Category: Student Loans

Student loans are not a one-size-fits-all deal. In fact, there are many types of loans; some may require cosigner, while others don’t even require a credit check. In this section, we’ll help you understand the nuances between federal and private student loans, as well as Parent Plus Loans.

Variable vs Fixed Rate Student Loans
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student loan interest ratesUnderstanding the basic concept of variable vs. fixed rate student loans if fairly simple.  A variable interest rate will change periodically over the term of the loan whereas a fixed rate will not.  The questions many borrowers face is, “which is better?”  Answering that question is more difficult than you might think–at first.  Let’s break down both, so you can make an informed decision about which type to choose for your student loans.

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There’s a New Bill to Help Student Loan Borrowers Avoid Late Fees
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When paying off your student loans, there’s one thing you don’t want; late fees.  Late fees can throw off your budget, delay future payments, and ultimately increase the buildup of interest, costing you more money in the long run. Luckily, there’s a new bill that will hopefully help borrowers avoid the accrual of late fees.

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