When youâre in college, you donât have a lot of control over the interest rates on your student loans. With federal loans, the U.S. Department of Education sets the rate each year for all borrowers. And if you get private student loans, a limited credit history can make it hard for young people to score […]
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Who doesnât love receiving a paycheck and knowing you can use it to pay bills or maybe even indulge in a little splurge or two? But when you see just how much you are taking home as net pay vs. gross pay, it can be a little deflating. Looking more closely at your paystub or […]
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If you can secure better terms for your student loan through refinancing, you can save money over the life of your loan. But does refinancing student loans hurt your credit score? While refinancing may cause a small temporary dip in your credit score, your credit score will likely improve in the long term if it […]
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Refinancing allows you to consolidate your existing student loans â you trade multiple loans for one student loan payment. When you refinance, you may be able to lower your monthly payments, reduce your interest rate, shorten your repayment terms, save money, and even add or remove a cosigner. It’s a good idea to ask yourself, […]
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In housing markets teeming with buyer demand, itâs not uncommon to put an offer on a home only to be outdone by a competing offer. If two or more potential buyers want a property badly enough, they may find themselves locked in a bidding war. The tea leaves indicate that 2023 will throw cold water […]
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Paying for college is one of the biggest expenses a parent plans for, and it can seem overwhelming. At times, you might find yourself saving up for your kidâs future education while also trying to save for your own retirement, fund a house down payment, and pay off your own debt. With the average annual […]
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A car loan, a mortgage, student loans, credit cards. It might feel like a dark debt cloud is looming over you sometimes. If you carry some debt on your personal balance sheet, youâre not alone. The Federal Reserveâs most recent report shows that total household debt in the U.S. has reached more than $15.84 trillion. […]
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Conventional financial wisdom says buying in bulk is smart. When you buy en masse, the price per unit tends to drop. So the thinking goes, if you buy more, the less each unit winds up costing you. Seems simple enough, but like anything financial, thereâs a bit more to the story. Itâs worth doing a […]
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Refinancing student loans â when a private lender pays off your existing loans and issues you a new loan with new terms â can lower the interest rate youâre currently paying or reduce your monthly payments. There are pros and cons of refinancing student loans. While it may save you money, you can lose access […]
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With college tuition on the rise, students may take out student loans as they pursue their education. Student loans come with interest and sometimes other loan fees. As you repay student loans, that interest can add up. While there are options like scholarships, grants, and work-study, sometimes student loans can be necessary to help students […]
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