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Student Loans

Our blog is designed to provide information regarding some of the critical topics those with student loans must be aware of to be able to make educated decisions regarding their future.

Variable Student Loan Interest Rates – 4 Things to Watch Out For

Whether you’re borrowing a private student loan or refinancing your student loans, you have a choice to make. Do you go with a variable or a fixed interest rate loan? Variable student loan interest rates can change multiple times per year as the market changes. Many private student loan lenders set rates based on the London Interbank Offered…

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What are the 2021 Federal Student Loan Interest Rates?

Interest rates for federal student loans dropped to all-time lows for the 2020-2021 school year. Borrowing from the federal government to cover educational costs is now cheaper than ever before. Let’s take a look at the 2021 federal student loan interest rates, how interest rates for federal student loans work, and a few student loan interest rate FAQs.…

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A List of Federal Loan Servicers 2021-2022

You borrow federal student loans from the government, but the Department of Education doesn’t service those loans. Instead, that duty is contracted out to qualified financial companies and loan servicers. The loan servicers collect your payments and provide customer service. The Department of Education still oversees the federal student loan program, though. So, they’re responsible for handling contracts,…

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A blackboard with the words Financial Aid, Grants, Loans, and Work-Study

You Can Get Financial Aid as a Part-Time Student

7.7 million students were expected to attend a college or university part-time in fall 2020. Attending college part-time just makes sense for a lot of students, especially if you’re hoping to avoid student loans. Part-time students take fewer courses each semester, so their bill isn’t as high. Fortunately, as a part-time student, you might still qualify for federal…

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8 Things a Parent Should Ask Themselves Before Taking Out Parent PLUS Loans

College is expensive. For the 2019 to 2020 academic year, families reported paying an average of $30,017 on higher education expenses. Given the steep cost, it’s no wonder that parents need to borrow to help support their child’s educational endeavors. If that’s you, you’re probably thinking about borrowing a Parent Plus Loan—a loan product designed for parents that…

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Which is Better: Subsidized or Unsubsidized Student Loans?

You finally have your financial aid award letters…but wait! Why are there two types of federal student loans listed? Apparently, you’re eligible to receive subsidized student loans and unsubsidized student loans from the federal government through the Direct Loan program. If you’re wondering, should I borrow subsidized or unsubsidized student loans, the answer is this: prioritize subsidized, but…

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Can I Get Student Loans for Trade School?

Trade school—also referred to as a technical school, a vocational school, or a vocational college—prepares students for a specific occupation. Common trade school programs include nursing, dental hygiene, locksmithing, culinary arts, automotive technician training, cosmetologist, and information technology. Depending on the program, you can earn a trade certificate or an associate degree. If you’re headed to trade school,…

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6 Steps to Take Before Your Student Loan Grace Period Ends

A grace period is a time between when you leave school and when your first payment is due. During a grace period, some interest accrues, but you don’t yet owe payments. Federal student loans have a grace period of six months. With private loans, it varies. For example, Earnest gives borrowers a nine-month grace period. Regardless of how…

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Blocks of letters spelling "refinance".

Should I Refinance Student Loans During the Coronavirus Pandemic?

We’re living in uncertain times amidst the COVID-19 pandemic, so it’s good to be thorough as you evaluate what personal financial moves to make. If you’re a student loan borrower, you’ve probably wondered, should I refinance student loans during the coronavirus pandemic? The short answer is this: don’t refinance your federal student loans but try to refinance your…

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US Capitol Building

Will the Government Extend The Grace Period Because of Coronavirus?

If you have federal student loans, you’re probably wondering, will the government extend the grace period because of coronavirus? Although there isn’t an answer to that question yet, we’ll explore what we do know about extending coronavirus student loan relief measures below. And, at the end, we’ll walk you through some steps you can take if relief measures…

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