Currently Browsing: Education Loans
If you’re a college student or recent graduate, then you’ve probably thought more about student loans and how to pay them off than you’d like. With so much information out there, it may be difficult to figure out your best course of action. For example, many graduates have asked us how student loan consolidation works. While consolidating student loans is not the right choice for everyone, it can be a real help to some. That’s why we decided to use this...
Full disclosure: Like many of our readers, I’m a student loan borrower. And even though I’m only a few years into my repayment for $23,000 of student loans – I’m already sick of it. Aside from student loan payments sucking up much of my extra income, seeing my monthly student loan bill is a constant reminder of just how much farther I have to go before I’m debt free. Seeing that far-distant debt free date is aggravating, so I think I speak for many when...
Student loans have become an increasingly controversial topic in the news, what with the high delinquency rate and the repayment hurdles set by loan servicers. But they still remain one of the most viable options for those who want to pursue higher education but lack the funds to do so. In many cases, taking out a student loan creates opportunity for those with lower incomes and allows them to benefit from higher education. But what if student loans...
Whether you’re a fresh grad or you’ve been in the workforce for a long time, student loans are a financial burden. And more and more people out there are facing student loan debt these days. Student loans now top an astonishing $1 trillion in the total amount owed, and that number is increasing every day. With so much at stake, it’s vital that you protect your finances from being negatively impacted by student loans. Since they are the one type of loan...
This guest post comes from our friends over at SoFi, an innovative marketplace that connects alumni borrowers and investors for refinancing private and federal student loans.[1] If you’ve borrowed student loans to invest in your education, you know that paying interest on those loans is simply part of the deal. But while “interest” can seem like an abstract notion when you first take out loans, over time it becomes a force to be reckoned with –...
When I first graduated from college, I loved to joke that I’d be in student loan debt forever. After all, graduating with tens of thousands of dollars in debt with a degree in comparative literature pretty much meant I was on a long road to my eventual payoff. Of course, my joke ended up making light of what has become a very real – and very scary – situation for today’s senior citizens. As much as I joked about being in retirement and in debt, there are...
In March last year, I proudly announced that I had paid off my student loans and requested a celebratory flyover by the Blue Angels. While the Blue Angels never came, it has been wonderful to spend nearly a year without paying a cent of student loan interest. Here is how I did it. How I Paid Off My Student Loans in Two Years… How I Got Into Student Debt in the First Place Undergrad When I was seven years old, I joined the local Cub Scout pack. After...
While I’m (obviously) not an attorney and while I don’t have a Juris Doctorate degree either I get to meet a lot (a ton) of lawyers because of job as a clerk for the state. Sometimes it feels like everyone I know is a lawyer. So often I hear about people graduating law school with $100,000 – $150,000 in student loans. Now that is an intense amount of debt, and it makes my $40,000 photo school education feel like a bargain. It’s all relative right. I get...
How Does Student Loan Consolidation Work?
Posted on Oct 3, 2016 in Education Loans | 1 comment
If you’re a college student or recent graduate, then you’ve probably thought more about student loans and how to pay them off than you’d like. With so much information out there, it may be difficult to figure out your best course of action. For example, many graduates have asked us how student loan consolidation works. While consolidating student loans is not the right choice for everyone, it can be a real help to some. That’s why we decided to use this...
How to Pay Off Student Loans (Faster)
Posted on Aug 24, 2016 in Education Loans | 1 comment
Full disclosure: Like many of our readers, I’m a student loan borrower. And even though I’m only a few years into my repayment for $23,000 of student loans – I’m already sick of it. Aside from student loan payments sucking up much of my extra income, seeing my monthly student loan bill is a constant reminder of just how much farther I have to go before I’m debt free. Seeing that far-distant debt free date is aggravating, so I think I speak for many when...
Some People Are Using Student Loans To Pay the Bills – And Putting Themselves At Risk
Posted on Jul 16, 2016 in Education Loans | 1 comment
Student loans have become an increasingly controversial topic in the news, what with the high delinquency rate and the repayment hurdles set by loan servicers. But they still remain one of the most viable options for those who want to pursue higher education but lack the funds to do so. In many cases, taking out a student loan creates opportunity for those with lower incomes and allows them to benefit from higher education. But what if student loans...
How to Prevent Student Loans from Hurting Your Finances
Posted on May 3, 2016 in Education Loans | 1 comment
Whether you’re a fresh grad or you’ve been in the workforce for a long time, student loans are a financial burden. And more and more people out there are facing student loan debt these days. Student loans now top an astonishing $1 trillion in the total amount owed, and that number is increasing every day. With so much at stake, it’s vital that you protect your finances from being negatively impacted by student loans. Since they are the one type of loan...
4 Student Loan Mistakes that Make Interest Rates Soar
Posted on Jan 14, 2016 in Education Loans | 1 comment
This guest post comes from our friends over at SoFi, an innovative marketplace that connects alumni borrowers and investors for refinancing private and federal student loans.[1] If you’ve borrowed student loans to invest in your education, you know that paying interest on those loans is simply part of the deal. But while “interest” can seem like an abstract notion when you first take out loans, over time it becomes a force to be reckoned with –...
$18 Billion in Student Loan Debt Threatening Livelihood of Senior Citizens
Posted on Jun 25, 2015 in Education Loans | 1 comment
When I first graduated from college, I loved to joke that I’d be in student loan debt forever. After all, graduating with tens of thousands of dollars in debt with a degree in comparative literature pretty much meant I was on a long road to my eventual payoff. Of course, my joke ended up making light of what has become a very real – and very scary – situation for today’s senior citizens. As much as I joked about being in retirement and in debt, there are...
How I Paid Off All My Student Loans in Just 2 Years
Posted on May 17, 2015 in Education Loans | 2 comments
In March last year, I proudly announced that I had paid off my student loans and requested a celebratory flyover by the Blue Angels. While the Blue Angels never came, it has been wonderful to spend nearly a year without paying a cent of student loan interest. Here is how I did it. How I Paid Off My Student Loans in Two Years… How I Got Into Student Debt in the First Place Undergrad When I was seven years old, I joined the local Cub Scout pack. After...
The Cost Of Education, A Worthy Investment?
Posted on Mar 27, 2015 in Education Loans | 1 comment
While I’m (obviously) not an attorney and while I don’t have a Juris Doctorate degree either I get to meet a lot (a ton) of lawyers because of job as a clerk for the state. Sometimes it feels like everyone I know is a lawyer. So often I hear about people graduating law school with $100,000 – $150,000 in student loans. Now that is an intense amount of debt, and it makes my $40,000 photo school education feel like a bargain. It’s all relative right. I get...
Ads
Follow us
