When applying for financial aid for undergraduate, graduate or professional degree programs, you’ll likely hear a lot about scholarships touted as being renewable for a year or two at a time. While scholarships and other forms of non-loan financial aid do have the ability in some cases to renew, student loans generally do not. At least, not in the conventional understanding of the term “automatically renew.” […]
Just landed that marquee job post-graduation and have a boat load of cash lying around? Consider yourself lucky in a time where McDonalds wants you to have a college degree to work the register. If you are one of those lucky ones, you have a few very important questions to ask yourself which is “should I pay of my student loans or invest?” This topic is widely debated and some have argued for one or another. There are a plethora of different considerations that must be made before determining the answer to this question. Let’s get started. […]
There is no doubt that the expense of sending a child to college is increasing every year. Although there are a variety of student loans and grants available, they often do not cover the entire cost of a college education. In addition, such methods of financing a child’s education often leave a struggling college graduate with large amounts of debt. At GradSave, parents have another option for helping their children pay for the expense of college without having to rely on student loans. […]
Loan consolidation companies are always eager to rope in students with new loans and help them pay off their tuition and cost of living associated with college. Consolidating loans sounds easy enough: combine all loans and credit card debt into one easy monthly payment, but those who don't do their research can end up paying more money than they should be. Here are seven easy steps to find the consolidation loan plan that is right for you and avoid the problems that are associated with loan consolidation. […]
In this day and age, we're used to one-stop shopping for practically all of our needs. Sometimes even the Internet lets us skip any paperwork altogether and apply for any loans we might need in one fell swoop. So you might be asking yourself, can I fill out one application for all of my student loans? There's so much information an applicant needs to provide — it would indeed be so much easier to fill out just one packet or online form. […]
It is becoming more commonplace for students to have multiple loans in order to afford the high costs associated with college. However, there are options to help reduce the costs associated with loans and interest rates, and one of these is consolidation. Consolidation is the combining of loans together and paying a lender one fee each month to cover the costs of the other loans. This can make it much simpler for students who are struggling with paying off their student loans. […]
Are You Seriously In Debt? If you are having trouble paying your bills or are worried that your student may soon be facing foreclosure, rest assured that you are not alone. Debt management is within your reach, and repairing your credit score is a definite possibility. Most American consumers have faced a financial crisis in their lives. Whether your financial difficulties have been caused by a job loss, overwhelming medical bills or by everyday overspending, you can turn your debt around and, once again, face the future with a rosier outlook. It won’t be easy; it won’t be quick. But it can be done. And you can do it. […]
There is always the difficult choice for an undergraduate or graduate as to whether he should take out a federal loan or a private loan. Each has its own benefits and drawbacks, depending on which lending company he is going with. For example, federal loans can be tax deductible, while private loans are not. Another is that federal loans can be forgiven in all or in part if the student is performing certain kinds of service, such as military service or practicing medicine in certain kinds of communities. […]