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Student Loan Grace Periods are NOT Going Away

Student Loan Grace Periods are NOT Going Away You may have recently heard a bit of false news: that there will be no more grace periods on student loans. Despite the fact that the Chicago Tribune ran a headline to that effect on Thursday of last week, it’s actually not true. The truth is that that interest will now begin accumulating on student loans sooner, but the “grace period” that postpones any required payments until 6 months after graduation has not been eliminated. The inaccurate story began...

5 Ways to Prioritize Your Student Loan Payments

5 Ways to Prioritize Your Student Loan Payments when people are moving to the more “balanced” stage of their lives, their 30s, loan repayments still aren’t always top of mind. When you have a robust social life, savings goals, vacation plans, rent payments and a bad Seamless or Uber habit, it’s easy to forget that student loan payments should remain a financial priority. As someone who has learned the hard way but managed to turn it around, below are five tips to help you stay...

Paying Off Student Loan Debt: It’s Time to Make a Plan

Paying Off Student Loan Debt: It’s Time to Make a Plan If you’re struggling to pay back student loans, you’re in good company. Americans owe a total of almost $1.129 trillion in student loans. Those figures can be pretty intimidating for recent graduates, especially those who haven’t yet found a job. So how can you pay off loans quickly and on time, avoiding the dark waters of default? Here are some tips. 1. Get organized It’s important to know to whom you owe what, and to chart a course for paying it off....

Does Student Loan Debt Hurt Your Credit Score?

Does Student Loan Debt Hurt Your Credit Score? Dominique Brown is the author of YourFinancesSimplified and InsiderRealEstateTips. He writes about “whatever he pleases” and today he wanted to write about credit and student loans. First: A Definition of “Credit Score” As you probably know, your credit score is the result of a complicated calculation. To get your credit score, the credit bureaus inspect five different areas of your financial situation including: HISTORY: Do you pay your bills on time,...

9 Actions that Can Help You Pay Off Student Loans Faster

9 Actions that Can Help You Pay Off Student Loans Faster Student loans have a tendency to follow people around for a long time. In fact, new studies show that people are now retiring… and hauling their student loan payments along with their golf clubs and cruise tickets. While new measures have been put in place to forgive people of their student loan debt after a certain number of years, the fact is, you don’t want to hold onto the loans that helped you pay for college. You’re better off using that money for...

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