When the time comes to repay your federal student loans, the standard repayment plan might be the most economical choice. It is also the default repayment method for most loans. This program is available for several types of Direct and Federal Family Education Loan (FFEL) program loans, including: […]
After college, many people are forced to take lower-income jobs, often as a stepping-stone to a better-paying position. If this sounds familiar, the graduated repayment plan could make paying back your federal student loans a little less stressful. This program is available for several types of Direct and Federal Family Education Loan (FFEL) program loans, including: […]
Last week we looked into new ways to pay down student loans and we discovered this service, that radical yet fairly simple program which uses play to engage and inspire borrowers to save money and pay down debt. This week we're going a little bit farther out onto the new wave by looking at a partnership between an FDIC-member bank and a student loan information website. The two have pooled their resources and have created a debit card rewards program which enables borrowers to pay down their student loan debt each time they use their debit card. This article is a SmarterBank review. […]
Every year, millions of students struggle to find ways to pay for their post-secondary educations. If you don't have a cosigner for your student loans than getting student loans will be ever harder. There are many different ways to help finance their education, and loans are one of the many options as to how to pay for school. This article will show you what your options are to pay for college if you do not have a student loan co-signer. […]
Student Loan default occurs when the borrower has missed payments. The number of payments it takes to go into default will vary by lender. If your student loans are federal, default occurs after nine months of missed payments. However, with private loans default can occur after missing just one payment. Default can also occur if the borrower’s agreement is violated in any way. This includes starting bankruptcy procedures. As soon as a loan goes into default the entire balance is due at once. The consequences of default can be severe but hopefully this article will show you how to avoid it. […]