15.32% (including 0.25% autopay discount)
Fees – None
Prepayment penalty – None
Minimum – $2,001
Maximum – $200,000 ($20,000 for Non-Cosigned Outcomes-Based loans)
Loan terms – 5, 7, 10, 12, or 15 years
Forbearance – Up to 24 months
Minimum credit score – Varies

Ascent is a unique private lender for those looking to avoid using a cosigner. They specifically cater to those who want to apply on their own by offering a couple of ways to qualify. There are two types of non-cosigned loans from this lender: credit-based loans and outcomes-based loans. You’ll need at least two years of credit history and an income of $24,000 or more to qualify for a credit-based loan, but you may be eligible for an outcomes-based loan without any credit at all.

Ascent’s outcomes-based private student loans take your future income, not your current income, into consideration. When you apply for this loan, Ascent looks at your GPA, anticipated graduation date, school, program, and more to determine your eligibility. The better your grades and higher-paying your career path, the better your chances. You must be a junior or senior attending school full-time to qualify.

Interest rates are higher for non-cosigned loans, but there are discounts available. These include a 0.25% autopay discount and a 1% cash-back graduation reward.

While in school, you can pay $25 each month or make interest payments only. Alternatively, you can defer payments for up to nine months after you graduate. You may qualify for up to 24 months of Temporary Hardship Forbearance if you find yourself unable to make payments.

Read our full review.

Ascent Disclosure:Ascent’s undergraduate and graduate student loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 4/17/2023 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner. Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores.

Best for cosigner: Earnest

Fixed APR range – 4.96% – 8.99% APR (includes 0.25% autopay discount)
Variable APR range – 4.99% – 8.94% APR (includes 0.25% autopay discount)
Fees – None
Prepayment penalty – None
Minimum – $1,000
Maximum – Full cost of attendance
Loan terms – 5 – 20 years
Forbearance – Determined on a case-by-case basis
Minimum credit score – 650

If you already know you want or need to apply for private student loans with a cosigner, Earnest has excellent cosigned loans. Earnest is a direct lender offering private student loans with low rates and forgiving terms to make repayment easier for student borrowers.

Applicants must have a credit score of at least 650, an income of at least $35,000, and U.S citizenship to qualify. These might be difficult requirements for a college student to meet, which is why Earnest encourages cosigners. In fact, 66% of Earnest borrowers use a cosigner. However, Earnest does not offer cosigner release, but you may qualify to refinance with this lender under only your name when you graduate.

If you have a great cosigner willing to help you out, Earnest will make it easier for you to hold up your end of the bargain with alternatives to the standard repayment plan. In addition to four different repayment options, they give all borrowers a nine-month grace period after graduation before monthly payments are due and the option to skip a payment once a year if needed. You may also qualify for one of the following assistance programs:

Rate Reduction Program – decreased rates and monthly payments for six months
Extended Term Program – loan term extension of up to 30 years to reduce payments

Earnest also has more generous loan forgiveness and discharge policies than most.

Read our full review.

Earnest SLR Disclosure – Actual rate and available repayment terms will vary based on your income. Fixed rates range from 5.21% APR to 9.24% APR (excludes 0.25% Auto Pay discount). Variable rates range from 5.24% APR to 9.19% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loan refinance loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. The maximum rate for your loan is 9.13% if your loan term is 10 years or less. For loan terms of more than 10 years to 15 years, the interest rate will never exceed 9.21%. For loan terms over 15 years, the interest rate will never exceed 9.24%. Please note, we are not able to offer variable rate loans in AK, IL, MN, NH, OH, TN, and TX. Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account.

Best for graduate students: Sallie Mae

Fixed APR range – 4.25% – 12.92% (for graduate loans, including 0.25% auto debit discount)
Variable APR range – 3.87% – 13.50% (for graduate loans, including 0.25% auto debit discount)
Fees – None
Prepayment penalty – None
Minimum – $1,000
Maximum – Full cost of attendance
Loan terms – Up to 15 years
Forbearance – Determined on a case-by-case basis
Minimum credit score – 650

Sallie Mae offers a variety of different loans for both undergraduate and graduate students, but this lender is especially great for graduate private student loans. Let’s get into what makes this option different than others for higher education.

First, Sallie Mae offers 100% coverage for all of your tuition and living expenses from classes to travel with no cap. After graduating, you can defer payments up to 48 months if you’re going right from school to a fellowship or internship. And unlike most loans of this type, you do not need to be enrolled full-time or even half-time to qualify to borrow.

You’ll have a 94% chance of being approved if you’ve already had a Sallie Mae student loan and you apply for a new one with a cosigner. And if you do use a cosigner, you may be eligible to release them after just 12 consecutive monthly payments made on time.

You can either defer your payments for six months after you graduate, make fixed monthly payments of $25 while you’re in school, or pay just the interest while you’re in school and during the six-month grace period after graduation. While Sallie Mae’s interest rates are a little higher than some, you can get a 0.25% rate discount for setting up automatic payments.

Read our full review.

Sallie Mae Disclosures: Borrow responsibly. We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. Sallie Mae loans are subject to credit approval, identity verification, signed loan documents, and school certification. Smart Option Student Loans are for students at participating schools and are not intended for students pursuing a graduate degree. Graduate student loans are available for students at participating degree-granting graduate schools. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Student or cosigner must meet the age of majority in their state of residence. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident), and provide an unexpired government-issued photo ID. Requested loan amount must be at least $1,000.
1 Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. Payments may be required during the grace/separation period depending on the repayment option selected. Variable rates may increase over the life of the loan. Undergraduate – Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Advertised APRs assume a $10,000 loan to a borrower who attends school for 4 years and has no prior Sallie Mae loans. Associate & Trade School – Advertised APRs assume a $10,000 loan to a borrower who attends school for 1 year and has $10,000 in prior Sallie Mae loans. All Advertised APRs assume a $10,000 loan. Medical School Loan and Dental School Loan APRs assume 4 years in school. Law School Loan APRs assume 3 years in school. MBA Loan, Graduate School Loan for Health Professions, and Graduate School Loan APRs assume 2 years in school.
2 Loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.
3 Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 9.63% fixed APR, 51 payments of $25.00, 119 payments of $172.95 and one payment of $121.42, for a Total Loan Cost of $21,977.47. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.07% fixed APR, 27 payments of $25.00, 179 payments of $125.36 and one payment of $49.52 for a total loan cost of $23,163.96. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 2-year in-school period, it works out to a 10.02% fixed APR, 27 payments of $25.00, 119 payments of $153.59 and one payment of $108.14, for a Total Loan Cost of $19,060.35. For a borrower with $10,000 in prior loans and a 1-year in-school period, it works out to a 10.19% fixed APR, 15 payments of $25.00, 179 payments of $117.46 and one payment of $46.27 for a total loan cost of $21,446.61. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years.
4 Example of a typical transaction for a $10,000 Graduate School Loan with the most common fixed rate, Fixed Repayment Option, and two disbursements. For borrowers with a 27-month in-school and separation period, it works out to 12.78% fixed APR, 27 payments of $25.00, 178 payments of $154.24 and one payment of $152.19, for a total loan cost of $28,281.91. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 15 years.

Best for student loan refinancing: Splash Financial

Fixed APR range – 3.29% – 8.49%
Variable APR range – 2.49% – 8.65% (including 0.25% autopay discount)
Fees – None
Prepayment penalty – None
Minimum – $5,000
Maximum – $500,000
Loan terms – 5 – 20 years
Forbearance – Varies by lender
Minimum credit score – 640

Refinancing your student loans is a good way to lock in a lower interest rate for your existing loans, reduce your monthly payments, and consolidate your debt. As a loan marketplace, Splash Financial offers some of the best refinancing options currently available.

To find a loan with Splash Financial, you’ll complete one application and compare your available offers from a variety of banks and credit unions. Using Splash Financial’s marketplace does not affect your credit or cost anything. If you see an offer you like, you can begin an application directly with a lender partner.

If you didn’t get the rates you wanted the first time around when applying for student loans as a new borrower, refinancing can help you save on interest and simplify repayment. It can also let you assume full responsibility for your loans if you originally borrowed with a cosigner. And if you’re recently married, you can refinance with a partner to combine your balances.

Read our full review.

Best for multi-year approval: Citizens Bank

Fixed APR range – 4.74% – 12.06%
Variable APR range – 3.75% – 11.21%
Fees – None
Prepayment penalty – None
Minimum – $1,000
Maximum – Full cost of attendance ($150,000 for all undergraduate and most graduate degrees)
Loan terms – 5, 10, or 15 years
Forbearance – Up to 12 months at a time
Minimum credit score – Not disclosed

If you like the idea of applying once for private student loans and not having to again, you might want to check out Citizens Bank.

This lender provides multi-year approval for between four and six years to eligible borrowers. If you qualify, you’ll be approved for all the money you need to complete your degree upfront. Instead of filling out a new application each year (and adding hard credit pulls to your report), you’ll request more funding when you need it and Citizens will use only a soft pull to confirm you’re still eligible. Citizens will let you know if you qualify for Multi-Year Approval after you submit your application.

You can enroll in autopay for a 0.25% interest rate discount. may also be eligible for a loyalty discount, an interest rate reduction of 0.25%, if you’re already a Citizens customer with a qualifying savings account, checking account, credit card, or loan (or if your cosigner is a customer).

99% of borrowers with Citizens use a cosigner. You can apply for cosigner release after you’ve made 36 on-time, full payments in a row if your credit profile is found to be satisfactory. Can defer payments until after graduation but Citizens does not offer income-based repayment.

Federal vs. private student loans

Federal student loans offer many benefits over private student loans and you should go with this option before you even consider private student loans.

But you may not end up choosing one or the other — in fact, it’s not uncommon for a person to have both federal and private student loans. You’ll want to make sure to understand the (many) differences between federal student loans and private student loans and how they work before applying for either.

Requirements to qualify

Overall, federal student loans are a lot easier to get than private student loans. Federal loans are administered by the federal government, not companies or lenders. They do not require a credit check at all when you’re applying, so it doesn’t matter how low your score is. To assess your eligibility, the U.S. Department of Education will determine your financial need and this will be used to create your loan offer.

In contrast, a lot of private lenders are looking for a credit score in the 670 range, which is considered good. It’s pretty hard to have good credit when you’ve never borrowed before, and by “pretty hard” we mean not possible. This is why so many students use a cosigner for private loans – because they need to.

Repayment and relief options

Federal student loans also provide more wiggle room than private loans by offering more opportunities for relief and support.

Both federal and private loans may qualify for forbearance if you’re unable to make payments due to financial hardship, but only federal loans can be forgiven completely.

Most private loans are not eligible for forgiveness or income-based repayment plans. Income-based repayment plans ensure that your monthly payments make sense for your financial situation and are widely available for federal loans.

Borrowing limits

One advantage of private student loans is higher borrowing limits. Federal loans are given based on your financial need, but you may not qualify to have the full cost of your education covered (even if you can’t pay). Many private loans do not have a maximum borrowing limit and will let you borrow up to the full cost of your education or certificated cost of attendance (COA).

Interest

Federal student loans always have lower interest rates. And because they don’t check your credit, you don’t need a perfect credit history to qualify for the best rates. Even the best private loans come with steep APRs by comparison.

Also, interest on federal loans is more likely to be tax deductible than interest on private loans.

Fees

This is one where private loans come out on top. Unlike federal student loans, many private student loans don’t charge origination fees. These are fees charged as a percentage of your loan and deducted from your total disbursement.

Should you get a private student loan?

The first question you should ask yourself when looking for ways to fund your education is not whether you should get a private student loan but whether you’ve taken full of advantage of (much cheaper) federal funding and alternatives.

Federal student loans are a better option than private loans for almost everyone due to the fact that they’re less expensive and more flexible. They don’t require a credit check so you can qualify without any credit, and you’ll spend less over the life of the loan.

With that said, you may need to take out a private student loan if you can’t get all the funding you need from federal loans. This is fairly common, especially if you’re attending a costlier college or university.

But student loans aren’t your only option.

Alternatives to student loans

Student loans are just one way to pay for college. If you’d like to avoid taking out a private student loan or want to reduce the amount of debt you’re taking on, look into these options first.

Financial aid

Maximizing your financial aid should be your first priority when you’re thinking of borrowing money for college. After all, avoiding student loan debt is the goal. With financial aid, you probably don’t have to pay the money back. The Federal Pell Grant, for example, given to students who show exceptional financial need, doesn’t need to be repaid.

You might qualify for federal student aid even if you don’t think you do.

You can apply for federal aid through the U.S. Department of Education by completing the Free Application for Federal Student Aid (FAFSA). The FAFSA assesses your financial situation to determine if you are a good candidate to receive help from the government. This is also the form you’ll complete when applying to see how much you qualify to borrow in federal loans.

Unfortunately, international students are less likely to qualify for most financial aid.

Read more: How to read a financial aid award letter

Scholarships

Scholarships are just another way to get free money. Some student loan borrowers don’t know how to apply for scholarships or think they definitely won’t qualify and don’t bother. But the fact of the matter is that there are foundations just waiting for someone like you to come along so they can hand you money. True story.

Between merit-based and need-based scholarships, there’s usually something for everybody. There are also a variety of options specifically for different types of students such as graduate students, international students, or even those enrolled in particular programs like pre-med or education.

Many private lenders even have scholarship programs you can apply for when applying for a loan. This can help soften the blow a bit when applying for a loan.

Parent PLUS loans

Parent PLUS loans are a type of unsubsidized federal loan parents can take out on behalf of their dependents. Only biological or adoptive parents with clean credit histories (e.g. no delinquencies) can qualify.

PLUS loans are usually used alongside other forms of loans and funding, not as a primary source.

Work-study

If you qualify for federal financial aid, you may also qualify for Federal Work-Study.

Work-study is a well-named program through the Department of Education that lets you work while you study and earn money for college. Work-study jobs are often on campus and may even be in the academic buildings you’re already visiting, and they’re designed to be flexible for students. You can use the money however you need to, for the most part, and it does not count toward your financial aid. You also don’t have to pay it back – it’s yours free and clear.

How to choose a student loan

Student borrowers should consider the following factors when comparing different private and federal student loans.

Fixed vs. variable loans

Student loans can be either fixed for the entire term of the loan or variable. Fixed means that the interest rate is locked in for the length of the loan and variable means that the interest rate is subject to change.

Should you choose a fixed or variable interest rate?

This is an important question to ask yourself because it’ll ultimately determine how much you’ll pay in interest when all is said and done and your loan is paid off.

Generally speaking, variable rates on student loans are lower. But long-term, fixed-rate loans often carry less interest. Variable-rate loans will fluctuate over time and there’s the potential for rate hikes, making this the riskier choice.

Note that federal student loans only offer fixed rates while private loans might offer the choice between fixed or variable rates.

Maximum loan amounts

For federal student loans, the maximum loan amounts are between $31,000 and $57,500 for undergraduates and up to $138,500 for graduate students.

Private student loans can have maximum limits of anywhere from $150,000 to $500,000 or may allow you to borrow up to the full cost of your education (including tuition, boarding, and more).

As mentioned, many students require a mix of both federal and private loans.

Term lengths

For federal student loans, terms are typically available between 10 and 30 years. Most private loan terms are between five and 20 years.

While it might be tempting to just choose the shortest loan term available to get your student loans over with, you need to consider what monthly payments you can realistically take on when they come due.

Repayment terms

There are many different options for repaying your student loan debt. Most private lenders will let you choose to make interest-only payments, fixed payments of a certain amount (such as $25), or full payments while you’re still in school or wait until you’ve graduated to start making monthly payments.

Each type of repayment comes with its own set of advantages and disadvantages. Interest-only payments, for example, will reduce the amount of interest you pay but will mean that it takes you longer to repay your loan than if you were making payments toward the principal too.

It’s important to consider all of your repayment options and take advantage of tools such as calculators to understand what you’ll be paying and when.

Read more: 20 terms for understanding student loan debt

Fees

Federal student loans require origination fees, which currently range between 1.057% and 4.228% of the loan amount taken. Origination fees are deducted from your total payout. Private student loans normally don’t charge origination fees or other types of application fees.

Neither federal nor private student loans charge prepayment penalties if you decide to make your payments early or pay more than what’s due each month.

APR

The annual percentage rate, or APR, is the effective rate on a loan. It includes both the base interest rate and any required fees added to the calculation.

For example, if you borrow $100,000 and pay a 2% origination fee, the net proceeds of the loan will be $98,000. When a 5% interest rate is calculated on the loan, the APR will be slightly higher due to the reduced net loan proceeds.

Your APR will depend on your credit history and the terms of your loan. You may qualify for a discount through some lenders for activities such as enabling autopay or having another account with a bank.

Deferment options

With private student loans, you might have anywhere from six months to a year after graduating before you’re required to start making repayments. With federal student loans, you don’t need to start making payments until six months after you graduate. When payments are due, you may need to defer or pause them if you’re not able to pay.

Student loans may come with a variety of deferment options. For example, federal student loans come with the option to defer payments if you graduate and have trouble finding a job. Private student loans may offer deferment on a case-by-case basis, but the deferment period will vary by lender.

Just note that interest may still continue to accrue during deferment and factor this into your repayment plan.

Forbearance and loan forgiveness policies

Federal student loans offer both forbearance and loan forgiveness. For example, under the Income-Driven Repayment plan, your monthly payment can be reduced to a small percentage — usually 10 or 15% — of your monthly income.

Under a Public Service Loan Forgiveness plan, your debt can be completely forgiven if you make 120 monthly payments while working full-time for either a government agency or a qualifying nonprofit organization.

With private student loans, loan forgiveness is not an option. However, some will provide forbearance if you experience economic hardship, such as unemployment. Your options depend on which lender you’ve chosen and it’s worth looking into this before borrowing.

Cosigner release terms

You probably won’t need to use a cosigner for federal loans because these don’t have credit requirements, so cosigner release doesn’t apply. However, cosigners are common with private student loans, and you may decide to use one.

If you decide to use a cosigner, they might not be stuck on your student loans until your debt is fully paid off. Many lenders provide a cosigner release option that lets you release your cosigner and continue on the loan alone. If a lender does provide the option for cosigner release, you’ll need to apply and qualify for it by meeting repayment and credit requirements.

Look into the cosigner release terms for any loan you think about taking out and be sure to have a conversation with your cosigner about this too.

How to qualify for a private student loan

If you’ve exhausted all of your options from federal loans to financial aid and scholarships, you might decide it’s time to apply for a private loan. Here’s what you need to know.

Your credit history and income will be used to determine your loan eligibility. If you have a really limited credit history — which is common for first-time student loan borrowers — you may not be able to qualify for a private loan on your own with the terms and interest rate you want. Lenders will also look at your income as a way of determining how risky it is to loan money to you and if you have the financial means to pay them back. Again, many new borrowers don’t meet minimum income requirements.

Some lenders will let you check to see if you prequalify for a loan and show you what rates you might receive with no effect on your credit. If you have this option, use it to avoid submitting more applications than you need to.

If you can’t qualify by yourself, you might want to think about using a cosigner.

When you use a cosigner, their credit history and income will count in your favor because lenders will look at this information as an extension of your application.

Should you use a cosigner?

Applying for student loans with a cosigner makes you look better to lenders. Using a cosigner means choosing a person with more credit than yourself — such as an older relative or parent — to assume responsibility for your loan along with you. This means that their credit profile will be used to determine your eligibility and interest rates.

A cosigner must be someone more creditworthy (i.e. less risky to lenders) than yourself. Someone with a good credit score and high income is a good candidate to cosign.

Your cosigner is only partially responsible for your loan when applying. But if you fail to pay your loan back, they become fully responsible for repaying the debt.

There are several factors to consider when you’re making the decision to use or not use a cosigner on your private student loans. Beyond the financial implications of signing their name to your debt, there are personal implications as well. Asking someone to be responsible for your debt is more than just a favor and a decision that shouldn’t be made lightly.

And if you do end up applying with a cosigner, you might want to have the option to release them as soon as possible. Cosigner release gives you the flexibility to assume full responsibility for your student loan after applying. To qualify for cosigner release, you usually need to make a certain number of consecutive monthly payments – such as 12 or 24 – toward both the principal and interest of your loan. Then, your eligibility as an individual can be reassessed.

Summary

Navigating the process of taking out a private student loan for the first time is a tricky business. But while it isn’t our idea of a good time, it’s definitely worth sitting down and comparing your options before signing your name to thousands of dollars of student loan debt.

If you start with these private lenders and take your time to make the right decision, you should be in good shape to get the loan you need and borrow responsibly.

Source: moneyunder30.com

Apache is functioning normally

June 8, 2023 by Brett Tams

Not sure what to buy for your loved ones this year? Still singing the recession blues? Consider buying nothing at all.

I didn’t buy anything on Black Friday, I didn’t buy anything today, and I won’t tomorrow. This holiday season, I won’t be going near a mall. Under our tree, there will be no plastic toys, no new clothes, and no last-minute matched set of leopard-print mugs for my sister when I panic on Christmas Eve because I have no idea what she wants. There also wont be any dipping into my savings accounts to buy gifts.

Thousands of families will be doing exactly the same thing this year as part of The Compact. The Compact has a simple premise: Everyone who signs on agrees to “buy nothing new” for one year.

Gifts for Kids

For tips on surviving a frugal holiday, I turned to the Non-Consumer Advocate, Katy Wolk-Stanley. Katy is coming into her third year on The Compact. And as a mom of two boys, she knows a thing or two about kids and holiday shopping.

“Christmas is a huge challenge for people who are trying to save money, and for people who are trying to minimize their garbage output and the low-quality stuff that comes into their family,” Katy says.

Here are her guidelines for giving to children during the holiday season:

- Shopping is okay. Katy made it clear that “not buying new” doesn’t mean “no shopping”. She swears by Goodwill and consignment shops. Buying used, she points out, not only saves money, but it’s always a “greener” choice than buying a newly-manufactured item. Online, you can surf eBay or your local Craigslist for second-hand treasures.

- Swapping is even better. “You could do a gift swap where people get together, bring the toys that aren’t being used, and swap,” Katy says. “You’d have to make it an evening without kids, which has its own benefits!”

- Presentation matters. Some kids will be looking for “new” gifts under the tree, and new to them means boxes and brands. Katy suggests looking in higher-end kids’ consignment shops, where you can often find gifts still in their boxes. For kids and adults, Katy offers lots of creative wrapping ideas, like presenting movie tickets with a box of movie-theater candy. For families, try giving toddlers play silks (long pieces of colorful silk) as a gift, and then use the silks to wrap gifts each year for the kids as they grow older.

- Santa buys second-hand, too. My kids still believe in Santa Claus. They’re expecting a pile of Stuff under that tree come Christmas morning. I ordered them a classic dollhouse from “Santa’s workshop” (read: eBay). They’ll get to spend the morning unwrapping each little piece of furniture, instead of a dozen different gifts.

- Be creative. Last year, Katy gave each of her boys a kitten. Rather than put live kittens under the tree, she put some stuffed animals they already had under there with paper tags around their necks that said, “Please exchange me for a real kitten.”

- Don’t be afraid. Chemicals like lead, BPA, and phthalates are common in older toys (even ones that were new last Christmas). Sharp edges and loose parts can cause accidents. A simple way to avoid these problems? Buy simple toys. Unpainted wood gifts, for example, are free of toxins regardless of their vintage. Another simple option: Don’t worry about it. You probably haven’t carefully researched every new toy that comes in the door. Today’s used toys are no more dangerous than last year’s new ones.

Talk to your relatives. “Just explain that you’re trying to decrease the number of gifts given to your children and talk about why you’re doing it,” Katy says. “Possibly offer some other ideas where a person can be creative and still do something special for a child that they love.” Easy for her to say. I’m a pansy when it comes to tough talks, so last year I sent mom a letter asking her to “tell Santa” what kinds of gifts would be most appreciated.

From the archives: Here’s a classic look at the four things children really want for Christmas.

Gifts for Grown-Ups

Toys, books, clothes and treats will take care of most children’s wish lists. But most of us have adults we’re expected to exchange gifts with too. From the office party to family festivities, we find ourselves shopping for friends and relatives.

Here are a few great ideas to replace the leopard-print mugs and bottles of wine you might have been handing out in past years:

- Art. Art may technically be Stuff, but it’s a far cry from imported plastic junk. My most treasured gifts in the past year have been original art pieces by photographer Molly Tomlinson. These gifts can be surprisingly affordable. Many good-but-not-famous artists sell their work for $20 to $50 — no more than you’d spend on a Big Plastic Thing at the mall. To find good original art, go to holiday craft fairs, visit local studios, or search the listings on Etsy.

- Time. Many people love gifts of time. You can offer to babysit, to come to their house and help with an organizing project, or to paint their dining room. Last year, my husband gave me a pretty card with a year’s worth of babysitting commitments from friends and family. I burst into tears on the spot, but I’ve been all smiles every month since when we drop our kids off and go out for an evening alone together.

- Experiences. Movie tickets. A gift certificate to a favorite restaurant. Museum memberships. While a non-material gift may seem better suited to adults, even little kids can enjoy them. Last year, my mother presented my kids with a yearlong membership to the New England Aquarium. She took them there the day after Christmas, and they were also able to enjoy it several more times throughout the year.

- Charity. Charities depend on holiday season donations to make their year-end numbers work. You can help them out and cross some items off your gift list in one blow by donating in a loved one’s name. Charities like Heifer International, Kiva and the Red Cross all make it fun and easy with “virtual gifts”. For example, Heifer lets you give a family in the developing world a cow on your mom’s behalf. Have a cow, Mom!

- Fancy food. Who doesn’t love food? From baked goodies to homemade salsa, it’s hard to go wrong with tasty treats under the tree. Just be sure you know the giftee’s dietary restrictions. Anaphylactic shock is no one’s idea of a happy holiday.

- Handcrafts. It’s a time-honored tradition to give your own handcrafts to loved ones during the holiday season. You probably don’t have time to knit sweaters for everyone on your gift list, but many lovely crafts are easy and quick. You can get your kids involved in making ornaments, ceramic handprints or other treasures for grandparents. Craft supplies themselves can get expensive, but if you have a skill like knitting you can make beautiful unique gifts.

From the archives: One of the most popular posts in GRS history features more than 30 homemade Christmas gifts you make yourself.

Nothing at all Do you have to exchange gifts with every adult in your family? With your coworkers? Your friends? Think carefully about who to put on your gift list, and who would be better served by a thoughtful card or a warm phone call.

Many people have probably done their shopping already, so it’s too late to change course. But there’s always next year. (Or, if you’re a last-minute shopper like J.D., there’s still this year.) And consider joining The Compact in January. You’ll have lots of company, and a whole year to work up to a non-consumer holiday in 2011.

Source: getrichslowly.org

Apache is functioning normally

June 8, 2023 by Brett Tams

Las Vegas, with its glitz, glamor, and vibrant entertainment scene, has long been synonymous with a thrilling vacation destination. However, when it comes to choosing a place to call home, many wonder if Las Vegas truly offers a desirable living environment. To help you make an informed decision, let’s explore the pros and cons of living in Las Vegas. From the excitement of world-class entertainment and access to outdoor pursuits to the challenges of scorching summers and traffic congestion, Las Vegas presents many different factors to consider. So, whether you’re looking to rent an apartment in Las Vegas, purchase a home in the area on Redfin, or simply curious about what it’s like living in Las Vegas, join us as we delve into 11 pros and cons to help you determine if Las Vegas is the right place for you to put down roots.

houses with the Las Vegas Strip in the background

Pros of living in Las Vegas

1. An abundance of activities

Las Vegas, known as the “Entertainment Capital of the World,” offers an unparalleled number of activities for visitors of all interests. From iconic resorts along the famous Las Vegas Strip like Mandalay Bay and the Venetian to downtown’s Fremont Street, visitors can explore an array of casinos, live performances, and stage productions. Beyond the gaming and entertainment scene, Las Vegas also offers luxurious shopping experiences, championship golf courses, and rejuvenating spas. For outdoor enthusiasts, the city is surrounded by stunning natural landscapes, such as the nearby Red Rock Canyon and the Hoover Dam. Additionally, Las Vegas boasts a wide range of gourmet dining options, from celebrity chef restaurants to international cuisines. Some of which include Bouchon, Peppermill, and Carson Kitchen.

2. Food scene

Las Vegas has established itself as a food lover’s paradise, offering a remarkable culinary scene that rivals some of the world’s finest cities. Renowned for its diverse and extravagant dining options, Las Vegas boasts a multitude of Michelin-starred restaurants and celebrity chef establishments like Piccaso, Joel Robuchon, Gordon Ramsay Steak, and Giada.

The Las Vegas Strip alone is home to a staggering array of dining choices, where visitors can savor cuisines from around the globe, including Japanese, Italian, French, Mexican, and many more. Additionally, Las Vegas hosts numerous food festivals and events throughout the year, such as The Great American Foodie Fest and San Gennaro Feast. For those seeking a more casual dining experience, Las Vegas also offers an array of bustling food courts and food trucks like Block 16 Urban Food Hall and Eataly Food Court at Park MGM.

3. Access to nature

Despite its reputation as a bustling city of lights, Las Vegas provides easy access to breathtaking natural wonders and outdoor recreational opportunities. One of the most popular destinations is the nearby Red Rock Canyon National Conservation Area, known for its striking red sandstone formations and picturesque hiking trails. Adventurers can embark on scenic drives, rock climbing adventures, or simply take in the views. Moreover, within a few hours’ drive, outdoor enthusiasts can reach several national parks, including Death Valley National Park, Zion National Park, Bryce Canyon National Park, Joshua Tree National Park, and Grand Canyon National Park.

Zion Canyon and the Meandering Virgin River at Dusk

4. No state income tax

One of the significant advantages of living or working in Las Vegas is the absence of state income tax, as Nevada does not impose a personal income tax on its residents. This favorable tax environment means that individuals can keep a larger portion of their earnings compared to many other states in the United States.

5. Great airport

Las Vegas is served by Harry Reid International Airport, which is one of the busiest airports in the United States. As a major transportation hub, Harry Reid International Airport offers excellent connectivity to domestic and international destinations, making it convenient for travelers from around the world. The airport is located just a few miles south of the Las Vegas Strip, allowing for easy access to the city’s resorts and attractions.

6. An up-and-coming sports city

Las Vegas has rapidly emerged as a thriving destination for sports boasting an exciting and up-and-coming sports scene. The National Hockey League (NHL) welcomed the Vegas Golden Knights in 2017. Since its inception, the Golden Knights have made it to two Stanley Cup Finals, one in 2018 and another in 2023. Furthermore, professional football arrived in Las Vegas with the relocation of the Oakland Raiders to become the Las Vegas Raiders in 2020. The state-of-the-art Allegiant Stadium, situated just off the Strip, serves as the team’s impressive home venue. Las Vegas also is home to the Las Vegas Aces, a professional women’s basketball team. The Aces have quickly become a force to be reckoned with, boasting a talented roster and consistently making their mark in the league.

T-Mobile Arena at night

Cons of living in Las Vegas

7. The summer heat

Las Vegas is notorious for its scorching summer heat, creating challenging conditions for residents and visitors. With temperatures often soaring well above 100 degrees Fahrenheit (37 degrees Celsius), the intense heat can be overwhelming and uncomfortable. The relentless sun and lack of shade make outdoor activities during the daytime difficult.

8. Lack of public transportation

One of the challenges in Las Vegas is the limited availability and effectiveness of public transportation. While the city has made efforts to improve its transportation infrastructure, including the implementation of a bus system and the Las Vegas Monorail, the overall public transportation network remains relatively underdeveloped compared to other major cities. The bus system, while serving some areas, may not offer comprehensive coverage, resulting in longer travel times and limited access to certain destinations. The Las Vegas Monorail primarily operates along the Las Vegas Strip, making it convenient for travelers staying in that area but less useful for those needing to reach other parts of the city. As a result, many residents and visitors rely heavily on private vehicles or rideshares to navigate Las Vegas.

9. Lack of greenery

One of the drawbacks of Las Vegas is its noticeable lack of greenery. The desert landscape surrounding the city means that lush vegetation and expansive green spaces are scarce. Instead, visitors and residents are greeted with a predominance of arid desert terrain characterized by rocky terrain, sparse vegetation, and a limited presence of trees and plants. This scarcity of greenery can make the city feel stark and somewhat monotonous in terms of natural scenery.

Aerial view of downtown city during dusk in Las Vegas, Nevada, USA.

10. You can’t see stars

One disappointing aspect of Las Vegas is the difficulty in seeing stars due to light pollution. The city’s vibrant nightlife and dazzling displays along the famous Las Vegas Strip create a continuous glow that permeates the sky, obscuring the natural beauty of the stars. The abundance of bright lights, neon signs, and illuminated buildings results in light pollution, which significantly diminishes the visibility of celestial objects. If you want to go star-gazing, expect to drive well outside the city before you begin to see twinkles in the night’s sky.

11. No four seasons

One aspect that some may find disappointing about Las Vegas is the absence of four distinct seasons. The city’s desert climate contributes to hot, dry summers and mild winters, with relatively little variation throughout the year. This lack of distinct seasonal changes can make it feel as though the year blends together without clear transitions between spring, summer, fall, and winter.

Source: redfin.com

Apache is functioning normally

June 8, 2023 by Brett Tams

Editor’s note: This post has been updated with new information.

Nobody likes a delayed flight, and so far this year, about 21.9% of flights have been delayed, according to data from FlightAware. You can even monitor a live airline flight cancellation page and a misery map showing airport locations and delays.

However, since the airlines can’t control the weather, delays are a necessary evil that passengers must put up with. Even if there’s a maintenance issue causing the delay, you don’t want to stray too far from the gate and risk missing your flight in case the issue is resolved quickly and the airline revises the departure time.

So before you head off to the airport lounge to drink away your sorrows, there are some things you need to know about flight delays. In some instances, you may even be entitled to financial compensation for your inconvenience.

Here’s what you should do if your flight is delayed.

Check in with the gate agent

Don’t skip off to the airport lounge immediately after finding out about a flight delay. I’ve admittedly been guilty of this, and it’s almost caused me to miss a twice-delayed flight. After getting delayed during a flight a few years back, I figured I had enough time to grab some food and catch a cat nap at the lounge. I hadn’t realized that the flight had somehow been “un-delayed” until I happened to wake up a short time later. With just minutes to spare before the boarding doors closed, I arrived to catch my connecting flight — harried and out of breath.

I would have avoided this entirely had I checked with the gate agent to find out the new time or asked an employee at the lounge. They typically know these things.

Another thing: Don’t rely solely on the airport departure and arrival board, as they aren’t always updated. They’re usually accurate, but you’re likely to get the most up-to-date flight departure information by downloading your airline’s app to your phone and signing up for text flight alerts.

On another flight between my hometown airport Norfolk International Airport (ORF) and LaGuardia Airport (LGA), I discovered my outbound flight had been delayed minutes before the gate agent announced it over the intercom. Having multiple sources of information, especially as more flights experience operational delays these days, is better than relying on just one source.

Know your credit card’s delay and cancellation policy

At TPG we talk a lot about how to make your travel rewards credit cards work for you — and not only about earning elite status with airlines or finding the best lounge to plane spot. Sometimes your credit card will come in handy when a trip doesn’t go quite as planned.

One underrated benefit that can come to the rescue when things go wrong is trip delay coverage, according to TPG senior editor Nick Ewen. A delay isn’t just frustrating. It can cause you to miss a crucial flight segment and potentially leave you stranded at an airport.

Trip delay protection ensures that you won’t be responsible for additional (reasonable) expenses that occur due to a lengthy trip delay. However, some credit cards can save you money and hassle if you’re delayed due to weather, operational problems, strikes or other unplanned events. You will likely need to pay for the expenses upfront, but you may be eligible for reimbursement afterward.

Credit cards with trip delay protection include:

*Eligibility and Benefit level vary by card. Terms, conditions and limitations apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

Related: Best credit cards that offer trip delay reimbursement

You may be eligible for a refund

CREATIVE TOUCH IMAGING LTD/NURPHOTO/GETTY IMAGES

Know your rights if there’s a delay or cancellation.

If you decide not to fly your originally scheduled flight due to significant delays and cancellations, you should get your money or points back. Airlines will generally try and push a voucher on you. However, you don’t have to settle for it as you are entitled to cash.

Related: Can I get flight delay compensation? These are the ways you qualify

You may have a cancel and refund option available online or in the airline’s app. Although, as I’ve found in the past, the airlines don’t make it a simple process. So, you may end up having to call the customer service line. Remember, even if the airline offers you a voucher or miles, you’re typically entitled to a cash refund.

You have even more options if your travel falls under the EU261 regulation — which establishes rules on compensation and assistance to passengers in the event of denied boarding, cancellation or long flight delays.

EU261 provides some travel protections if your flight is delayed at departure, depending on how long the delay is. If you arrived at your final destination with a delay of more than three hours, you are entitled to compensation (unless the delay was due to extraordinary circumstances, like terrorism.)

As we reported last year, the regulation applies to the following:

Flights wholly within the European Union and operated by any airline;
Flights departing from the EU to a non-EU country and operated by any airline; and
Flights arriving in the EU from outside the EU and operated by an EU airline.

For rates and fees of the Amex Platinum card, click here.
For rates and fees of the Delta Reserve card, click here.

Related reading:

Additional reporting by Becky Blaine.

Source: thepointsguy.com

Apache is functioning normally

June 8, 2023 by Brett Tams

In the private student loan marketplace, Discover Bank provides some of the most tried-and-true options, including loans for undergraduate, graduate, and multiple pre-professional programs.

Discover also offers competitive interest rates and some of the most flexible repayment options of any private lender. And there’s one bonus that makes Discover stand out: borrowers get cash rewards for good grades.

What’s Ahead:

Pros & Cons of Discover Student Loans

Pros

No loan fees — Discover doesn’t charge the fees that can ratchet up the cost of other servicers’ loans, like origination, application, and late fees. They don’t even charge prepayment penalties.
Multiple repayment options — Student loans from Discover have deferment and forbearance extensions, and eased repayment options for borrowers experiencing economic hardship. This kind of flexibility is rare for private lenders.
Large loan limits — With many loans Discover offers, including undergraduate and graduate loans, you can borrow up to the full cost of your education. However, there are aggregate limits for all Discover loans; Discover makes sure you don’t borrow more than you need, and you may not be able to borrow above a certain maximum.

Cons

Cosigners can’t be released — Unlike several private lenders, Discover keeps cosigners on the hook for repayment responsibility until the loan is fully repaid. If your loan is supported by a cosigner, this is important to keep in mind.
Narrow loan terms — While some lenders offer a range of short and long repayment term options, Discover repayment terms are limited to 15 or 20 years. This means you could potentially accumulate more interest.
No prequalification process — With prequalification, you can check if you qualify for a loan without going through a hard credit check. Discover requires the hard credit check, which “dings” your credit temporarily.

Read more: Soft Pull vs. Hard Pull – How Each Affects Your Credit

Types of Student Loans Discover Offers

Undergraduate Programs

If you’re enrolled at least half-time in an associate’s or bachelor’s degree program, Discover can help you out with costs. One unique feature of Discover’s undergraduate loans is the multi-year option, where you can pre-qualify to borrow loans for future semesters at the same school and in the same degree program. Since most Bachelor’s degree programs take at least four years, this could save you a ton of time.

Freshmen are also eligible for extra good-grade perks. In addition to the 1% cash reward Discover offers all its borrowers for 3.0 GPAs or higher, undergraduate freshmen can get an additional 1% of their loan amount as a cash reward.

APRs: Fixed: 5.49%–13.99%; Variable: 2.99%–12.59%
Loan amounts: Minimum $1,000, maximum up to 100% of cost of attendance (including tuition, room, board, and books) minus other financial aid
Loan terms: 15 years

Graduate Programs (Master’s and PhD Degrees)

These loans are for students enrolled at least half-time in eligible master’s or PhD programs in a range of subjects. Eligibility may depend on a credit check, but qualified borrowers can take out up to 100% of their cost of attendance, which can be substantial for graduate school.

APRs: Fixed: 5.49%–14.99%; Variable: 3.99%–13.99%
Loan amounts: Minimum $1,000, maximum up to 100% of cost of attendance (including tuition, room, board, and books) minus other financial aid
Loan terms: 20 years

MBA Programs

Like other graduate programs, business school can be pricey; fortunately, it has its own Discover loan options. Eligible borrowers should be enrolled at least half-time in a business school program leading to an MBA.

APRs: Fixed: 5.49%–11.99%; Variable: 4.24%–10.99%
Loan amounts: Minimum $1,000, maximum up to 100% of cost of attendance (including tuition, room, board, and books) minus other financial aid
Loan terms: 20 years

Medical School

Discover supports medical students in these specialties: allopathy, dentistry, nursing, occupational therapy, optometry, osteopathy, pharmacy, physical therapy, physician assistant, podiatry, and veterinary medicine. If you’re in an eligible program for a specialty on this list, you may qualify.

APRs: Fixed: 5.49%–9.99%; Variable: 3.99%–8.59%
Loan amounts: Minimum $1,000, maximum up to 100% of cost of attendance (including tuition, room, board, and books) minus other financial aid
Loan terms: 20 years

Medical Residency and Relocation

These loans help cover the costs of post-grad medical residencies and internships, including moving costs. The eligible amounts differ based on the specific programs, but a variety of graduate health profession programs are included, as are veterinary and dental residencies.

APRs: Fixed: 5.99%–8.99%; Variable: 4.49%–7.24%
Loan amounts: $1,000 to $18,000 for allopathy, dentistry, optometry, osteopathy, pharmacy, podiatry, and veterinary medicine programs. $1,000 to $5,000 for nursing, occupational therapy, physical therapy and physician assistant programs.
Loan terms: 20 years

Law School

Students enrolled at least half-time in a degree-granting law school graduate program are eligible to borrow up to 100% of their school costs for each year of school.

APRs: Fixed: 5.49%–13.99%; Variable: 3.99%–12.59%
Loan amounts: Minimum $1,000, maximum up to 100% of cost of attendance (including tuition, room, board, and books) minus other financial aid
Loan terms: 20 years

Bar Exam Expenses for Law Students

Recent law school grads, or students in their final year of law school, are eligible for this loan that gives them resources and time to study for the all-important bar exam.

APRs: Fixed: 6.49%–13.99%; Variable: 4.99%–12.99%
Loan amounts: $1,000 to $16,000
Loan terms: 20 years

Parent Student Loans

For students whose parents are helping out with their education, Discover has parent-specific private loans with competitive terms. Parent loans can cover either undergraduate or graduate student costs.

APRs: Fixed: 9.49%–14.49%; Variable: 7.99%–13.49%
Loan amounts: Minimum $1,000, maximum up to 100% of cost of attendance (including tuition, room, board, and books) minus other financial aid
Loan terms: 15 years

Consolidation Loans

Discover also offers private consolidation loans. Technically, these are refinanced loans rather than consolidated loans, but you still get a potential lower monthly payment and a simplified payback process.

Read more: Student Loan Consolidation and Refinancing Guide

Borrowers who choose this option should be aware Discover has longer payback terms for refinanced loans — 10-year or 20-year terms—compared to most lenders. You might make smaller monthly payments, but at the expense of racking up more interest.

APRs: Fixed: 4.99%–9.49%; Variable: 3.99%–7.99%
Loan amounts: Minimum $5,000; maximum up to the aggregate amount of your loan debt
Loan terms: 10 or 20 years

Eligibility

To apply for a Discover loan, you must:

Be enrolled at least half-time and on track towards a degree
Be making “satisfactory academic progress” according to your school
Pass a credit check — as with most private loans, your credit rating helps determine the interest rate you can get
Be a U.S. citizen, permanent resident, or international student with a citizen/resident cosigner
Be 16 years of age or older

In many cases, especially with undergraduate loans, you’ll need a cosigner. Make sure your cosigner is in it for the long haul, since Discover requires cosigners to keep their name on the loan until it’s paid.

Read more: What Does Being a Cosigner Really Mean?

Interest Rates

Discover provides a range of interest rates competitive with the industry average for private student loans, though on the higher end of the spectrum.

Borrowers can choose between fixed and variable rates. Fixed rates stay the same over the life of the loan. Variable rates may rise or fall within a predetermined range depending on the market.

You’re eligible for lower interest rates if you or your cosigner have good credit (think high 600s or above). Rates also vary based on the amount of the loan and the length of the term.

Perks and Benefits of Discover Student Loans

Rewards for Good Grades

Discover wants you to do well! As long as your GPA is 3.0 or higher for the year, you’ll get a 1% cash reward for each loan. The reward applies annually if you take out a loan each year. And you can spend the extra cash any way you want.

No Fees

You don’t pay application or late fees — every payment you make goes toward the loan.

Auto Debit Rewards

For enrolling in automatic payment during your repayment period you’ll get a 0.25% reduction on your interest rate.

Repayment Terms

Private loans are known for having less flexible repayment terms than federal loans, but Discover is one exception. The bank makes multiple forms of repayment assistance available to borrowers, including payment extensions and reduced payments as needed.

Interest-Only or Fixed Plans

For in-school repayment you can choose an interest-only plan or a fixed plan. On the interest-only plan you make payments on the interest but not the principal while in school. You’re rewarded with a 0.35% interest rate discount.

The fixed plan requires monthly payments of $25, saving you money on interest later. Those who want to pay early can do so — there’s no prepayment penalty.

Deferment

Deferment lets you delay payments while in school and during your six-month grace period. This option accumulates more interest than the in-school repayment plans.

You can defer for longer periods of time during a medical residency, active military duty or qualifying public service.

Forbearance

Forbearance gives you a chance to postpone loan payments for up to 12 months during times of financial hardship. As with deferment, interest continues to accrue.

For borrowers struggling to make payments, Discover has a few more choices beyond forbearance:

A temporary interest rate reduction gives you a lower interest rate and payment (a $50 monthly minimum) for up to six months.
A temporary payment reduction allows you to pay down the interest only (a $50 monthly minimum) for up to six months. To get this reduction you should be less than 60 days behind on payments.
Early repayment assistance lets you postpone payments for three months (within the first three months of your repayment period).
Payment extension is for people who are at least 60 days behind on their loan payments — if you make three minimum monthly payments within 90 days, your loan will be brought back to “current” status.

Alternatives to Discover Student Loans

Discover isn’t the only private lender option for students out there. Here’s how Discover stacks up against some of the competition.

Earnest

<img decoding="async" class="alignright size-full wp-image-67137" src="https://www.moneyunder30.com/wp-content/uploads/2019/01/Earnest_210x100.jpg" alt="Best Personal Loans Of March 2021

Source: moneyunder30.com

Apache is functioning normally

June 7, 2023 by Brett Tams

One highlight of the World of Hyatt award program is that it still uses award charts to determine the points you’ll need to redeem for a free night. The World of Hyatt award chart for Hyatt hotels and resorts, as well as participating Small Luxury Hotels of the World and MGM Rewards destinations, has eight categories. Award prices range from 3,500 points for an off-peak Category 1 night to 45,000 points for a peak Category 8 night.

For this article, we selected some of the best Hyatt Category 4 hotels. We’ve chosen properties from various Hyatt hotel brands, ranging from a Hyatt Place to a Park Hyatt. A standard room at these hotels costs 12,000 points on off-peak nights, 15,000 points on standard nights and 18,000 points on peak nights. These hotels are also some of the best Hyatt free night hotels since you can use Category 1-4 promotional awards earned through the World of Hyatt Credit Card as Milestone Rewards and as Brand Explorer awards to book these hotels.

Hyatt Place Panama City Beach / Beachfront

Panama City Beach, Florida, USA

HYATT

Best for: Staying beachfront in Panama City Beach.

Why stay here: With a beachfront pool, beach access and family-friendly rooms, this Hyatt Place is a strong choice for a low-key beach vacation.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits.

The oceanfront Hyatt Place Panama City Beach / Beachfront is just a short walk from Panama City Beach’s Pier Park. Ample shopping, activities and restaurants within walking distance make this a compelling location for a family beach vacation.

You can book a 333-square-foot room with a king bed and a sofa bed or a 367-square-foot room with two queen beds and a sofa bed using points or free night certificates. If you want to book a paid rate, the property also offers gulf-view rooms, rooms with kitchenettes and even family-friendly rooms with a king bed, bunk beds and a sofa bed. All rooms include at least a minifridge, but some rooms with kitchenettes have a full-size refrigerator.

The Hyatt Place Panama City Beach / Beachfront charges a daily resort fee of $45.20 from March 1 to Oct. 31 and a daily resort fee of $28.25 during the rest of the year. The resort fee includes parking for up to one vehicle. Plus, this Hyatt Place offers some amenities you wouldn’t typically expect at this brand, including a resort-style pool, lazy river, outdoor games, weekend entertainment and seasonal beach chair service. If you book a free night award — which includes redeeming Hyatt points or using Category 1-4 promotional awards — or you have Hyatt Globalist status and book an eligible rate, you can enjoy waived resort fees.

Daily breakfast at the Breakfast Bar is included in your stay. The Breakfast Bar offers hot and cold items, coffee, milk, juice and tea. You can purchase drinks and snacks poolside from Coconut Charlie’s Pool Bar or beachside from the Beach Bar. If you don’t feel like leaving the hotel for dinner, visit Coconut Charlie’s Beach Bar & Grill for waterfront views, food, drinks and occasional live entertainment. Finally, an on-site market offers a selection of packaged grab-and-go items.

Rates at the Hyatt Place Panama City Beach / Beachfront start at 12,000 points or $198.93 per night, including the $28.25 resort fee.

Hyatt Regency Grand Cypress Resort

Orlando, Florida, USA

MICHAEL STAVARIDIS/HYATT

Best for: A family-friendly golf trip to Orlando.

Why stay here: With a lagoon-style pool with a slide, an award-winning golf course and complimentary shuttle service to Disney and Universal, this resort is a particularly good choice for families.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits.

I stayed at the Hyatt Regency Grand Cypress Resort in Orlando several times almost 20 years ago. What I remember most about the resort is its Grand Cypress Golf Club, with holes designed by Jack Nicklaus. I also remember relaxing at its 800,000-gallon pool as well as its waterfalls, caves and waterslide.

The Hyatt Regency Grand Cypress Resort has 779 rooms, including 46 suites. Rooms are 360 square feet and offer one king bed or two double beds with views toward Orlando, the pool or a lake. Meanwhile, suites start at 702 square feet. You can book standard rooms starting at 12,000 points per night, standard suites starting at 21,000 points per night and premium suites starting at 24,000 points per night.

Unfortunately, the Hyatt Regency Grand Cypress Resort charges a nightly resort fee of $45 plus taxes and fees per room. However, you can avoid this fee if you book a free night award. Plus, Hyatt Globalist members can avoid the fee when booking any eligible rate. You’ll get transportation to and from Walt Disney World, Universal Orlando Resort and Disney Springs as part of the daily resort fee. You’ll also get access to a seven-hole pitch and putt course, a miniature golf course, bike rentals, a rock climbing wall and more.

The Hyatt Regency Grand Cypress Resort offers various dining options. Guests looking for a quick, casual experience will enjoy the grab-and-go market and the On the Rocks poolside restaurant. Meanwhile, guests looking for an upscale experience can book dinner at Four Flamingos, A Richard Blais Florida Kitchen. Lakehouse Restaurant & Bar offers all-day dining, and its sub-restaurant, Lakehouse Sushi Bar, is open for dinner. Finally, you can enjoy afternoon or evening drinks and snacks at The Lobby Bar.

Rates at the Hyatt Regency Grand Cypress Resort start at 12,000 points or $229.51 per night, including the $50.63 resort fee.

Related: Splash into fun: The 14 best hotel pools in Orlando

Manchester Grand Hyatt San Diego

Downtown, San Diego, California, USA

MANCHESTER GRAND HYATT SAN DIEGO/ZACH BENSON/FACEBOOK

Best for: Hyatt loyalists wanting a downtown stay right on the water.

Why stay here: Whether you’re in town for a convention or simply want to explore downtown San Diego, this luxurious Hyatt property is a great use of points.

Best way to book: Book directly with Hyatt to earn and redeem points, or via Chase’s Luxury Hotel & Resort Collection for elitelike perks and on-property credits.

The Manchester Grand Hyatt San Diego hosts plenty of conference and convention guests, but it’s also well located for tourists near Seaport Village. Many guests applaud this waterfront hotel for its views, including those from its 40th-floor bar and rooftop pool decks.

Most Manchester Grand Hyatt San Diego rooms are 340 square feet with city or bay views and one king bed, two double beds or two queen beds. However, the property also offers several different suite types, starting with a 700-square-foot Signature Suite. You can book standard rooms starting at 12,000 points per night, club rooms starting at 18,000 points per night, standard suites starting at 21,000 points per night and premium suites starting at 24,000 points per night.

The Manchester Grand Hyatt San Diego has two outdoor pools: a fourth-floor family pool and a third-floor adults-only pool (that, at the time of writing, was closed). There’s also a 24-hour fitness center.

The hotel charges a destination fee of $39 plus tax per night. Unfortunately, this fee doesn’t offer enough value for most guests. However, you can avoid paying the destination fee if you’re a Hyatt Globalist staying on an eligible rate or if you book a free night award.

You’ll have seven dining options at the Manchester Grand Hyatt San Diego. One highlight is Sally’s Fish House & Bar, which lets you enjoy sustainable seafood, craft cocktails and California wines at lunch and dinner next to the boardwalk and the San Diego Bay. Another highlight is Top of the Hyatt, a 40th-floor lounge offering cocktails and small plates alongside city and bay views. There’s also a seasonal pool bar and grill. Or you can order something from GrandEats if you want food delivered to your room.

Rates at the Manchester Grand Hyatt San Diego start at 12,000 points or $262.82 per night, including the $43.88 destination fee.

Related: The best hotels in San Diego

Thompson Chicago

Gold Coast, Chicago, Illinois, USA

THOMPSON CHICAGO/FACEBOOK

Best for: Luxury travelers looking for homey touches and easy access to Lake Michigan running trails and other local venues.

Why stay here: You’re looking for a neighborhood feel to your stay and want easy access to the Loop — without actually staying in the Loop.

Best way to book: Book directly with Hyatt or the hotel website to earn and redeem World of Hyatt points, or through the Chase Luxury Hotel & Resort Collection to enjoy elitelike benefits.

The Thompson Chicago is a boutique hotel located a short walk from the start of the Magnificent Mile. The surrounding neighborhood is great for food and shopping.

You can redeem Hyatt points for a 320-square-foot standard room at the Thompson Chicago with one king or two double beds. If you want to book a paid rate, there are also high-floor rooms, lake-view rooms and various suites. Dogs are welcome at the Thompson Chicago for no additional charge, although you should contact the hotel before your stay for more details.

The Thompson Chicago has a popular lobby bar, Salone Nico, that serves rustic Italian cuisine and drinks. Meanwhile, Nico Osteria offers all-day dining with a focus on Italian seafood. You can also order room service or venture out to sample the many restaurants in the neighborhood.

This property charges a $17 destination fee that provides premium internet, local newspapers and 24-hour fitness club access. There aren’t many other amenities to note at this hotel. You can avoid paying the destination fee if you’re a Hyatt Globalist staying on an eligible rate or if you book a free night award.

Rates at the Thompson Chicago start at 12,000 points or $216.69 per night, including the $17 destination fee.

Related: The 17 best Chicago hotels

Hyatt Regency Seattle

Seattle, Washington, USA

TAGGART COJAN SORENSEN/HYATT

Best for: Tidy, clean rooms in a quiet part of downtown Seattle.

Why stay here: This beautiful hotel with modern rooms is in an excellent location just a block away from the Paramount Theatre and within walking distance of many major attractions.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits.

The Hyatt Regency Seattle is in the heart of downtown Seattle. It’s within walking distance of both convention centers and just a short walk from tourist attractions such as Pike Place Market and the Seattle Art Museum. Moreover, the hotel participates in various sustainability initiatives, including donating leftover, untouched food to a local nonprofit.

You can book 320-square-foot standard rooms starting at 12,000 points per night, 500-to-725-square-foot standard suites with a separate living area starting at 21,000 points per night and 735-square-foot (or more) premium suites starting at 24,000 points per night. One of the premium suite types even offers a private fitness space with a Peloton bike, yoga mat and arm weights. All rooms have either one king bed or two queen beds.

The Hyatt Regency Seattle offers the largest hotel meeting venue in the Pacific Northwest, so it understandably caters to conference, wedding and convention travelers. The hotel has a 24-hour fitness center with Technogym equipment and Peloton bikes (although the bikes were temporarily unavailable at the time of writing). You can bring one dog weighing 50 pounds or less if you pay the $50-per-stay pet fee.

Andare Kitchen & Bar on the lobby level offers all-day, Italian-inspired dining. The venue offers a vegan menu, a weekday happy hour and a bar that’s open daily from 11 a.m. to 11 p.m. You can also enjoy downtown views alongside steakhouse favorites and wine if you opt for dinner at Daniel’s Broiler on the hotel’s second floor. Check out the Market on the second floor if you want something quick. You can also order room service or check out the neighborhood’s many restaurants outside the hotel.

Rates at the Hyatt Regency Seattle start at 12,000 points or $195.62 per night.

Related: A Hyatt hop through Seattle: Which Hyatt should you choose on your next trip to the Emerald City?

MGM Grand

Las Vegas, Nevada, USA

MGM GRAND/MGM

Best for: Travelers looking for a mix of relaxation and action in one place.

Why stay here: There’s an epic lazy river you can float around on all day.

Best way to book: Book directly on the MGM Grand’s website.

The MGM Grand in Las Vegas is well known for its 6 1/2-acre Grand Pool Complex, which features four pools, three whirlpools and a lazy river. There are always great shows at the MGM Grand, which currently hosts Ka by Cirque du Soleil, Jabbawockeez and David Copperfield; of course, there are also slots, table games and poker in the casino. You can also get a spa treatment at the MGM Grand Spa & Salon or hit some balls at the on-site Topgolf.

The MGM Grand has many different accommodation types and categories across its 5,000 rooms and suites. However, you can only book a 350-square-foot studio king room with Hyatt points or free night certificates. Unlike other stays where resort fees are waived if you book a free night award, this policy doesn’t apply at MGM Rewards destinations like the MGM Grand.

Hyatt members can match their status to MGM Rewards. By doing so, Hyatt Explorists and above can get waived resort fees at MGM properties with their matched MGM Rewards Gold status — but only when booking through MGM Rewards (not World of Hyatt). The MGM Grand charges resort fee of $39 plus tax, so you may want to forgo redeeming Hyatt points for your stay and instead book a paid rate through MGM Rewards if you have Gold status or higher. Best of all, you can still earn Hyatt elite-qualifying nights when you book through MGM Rewards.

You’ll find plenty of dining options at the MGM Grand. On the upscale end, MGM Grand offers L’Atelier de Joël Robuchon for French dishes prepared in front of you, Hakkasan Restaurant for Cantonese dishes, Tom Colicchio’s Craftsteak for high-quality cuts from small family farms, and Joël Robuchon for fine French dining. If your dining budget is more modest, there’s also Grand Wok Noodle Bar, Nellie’s Southern Kitchen, Greek Sneek and Emeril’s New Orleans Fish House. Or, you can enjoy the MGM Grand Buffet, Tap Sports Bar or various options in the food court.

Rates at the MGM Grand start at 12,000 points or $114.63 per night, including the $44.22 resort fee.

Related: Why Hyatt elite members should book through MGM when visiting Las Vegas

Andaz Mexico City Condesa

Cuauhtemoc, Mexico City, Mexico

HYATT

Best for: An eclectic stay in the artsy Condesa neighborhood near Parque Mexico.

Why stay here: This chic hotel offers great service, an appealing location, compelling views from the pool and a dog-friendly Wooftop Beer Garden.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits.

The Andaz Mexico City Condesa opened in January 2023 with 213 rooms and is already getting good reviews. However, guests note you can sometimes hear music in the rooms at night, so this may not be the best property for you if you’re a light sleeper. The hotel’s neighborhood provides ample dining options and a central location for tourists — just a short walk from Parque Mexico and various art galleries.

Booking a free night award will get you a 344-square-foot standard room with one king bed or two double beds overlooking Insurgentes Avenue or the hotel’s internal patio. If you book a paid rate, you can reserve a city-view room or several suite types, including a 667-square-foot terrace suite with a large private outdoor terrace.

The 17th floor of the hotel offers a rooftop pool with great city views, and the Cabuya Rooftop restaurant and bar. The hotel also offers a 24-hour fitness center, a spa and a beauty salon. You can get teas and coffees at the Derba Matcha Cafe and enjoy a drink in the dog-friendly Wooftop Beer Garden & Canine Club. If you bring your dog for your stay, you’ll need to pay a fee of $100 per pet per room.

Rates at the Andaz Mexico City Condesa start at 12,000 points or $259.02 per night.

Related: Here’s how to quickly stock up on Hyatt points for your next vacation

Alila Fort Bishangarh

Bishangarh Village, Jaipur, Rajasthan, India

HYATT

Best for: A luxurious stay in a converted 233-year-old fort.

Why stay here: With a thoughtful design, farm-to-table dining and activities native only to Bishangarh, you won’t regret adding this unique Alila to your India trip.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits, or via American Express Fine Hotels + Resorts.

Alila Fort Bishangarh, located between Delhi and Jaipur in India’s Rajasthan, has 59 rooms and suites and is housed in a 233-year-old fort. I used two Category 1-4 promotional awards to stay at this amazing property and can wholeheartedly recommend a stay if you visit Rajasthan.

You can book a 562-square-foot Heritage Room with one king bed or two twin beds starting at 12,000 points per night or an 800-square-foot Grand Suite with one king bed starting at 24,000 points per night. You can also use points plus cash to book a 700-square-foot Royal Suite with one king bed or two twin beds. If you want to book a paid rate, you have all these options plus a 912-square-foot Regal Suite and a 1,054-square-foot Presidential Suite on offer.

There’s plenty to keep you busy at Alila Fort Bishangarh. You’ll find Spa Alila, an infinity pool with compelling views of the fort, a 24-hour fitness center and Play Alila for children. The hotel also offers numerous excursions and experiences, including cooking classes, a guided visit to the Bishangarh Village Market and the opportunity to visit a milk factory.

And you’ll find some impressive dining options on-site — which is good since most guests will eat most, if not all, of their meals on-site. Amarsar is open all day with Indian and international dishes on offer. On select nights, Nazaara is open with local cuisine prepared in traditional Rajput hunter style; it’s a memorable terrace-dining experience that you’ll enjoy if you can handle some Indian spices and aren’t a picky eater. Meanwhile, Haveli is open for poolside meals and drinks throughout the day, and Madhuveni offers cocktails, cigars and tapas in a beautiful, intimate space.

Rates at the Alila Fort Bishangarh start at 12,000 points or $206 per night.

Related: The best ways to fly to India with points and miles

Hyatt Regency Paris Etoile

Paris, France

HYATT REGENCY

Best for: Travelers looking to stay just a short walk from historic sights, such as the Arc de Triomphe.

Why stay here: Located between La Defense and the Champs-Elysees, this well-located hotel offers excellent views over Paris (from the city’s highest bar), a Regency Club and small but functional rooms.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits.

The Hyatt Regency Paris Etoile in France offers amazing views from its 34-story skyscraper, especially if you snag a room with Eiffel Tower views. Although it’s northwest of the Paris core between La Defense and the Champs-Elysees, it’s just a 20-minute walk to the Arc de Triomphe and a 20-minute journey by metro and foot to the Louvre.

Despite having 995 rooms and suites, finding standard room award availability at this hotel can be difficult. The rooms are small — even for Paris — but 237-square-foot rooms with Regency Club access start at 18,000 points per night. Standard 474-square-foot suites start at 21,000 points per night, and premium 753-square-foot suites start at 24,000 points per night. Award availability is often limited at this hotel, so you may need to book a paid rate to get the room type you want. If you want to ensure your group gets connecting rooms, consider booking a family room.

The Hyatt Regency Paris Etoile doesn’t have too many amenities. Still, it has a 24-hour fitness center and a Regency Club on the 34th floor (for Hyatt Globalist members and those in eligible rooms). You’ll likely want to eat outside the hotel for many of your meals, but you may want to visit the 34th-floor Windo Skybar for views, cocktails and tapas. If you do want to eat on-site, Mayo Restaurant offers daily breakfast and weekday lunch buffets, and the grab-and-go Mayo Market offers quick bites daily from 7 a.m. until 2 a.m.

Rates at the Hyatt Regency Paris Etoile start at 12,000 points or $253.85 per night.

Related: The best hotels in Paris

Park Hyatt Jakarta

Jakarta, Indonesia

HYATT

Best for: City views and that new-hotel vibe in the heart of Jakarta.

Why stay here: Spacious rooms with modern, yet dark, design and a friendly, professional staff make this one of the best luxury hotels in Jakarta.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits.

The Park Hyatt Jakarta in Indonesia opened in July 2022 with 220 rooms, including 36 suites. This Park Hyatt is a nine-minute walk from the Stasiun Gondangdia train station and within walking distance of various shopping malls and restaurants.

You can book 613-square-foot standard rooms with a king bed or two twin beds starting at 12,000 points per night. Meanwhile, you can book three standard suite types ranging from 936 to 1,367 square feet starting at 21,000 points per night. You can book premium suites starting at 24,000 points per night. The rooms and suites have Indonesian touches and excellent views, as the rooms start on the 25th floor.

While staying at the Park Hyatt Jakarta, you can enjoy the outdoor pool, a sun deck with city views and a 24-hour fitness center on the 35th floor. The hotel also offers a spa.

The Park Hyatt Jakarta offers several dining outlets. Dining Room serves Indonesian and Italian cuisine for breakfast, lunch and dinner on the 22nd floor, while Kita Restaurant offers Japanese cuisine for lunch and dinner on the 37th floor. On the 23rd floor, Conservatory offers several multiuse spaces where you can work, relax or socialize while enjoying European cafe-style comfort food and light meals.

If you’re looking for a drink or live music, check out The Bar on the 23rd floor or Kita Bar on the 36th floor.

Rates at the Park Hyatt Jakarta start at 12,000 points or $308.04 per night.

Related: The 23 best Hyatt hotels in the world

Hyatt Regency Tokyo

Shinjuku, Tokyo, Japan

HYATT

Best for: This old yet stunning hotel is well connected to Tokyo’s JR trains and metro.

Why stay here: Clean and spacious (albeit slightly dated) rooms and a Regency Club let you rest while the hotel’s location in the middle of Shinjuku lets you explore Tokyo.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits.

The Hyatt Regency Tokyo is an older property, but it’s in a solid location, just a five-minute walk from Tokyo’s Shinjuku station. This hotel offers 746 rooms, including 18 suites, across 17 room types. Although it doesn’t offer a pool or onsen, it does have a spa and fitness center with Technogym equipment.

If you want to redeem a Hyatt free night award, you can book a 301-square-foot standard room with one king bed or two twin beds starting at 12,000 points per night. Meanwhile, 376-square-foot Regency Club rooms start at 18,000 points per night, and standard suites start at 21,000 points per night. The Regency Club, available to Hyatt Globalist members and guests staying in club rooms and suites, offers views over Shinjuku Central Park for breakfast, tea service and evening cocktails.

You may want to eat outside the hotel for many meals while visiting Tokyo. If you prefer to eat on-site, the Hyatt Regency Tokyo offers Beijing and Shanghai cuisine for lunch and dinner at Jade Garden, Italian-inspired fares at Caffe and Japanese dishes at three different venues. You can also try fine wines and whiskeys at Eau de Vie or order room service if you want to dine in your room.

Rates at the Hyatt Regency Tokyo start at 12,000 points or $266.07 per night.

Related: The best ways to travel to Japan with points and miles

Hyatt Regency Hong Kong, Tsim Sha Tsui

Kowloon, Hong Kong

HYATT

Best for: A prime location in the heart of Hong Kong, just a short walk from the harbor and two metro stops.

Why stay here: Offering spacious (for Hong Kong) rooms and a Regency Club, this well-located property provides compelling city and harbor views from most rooms.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits.

The Hyatt Regency Hong Kong, Tsim Sha Tsui is in the heart of Kowloon next to the Tsim Sha Tsui station. It’s an easy walk from the Star Ferry and Avenue of Stars. Tourists will enjoy its excellent location, as many attractions are easily accessible by foot or public transit.

This Hyatt Regency has 381 guest rooms and suites, each offering views of Victoria Harbour or the city. The least expensive room type — and the one you can book starting at 12,000 points per night — is a 301-square-foot standard room with one king bed or two twin beds. You can also book club rooms starting at 18,000 points per night, standard suites starting at 21,000 points per night and premium suites starting at 24,000 points per night. If you’re looking to book a paid rate, it may be worth shelling out a little more to guarantee a corner room or a view of Victoria Harbour.

You’ll find an 82-foot outdoor heated swimming pool with views over the surrounding neighborhood at the Hyatt Regency Hong Kong, Tsim Sha Tsui. The outdoor pool deck includes a children’s pool, a whirlpool and lounge chairs. Plus, you’ll find a 24-hour fitness center with Technogym equipment on the 10th floor.

There’s plenty of excellent dining in Hong Kong, regardless of your budget. But, if you want to eat at the Hyatt Regency, you’ll find dim sum and barbecued pork at The Chinese Restaurant, an international buffet at Cafe, fine dining cooked tableside at Hugo’s and drinks with nightly live entertainment at Chin Chin Bar. Additionally, eligible guests can enjoy continental breakfast, all-day coffee and tea service, and evening canapes and cocktails at the Regency Club.

Rates at the Hyatt Regency Hong Kong, Tsim Sha Tsui start at 12,000 points or $219.44 per night.

Related: What is World of Hyatt elite status worth?

Andaz Bali

Sanur, Bali, Indonesia

HYATT

Best for: A relaxing holiday that feels authentically Balinese.

Why stay here: Built around mature landscaping in the style of a modern Balinese village, this beachfront resort lets guests relax with an attentive staff and a thoughtful design.

Best way to book: Book directly with Hyatt to earn or redeem World of Hyatt points and enjoy any elite benefits.

Andaz Bali is an attractive beach resort next to the Hyatt Regency Bali on the eastern coast of Bali, Indonesia. Guests love the resort’s landscaping, modern rooms and large pool.

There are 149 rooms, including 20 suites and 22 villas. The standard rooms are 710 square feet and include a living area, floor-to-ceiling windows, garden views and one king bed or two twin beds. But you can also reserve pool-view or ocean-view rooms and private pool villas if you book a paid rate.

There are various types of suites you can book with points or cash. Standard rooms start at 12,000 points per night, standard suites start at 21,000 points per night and premium suites start at 24,000 points per night.

The Andaz Bali is designed to feel like a modern interpretation of a Balinese village. The resort has three swimming pools: ocean-facing Liang for fun, secluded Santhi for relaxation and kid-friendly Alit for families. Andaz Bali also offers a spa with a 24-hour fitness center, sauna, steam room, yoga studio and hydrotherapy pools.

There are ample dining options at the Andaz Bali. The Fisherman’s Club offers light bites, meat and seafood for lunch, dinner and Sunday brunch. Wok Wok is open daily for breakfast, lunch and dinner with Indonesian comfort food. Blue Oven is open daily for dinner with Mediterranean favorites, while Fire Fox is open Thursday through Saturday in the evening for Asian steakhouse delights. Deli & Bakery is open daily from noon to 10 p.m. with drinks, cakes, desserts and homemade ice creams.

Rates at the Andaz Bali start at 12,000 points or $256.52 per night.

Related: 5 easy ways to maximize Hyatt award redemptions

Source: thepointsguy.com