What is Student Loan Forbearance? Student loan forbearance is a short term way to pause or lower your monthly student loan payments. If you suffer from financial stress, a forbearance may offer 12 months or less of student loan relief. Due to the pandemic, students who took out federal student aid in loans may qualify. […]
Private student loans could help pay for college. They may pay all or some of the expenses such as tuition and books. You may compare college student loans to find the perfect one that could cover expenses and can be repaid. Learn about how to compare private student loans with this helpful guide. How Do […]
International students hoping to study full time in the United States may find several ways to do so. Many students need to pay for their college education out of their pocket. Sponsorship for international students could help cover the high costs of higher education. Many U.S. student loan programs and grants are typically available only […]
What Is the CARES Act? The CARES Act aims to help American workers and families. This law was put in place on March 27, 2020. It is officially called the Coronavirus Aid, Relief, and Economic Security Act. It was created as a way to help provide economic relief to people who need it as well […]
What is Compound Interest? Compound interest is interest earned on interest. Sound like a tongue twister? Compound interest is actually pretty simple, but it could have a powerful impact on your finances. Let’s see what student loan compound interest is all about! First, you need to know what simple interest is. This is when your […]
Young adults and even older teenagers may be asked to make life changing financial decisions, yet often lack the basic financial literacy to do so wisely. How could you chose how much to borrow for college when you don’t even have a job or know how to balance a checkbook? In 2017, the National Endowment […]
Student loan debt is the elephant in the room for many new graduates, a constant overshadowing pressure. While your student loans were invaluable to get you through school, now that you’re done with your training, they must be reckoned with. These student loan statistics from Sallie Mae show: In 2019, Sallie Mae reported 24% of Americans […]
Many students will earn an income or obtain monetary gifts during college. You may work part time or full time. Parents, relatives and friends could provide you with cash from birthday gifts, Christmas, or just because they love you. Opening a savings account could allow to save your money instead of spending it immediately. This […]
When getting ready for college, you may think about how to pay for tuition and books needed for classes. Yet another big factor on your mind is where you will live. You may not already live near your college campus. So you should consider on how to pay for on campus and off campus costs. Learn about […]
Many people may be talking about what college they may go to in the fall. Yet others could be considering whether a trade school will offer the perfect career training. If a trade school route is in consideration for you, there may be ways to find available financing if you qualify. Learn more about how to apply for student loans for […]
With recent pandemic fears, many college students are wondering whether it is the perfect time to attend college. These students are unsure about present and future job prospects along with rising student debt. Also, you may not presently have a job. So you are unsure if you may be eligible for student loans without a job. Learn more about how to […]
Student loan refinance is on a lot of people’s minds as of late. Your existing loan amounts, or interest rates may not be appealing right now. You may also have growing job worries with the pandemic impacting the economy. Let’s investigate why you should consider refinancing your student loans. Student loan refinance is on a […]
The number one question that students and families ask about attending college is how much does college cost? The cost of attendance or COA is like the sticker price for college. Every year the cost of attendance goes up but merit and need based scholarships and grants may cover part of COA. College expenses could be tuition, […]
The FAFSA is the Free Application for Federal Student Aid. It is the form you need to fill out to get financial aid from the US Department of Education. Every year, over 13 million students who file the FAFSA get more that $120 billion in aid. So, if you want to get a Pell Grant, […]
By understanding college costs, you can compare schools to find ones you can afford. And ones that are the most expensive colleges in the US even if you secure financial aid. The cost of attending (COA) college varies from one to the next. Each school sets its own tuition for example, and fees. Some colleges […]
If your goal is to become a lawyer, you may be wondering how to pay for law school. Luckily there are a few options that will help you with your investment of time and money. The cost of attending (COA) law school includes fixed expenses like tuition and fees. Then there are extras costs such […]
If you attend school out of state, you can attend colleges that offer in state tuition to out of state students. Students can also qualify for a reduced tuition without the need to move near their college campus. Paying in state tuition is one way to cut down the cost of college. According to the […]
If you have student loans and file for bankruptcy, it may discharge your loans. Discharged loans are canceled, or ‘wiped out’. According to Lendedu, 32% of consumers filing for Chapter 7 Bankruptcy also carry student loan debt. Of this group, student loan debt make up about 49% of their total debt. The point of filing […]
Easy scholarships are simple and quick to apply to. That’s why people sometimes call them “no-brainers”. You may have to write an essay, submit a short video or fill out a contact form. But the process takes very little time. And you might be able to enter a few times to boost your odds of winning. […]
At Least 12 Chances to Win with a Monthly Scholarship Monthly scholarships are contests that allow you to enter every month. Often, they pick winner(s) for each monthly deadline, rather than on an annual basis. There are two ways to win a monthly scholarship. One is through a random drawing. The other, when panel judges […]
This is an advertisement paid for by Ascent Student Loans If you already know that you’ll need to find a student loan without a cosigner to pay for college, fear not! There are plenty of options for you to consider, including a private student loan without a cosigner and federal student loans. Continue reading to […]
How to Spot Scams and Protect Yourself from Fraud If you’re figuring out how to finance college, online resources can help you find student loans and scholarships that may help you afford your education. But how do you know when you’ve encountered a student loan scam? While there are many legitimate online sources for college […]
No wonder so many college graduates want to refinance student loans. In 2011–12, 39% of students who earned a bachelor’s degree had borrowed over $24,300 of college debt. 17% borrowed more than $40,000 for school, and 3% owed over $70,000. Steep monthly payments, high interest rates, and a debt burden disproportionate to the borrower’s income […]
This is an advertisement paid for by ASCENT Student Loans As you research all of your options on how to pay for your college education, understanding the impact of fees associated with your student loan – and how to avoid them – is an important part of the process. After all, student loans are costly […]
Borrowing for college is a fact of life for many students. The most recent data on the average student loan debt burden shows that U.S. students owe over $1.49 trillion in outstanding college debt. The largest percentage of students (28.1%) borrowed between $10,000 and $25,000.ii So where do you fit into the picture? General […]