Cosign a Student Loan: Pros and Cons
Federal student loans may be a cost-effective option for financing college. Students can however quickly exceed the aggregate and annual borrowing limits. Here we present some information about cosign a student loan. The College Board reported that attendance at in-state public four-year schools costs $26,590 compared to $53,980 at private universities. The fact that undergraduate first-year […]
Should I pay off my student loans or invest?
Are you among the many students who are struggling to pay off their student loans? Are you able to repay most of your student loans now that you have enough cash? Do you wonder which investment is better? This common investment conundrum can be solved. Basics Student Loan You may have student loan debt if you are like […]
Can you pay off student loans or save for retirement? What You Can Do to Both
As a Millennial, there are many financial decisions to make as you progress in your career. Is it worth living in expensive cities like New York and San Francisco or can you find work in less-expensive suburbs? Is it possible to afford a low-paying hobby job or work for a better salary until you are financially secure? The […]
Can You Use Credit Card to Pay Off Student Loan?
There are many attractive credit cards that offer attractive benefits, such as 2% cashback or bonus mileage for select purchases. To cardholders, these attractive offers make it a good idea to use your credit card to pay off your student loan repayment plan to reduce your student loan balance and to earn credit card rewards. It’s […]
Do you want to take out a Parent PLUS loan or cosign a private loan?
After discussing the cost of college and who will pay, you can start to plan how to finance it. In this article, we will discuss a parent plus loan and private loan. Your student may need additional money to pay for school, beyond the federal loans they have. You might be willing to lend a […]
President Biden’s Student Loan Forgiveness Plan: All You Need To Know
After mortgages and credit cards, student loans are the second-largest household debt. Student loan debt is the second-largest household debt after mortgages and credit card debt. What does Biden’s promise to forgive student loans look like? The Biden administration has made modest reforms to the Department of Education since his election and campaign. This article […]
Are Joe Biden Recent Rounds Of Student Loan Forgiveness Working?
Biden student loan forgiveness is the cancellation of a loan as part of some federal forgiveness program. Once approved, such plans eliminate any remaining loan payments hence ridding the student of debt. The most common is for those belonging to a particular profession such as teaching or army. However, these programs are only for federal […]
What Happens When You Default on Your Student Loan?
Understanding Delinquency and Default You do not default on your loan right away. It has different stages. When you miss the first payment on your loan, your loan is considered to be delinquent or a student loan default. The loan service provider may start charging you fees from this point on. But they do not […]
Corinthian Colleges in Hot Water over Predatory Lending Allegations
Corinthian Colleges Predatory Lending Under the Obama Administration, the Department of Education has been very hard on for-profit colleges. The tough new regulations have Corinthian Colleges in hot water over predatory lending allegations. Corinthian Colleges is now saying its goodbyes and is going to attempt to sell 85 of its campuses and close a dozen […]
Sallie Mae Cheated Soldiers and Other Borrowers on Student Loans
Sallie Mae Cheated Soldiers on Student Loans Sallie Mae and its loan servicing unit have made a deal with federal authorities to resolve accusations that the nation’s top student loan company cheated active-duty soldiers on student loans, as well as other borrowers that were being charged late fees. The two companies have more than doubled […]