Family

Why You Need To Apply For A Parent PLUS Loan Every Year

To help their children earn their college degrees, more and more parents are taking out loans to cover their child’s education costs. In fact, a recent Sallie Mae study found that 21% of families with college students relied on parent student loans to pay for school. Federal parent PLUS loans are a popular option because […]

Student Loan Prequalification: What It Is And How To Get It

If you’ve been shopping around for private student loans, you might have been prompted to prequalify with lenders you’re interested in. That’s generally good advice to follow, but it’s important to understand why. Here’s how student loan prequalification works and how it can help you score the best possible deal on your education debt. What […]

Best International Student Loan Refinancing Lenders

International students—those who attend college in the U.S. but don’t hold U.S. citizenship—may be able to refinance their student loans if they’re eager for a lower interest rate. The process can be restrictive, since many lenders require U.S. citizenship, strong U.S. credit history or a U.S. citizen co-signer to qualify. There are lenders that specifically […]

Best Banks For Refinancing Student Loans

If you have high-interest student loans, student loan refinancing can be an excellent way to lower your rates, reduce your payments and save money. Student loan refinancing is offered by a few types of lenders, including banks, credit unions and online lenders. There are some advantages to refinancing your education debt with a bank rather […]

FedLoan To Transfer Student Loans In 2022: What To Expect

If your federal student loans are administered by FedLoan Servicing, a big change is coming your way. FedLoan Servicing has ended its contract with the U.S. Department of Education, and all current FedLoan borrowers will be transferred to new student loan servicers by the end of 2022.

Should You Refinance Your Private Student Loan?

Deciding if you should refinance your private student loans is a complex decision that requires time and thought. Review some of the most common reasons to refinance your student loans—and when to avoid it.

What Is Student Loan Refinancing?

If you want to save money on your student loan repayment, you may have been advised to refinance. Depending on your financial circumstances, that may indeed be the best way forward. But how exactly does refinancing save you money, and what should you consider before submitting an application? Here’s what to know about this strategy […]

Do You Need A Co-Signer For Student Loans?

More than half of students borrow money to pay for their undergraduate degree, and many of them face a common problem: As young adults, they haven’t had the time or means to build up a credit history or stable income. Without those things, student borrowers often have trouble qualifying for private student loans without a […]

Student Loan Forgiveness In Florida

Almost half of the college graduates in Florida have student loan debt, according to The Institute for College Access & Success (TICAS). On average, students in the state are leaving school with more than $24,000 in student debt as of the 2019-20 school year. While student loan debt in Florida is the eighth-lowest in the […]

Biden Admin To Cancel $5.8 Billion In Student Debt For Corinthian Colleges Students

On Wednesday, the U.S. Department of Education announced that it will discharge the remaining federal student debt of all Corinthian Colleges students. An estimated 560,000 borrowers will receive $5.8 billion in student loan cancellation. Any federal loans borrowed to attend any Corinthian campus are eligible for discharge. Eligible borrowers will be notified in the coming […]

Complete Guide To Submitting The PSLF Employment Certification Form

Borrowers who are thinking about pursuing Public Service Loan Forgiveness (PSLF), or are currently in progress toward it, have likely heard a lot about the PSLF employment certification form. Submitting the PSLF form for employment certification isn’t technically required. However, doing so can help you organize your employment history so you’re fully prepared to apply […]

Student Loan Forgiveness In California

Student loan borrowers living in California have access to multiple loan forgiveness opportunities in the state. Depending on your profession, employer and willingness to serve in specific areas within the state, there might be a California student loan forgiveness program for you. Learn how student loan forgiveness in California works and the many state programs […]

How To Refinance A Parent PLUS Loan

Federal parent PLUS loans are available to parents of dependent undergraduate students. While parent PLUS borrowing has decreased by 20% in the past 10 years, according to the College Board, it’s grown substantially since 1990, which reflects soaring college prices over that time period. Parents who find themselves burdened by PLUS loans—or who simply want […]

What to Do When a Parent Is Denied a PLUS Loan

A parent PLUS loan is a type of federal student loan available to parents who want to help their child pay for college. With a PLUS loan, you can borrow up to the cost of attendance of your child’s school. However, unlike other kinds of federal loans, PLUS loans require a credit check—which means you […]

Stressed About Restarting Student Loan Payments? 5 Moves to Make

For more than two years, most federal student loan borrowers have experienced a hiatus from student loan payments, a pause in debt-collection activities and interest rates set at 0%. Last month, the Biden administration extended these benefits to Aug. 31, 2022. In addition, borrowers who were previously in default will be given a fresh start, […]