Friday, 19 April 2024
Rebecca Safier Yasuo Namba via iStock Sallie Mae has a long history in the student loan world. Since the 1970s, this student loan giant has provided or serviced loans for college and graduate school students, as well as their parents. Although Sallie Mae used to be government-sponsored, it’s now a […]
Elyssa Kirkham Source: ARENA Creative The numbers don’t lie: As college costs have risen in recent decades, many students and their families have been forced to take out more student loans to keep up. Seeing the statistics behind college debt can help shine a light on how big the student […]
Rebecca Safier When faced with any big decision in life, it can help to write a list of the benefits and drawbacks for each option. This same strategy is useful if you’re considering the pros and cons of refinancing student loans. Refinancing can have some upsides, including saving you money […]
Andrew Pentis If you’re wondering whether you can consolidate student loans while in school, congratulations: By already asking great questions about your upcoming debt repayment, you’re at the top of your class. Unfortunately, you might be too fast for your own good. It’s difficult — albeit not impossible — to […]
Louis DeNicola iStock If you’re looking for relief from your student loans and see a claim that seems too good to be true, it probably is. Knowing that borrowers can find themselves in dire straights, scammers may advertise that you can get some or all of your loans forgiven due […]
Andrew Pentis Source: iStock More than 11% of America’s student loan payments are more than 90 days delinquent or, even worse, in default. But the Department of Education is hopeful its new student loan servicing system, slated to debut in 2019, will get federal loan borrowers back on track. The […]
Rebecca Safier iStock Keeping track of multiple student loans from several different loan servicers gets confusing fast. Fortunately, you can simplify student loan repayment through combining multiple student loans into a single payment. There are two ways to combine many loans into one: through federal student loan consolidation or via […]
Elyssa Kirkham Waking up to find student loans wiped out is a common fantasy for many borrowers. For a lucky few eligible for student loan forgiveness programs, this dream can become a reality. You might love the idea of getting free money to repay student debt — until you see […]
Rebecca Safier From health care to the economy, voters had many concerns in mind as they headed to the polls for this year’s midterm elections. But one major issue that might not have gotten as much attention in news coverage was the government’s handling of student loans, a subject which […]
MagnifyMoney The Federal Trade Commission and SoFi on Monday settled a complaint accusing the student loan refinancing company of misleading its customers in advertisements. The FTC, which doesn’t have the authority to fine SoFi, alleged that the company has been guilty of false advertising since at least April 2016, in […]
Tags: Cards, Saving money, Student Loans