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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.

when to refinance student loans

When to Refinance Student Loans

Refinancing only makes sense when it benefits you in some way. This may mean an extended loan term with more manageable monthly payments or a reduced interest rate to save money. If you’re eligible and your loans are eligible, it’s best to refinance your student loans whenever you can achieve your desired benefit. Read on to learn when…

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Woman running in an open field

How to Get Out of Paying Student Loans: Traditional Routes and Getting Creative

If you borrowed money to pay for college, you could be stuck paying off student debt for many years to come. Luckily, there are some standard—and some more creative—ways to stop making payments on your student loans legally and legitimately. Federal Programs to Get Out of Paying Student Loans You can’t completely escape student debt once it’s been…

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Sen. Bernie Sanders speaking on Student Loans

Bernie Sanders on Student Loans in 2019

Bernie Sanders has been a member of the U.S. Senate since 2007 and is the longest-serving independent senator in U.S. history. He represents the state of Vermont, where students graduate with an average of $30,651 in student loans each year. In 2016, he unsuccessfully ran for president on the Democratic ballot. In February 2019, Sanders announced that he…

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Need based financial aid

Everything You Need to Know About Need-Based Financial Aid

What is Need-Based Financial Aid? As opposed to other types of student aid, need-based aid is awarded solely based on your—or your family’s—financial situation. Need-based financial aid is distributed by the federal government, as well as through state governments and institutions like colleges. Your eligibility for need-based financial aid is determined using the Free Application for Federal Student…

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Family helping college kid move into his dorm

Expected Family Contribution (EFC): What it is and How it Affects You

Colleges needed a fair way to assess a students’ financial need and to determine what scholarships or loans they’re eligible for. Expected family contribution or EFC is the number used by colleges to figure this all out. Below, we’ll explain what EFC is, what it’s used for, how to calculate your estimated expected family contribution, and how to…

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A married couple reviewing their student loan debt

Marrying Someone with Student Loan Debt: Everything You Need to Know

Are you thinking about tying the knot with someone who has significant student loan debt? If so, it’s important to learn as much as you can about marrying someone with student loan debt before saying, “I do.” Student loan debt usually isn’t an insurmountable obstacle in a relationship (although it may be for some people). However, debt of…

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Buying a house with student loans

Buying a House with Student Loans: Everything You Need to Know

If you’ve postponed buying a house because of student loan debt, you’re far from alone. In 2018, a collective 45 million Americans owed over $1.5 trillion in student loans. At the same time, American mortgage debt continued to skyrocket. Many college graduates are wondering whether buying a house with student loan debt is a good idea, and whether…

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Bad Credit Student Loan Options

Federal Student Loans for Bad Credit When it comes to student loans for bad credit holders, federal student loans are your best bet. They feature non-competitive, low fixed interest rates. Any student who files their FAFSA, regardless of their economic means, can borrow federal student loans. Since Congress sets the rates each year based on the 10-year treasury,…

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student loan taxable income

Student Loan Tax Deduction: How to Report Your Student Loans

Your student loans may feel like one more obstacle to overcome when you’re working to file a complicated tax return. However, it’s important to be aware of the multiple ways in which a student loan tax deduction—or deductions—can earn you even more money back from the IRS this year. Read on to learn how to determine your student…

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fixed vs variable student loan interest rates

Fixed or Variable Rate Student Loan: How to Choose

For a lot of students, student loans are an inevitable part of going to college. So, if your FAFSA comes back and you realize that you need to take out loans, it’s on you to make smart decisions.  Loans either have a variable interest rate, which fluctuates throughout the loan term, or a fixed interest rate, which always…

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