Many students end up borrowing money to pay for their college education, and many rely on student loansâfederal, private, or both. During the 2019-20 academic year, 34% of students turned to student loans to help cover the costs they couldnât, according to the âHow America Pays for College 2020â survey published by the lender Sallie […]
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Direct Stafford Loans (or simply Stafford Loans or Direct Loans) are the most common federal student loans available for students seeking financial aid for college. While there are Stafford Loan limits, most students who fill out the Free Application for Student Aid (FAFSA®) can receive some amount of financial aid, whether those Stafford Loans are […]
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Learn more about wage garnishment, including when a creditor can garnish wages and how it may impact your employment status and credit score.
More than two out of three of recent college students took out loans to help cover the costs of furthering their educationâaveraging $29,900 per borrower, including private and federal debts. When it comes to paying back student loans, both the total amount borrowed (i.e., the principal) and the interest rates (i.e., the percentage charged on […]
The post The History of Federal Student Loan Interest Rates appeared first on SoFi.
Paying for college is a challenge, and rising tuition costs certainly donât help. According to College Board, the average cost of a four-year private college has increased by more than $3,000 over the last five years. Scholarships, grants and work-study … Continue reading →
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