private student loans
What Is Student Loan Forbearance?
If youâre facing a financial squeeze, you could catch a temporary break on repaying a student loan but end up owing more. Thatâs forbearance. Interest accrues on nearly all federal student loans in forbearance and on all private student loans, if the lender has such a program. After the payment pause, the interest is typically […]
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Is a Post-Grad Certificate Program Worth It?
As youâre navigating the job market and reading up on expected qualifications, you may be at a crossroads, wondering whether a masterâs would be beneficial in increasing your salary potential. If youâre a job-seeker, you may wonder if a master’s could make you more competitive in the job market. But there is another option that […]
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12 Steps to Filling out the FAFSA Form 2021-2022
For many people, one of the first steps to applying for college is filling out the Free Application for Federal Student Aid, or FAFSA®. This form helps the government determine your eligibility for federal student aid, including subsidized and unsubsidized student loans, as well as grants and work-study opportunities. Completing The 2021-2022 FAFSA Application The […]
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Average Student Loan Debt by State in 2021
Student loan debt nationwide increased by 8.28% in 2020, the largest increase since 2013, according to the latest report from EducationData.org. That spike was most likely fueled by rising unemployment and 3.2 million new federal student loan borrowers. Student loan debt is now the second highest consumer debt category in the country behind only housing […]
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Using In-School Deferment as a Student
Undergraduate and graduate students in school at least half-time can put off making federal student loan payments, and possibly private student loan payments, with in-school deferment. The catch? Interest usually accrues. Loans are a fact of life for many students. In fact, a majority of them â about 70% â graduate with student loan debt. […]
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Using Income Share Agreements to Pay for School
Many students end up taking out loans to finance the cost of college. As of the first quarter of 2021, Americans collectively held $1.57 trillion in student debt, up $29 billion from the previous quarter. And a significant share of borrowers were struggling with their debt burdens: Just under 6% of total student debt was […]
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How to Get a Student Loan
Generally, students interested in borrowing a federal student loan can apply, via the Free Application for Federal Student Aid (FAFSA®), as early as the October before the school year. The federal deadline for filling out the FAFSA is typically June of the following year, though states and individual colleges may have their own deadlines. Private […]
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What Is a Federal Direct Subsidized Loan?
Federal Direct Subsidized Loans are available to students who demonstrate financial need. The federal government subsidizes this type of loan by paying the interest that accrues while the student is enrolled at least half-time and during qualifying periods of deferment, such as the grace period. Itâs one of three federal student loans available to student […]
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How to Talk to Your Children About Student Loans: 6 Key Points
Many parents lecture â er, talk to â their teenagers about being responsible. Donât text and drive. Do try to spend that summer job money wisely. As children approach college, talking about student loans might be a smart idea. For one, the topic is pretty complicated. And second, even if you plan to help repay […]
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