Blog - Page 50 of 54 - Student Loans

5 Repayment Options To Consider

By admin|2012-11-07T01:09:50-05:00November 15th, 2012|Consolidation|

Besides the total amount of your student loans, you’ll want to know what you can expect in terms of a repayment plan. This is one of the most important pieces of homework you should do when you decide to take out any educational loan. You might be tempted to push off thinking about repayment options – after all, they seem so far away in time – but the reality is, graduation day will arrive faster than you think, or you might be paying off some of the loan during school. […]

The Benefit Of Moving Home After College To Save Money and Pay Off Debt

By Tracy|2012-11-12T23:11:28-05:00November 14th, 2012|Pay Off Student Loans|

Since the housing-bubble burst in 2007, many graduates have discovered the benefit of moving home after college to save money and pay off debt. The amount of money saved can vary greatly from case to case depending on the borrower's family situation but generally, moving back home offers a sure-fire way to keep recent graduates' living costs at a minimum while paying down student loans. […]

Are You Eligible for an FSEOG Grant

By admin|2012-11-07T01:05:44-05:00November 13th, 2012|Types of Loans|

Like other types of financial aid programs, the only people eligible for a FSEOG Grant are families that demonstrate strict financial need. Anyone who proves that they can afford college tuition is ineligible for the FSEOG and Pell Grants. Financial need takes into account a family's income, size, assets, as well as the cost of tuition. If the cost of tuition is well above the Expected Family Contribution, a FSEOG Grant will be awarded. […]

Who Needs Student Loans?

By admin|2012-11-07T01:04:38-05:00November 8th, 2012|Applying for Loans|

Who needs student loans? Conventional wisdom says anybody who needs money for school! Simple question, simple answer. But there are slightly different scenarios for needing the money from a student loan program to pay for school. Generally speaking, people who need a student loan are those who want to make an investment in themselves and their future, and have decided that it’s worth going into debt in order to have some financial payback and security farther down the road in his or her life. […]

Student Loan ROI Calculator

By admin|2013-02-27T09:46:38-05:00November 6th, 2012|Applying for Loans|

This simple student loan ROI calculator is a tool for people looking to understand if going to school is the right financial decision. The calculation is pretty straightforward and shows the net present value (value of all future earnings in today's dollars) comparing if you go to school or not. […]

Can Student Debt Consolidation Actually Help?

By admin|2012-10-29T23:11:01-05:00November 2nd, 2012|Consolidation|

A debt consolidation loan can be a useful way to combine your debts and save money if you are paying off high-interest rate debt. By consolidating your debts into a loan with a lower interest rate, you can get great financial benefits. Done right, taking out a student debt consolidation loan can be a smart move. It can help you move your way out of debt. In addition, if you use a home equity loan or line of credit, the interest on a debt consolidation loan is usually tax deductible. (Be sure to check with your tax advisor.) Instead of having several credit card balances, you can combine them into one payment. Be careful, though. If you do take out a student debt consolidation loan, and then continue to run up credit card debt, you will be even worse off than you were before. […]

Bad Credit Student Loan Consolidation

By admin|2015-01-22T22:32:12-05:00November 1st, 2012|Consolidation|

When it comes to bad credit student loan consolidation, federal loan programs are, in most cases, the best way to go. Legitimate private lenders across the board, such as banks, require good credit from their borrowers in order to ensure competitive interest rates, and most private lenders will not even consider those borrowers who have a bad or no credit history. Unlike these private lenders, the government does not seek to turn a profit from their student loan consolidations and there are several federal loan consolidation programs that do not require credit history checks. […]

Average Student Loan Debt 2012

By admin|2012-10-30T21:55:40-05:00November 1st, 2012|Applying for Loans|

According to a report released by the Institute for College Access and Success on Thursday, October 18th, 2012, Average Student Loan Debt 2012 (students graduating in 2011) topped $26,000. This number is about $1,000 more than the average student loan debt calculated for 2010, and represents an increase of 5 percent. This increase percentage has been the norm in recent years due to the U.S. Economy fallout since around 2008. […]

Myths about paying down your student loan fast

By admin|2012-10-30T19:12:21-05:00November 1st, 2012|Pay Off Student Loans|

Right now there are several myths about paying down your student loan fast. Recently an article was published about a young graduate from Harvard Business School, Joe Mihalic, who payed off his $90,000 in student loan debt in the relatively short time of 7 months. Of course, many people were immediately interested to hear how he did it: After all, we've got more than 37 million people in the United States who are currently buried under an average undergraduate student loan debt of $25,000, and for those who are struggling with graduate school debt that number jumps up to more than $40,000. Not exactly the ideal situation when one is just beginning a new life, when one is just starting to earn money. […]

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