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Parent student loans allow parents to help their children pay for a college education. There are two types of parent loans to choose from―federal parent PLUS loans and private parent loans—and terms can vary greatly between them. Parent PLUS loans are offered by the Department of Education, may carry a lower interest rate than private […]
What Is a Parent PLUS Loan? Read More »
Entering adulthood means taking on the responsibility for many of your own financial decisions. As you reach your college years, financial maturity might include opening your own bank account, especially if you want to simplify receiving student loan money. While you can get a traditional checking account, a student checking account can grant you access
Should You Open a Student Checking Account? Read More »
Having access to federal financial aid can make it easier to afford a college education. But if you lose your eligibility for aid, you may be on your own. Fortunately, there may be options for regaining financial eligibility after its suspension. Here’s what you need to know. Possible Reasons for Financial Aid Suspension There are
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College students living in dorms or off-campus housing can find rental insurance by knowing how much coverage they need, determining a budget and comparing providers. Renters insurance provides coverage for damage to belongings and protection from liability. If you are a college student who does not have similar coverage from your parents’ homeowners or renters
How to Get College Renters Insurance Read More »
Inflation reached a 40-year high in June, and the light at the end of the tunnel remains out of view. The result is that many everyday goods and services, including back-to-school items like clothing and supplies, have gotten more expensive. While you may still need to buy these necessities, it’s possible to combat rising costs
How Inflation Impacts Your Back-to-School Costs Read More »
Financial aid can be an invaluable resource for college students, helping them pay for an otherwise unaffordable education. But there are limits on how much you can receive in financial aid each semester, and depending on your college costs and living expenses, you may need to take steps to adjust your lifestyle so you can
7 Ways to Maximize Your Financial Aid Read More »
Stories of college graduates struggling to deal with their student loans are enough to scare away any bright-eyed college hopeful. If you’re thinking about college or in school right now, there are plenty of steps you can take to help reduce the amount of student loan debt you’ll be saddled with after graduation. Reducing student loan debt while you’re still
How To Reduce Student Loan Debt While You’re in School Read More »
We all know the big story: College is great, but it’s expensive. Let’s start with the “great” part. Simply put, a college education means a big bump in income. A report by John Winters at the Fordham Institute concludes that the national mean earnings for a person with a bachelor’s degree is $92,608, compared to
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The maximum amount undergraduate students can borrow in federal student loans each year is $12,500. If you’re attending a private college, that will only cover about a third of your annual cost of attendance. If your savings and federal loans fall short, you’ll probably need to apply for private student loans to bridge the gap. Although
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The best law school loans of 2020 Best Member Perks: SoFi Best for Good Grade Rewards: Discover, Member FDIC Best for Longest Grace Period: Earnest Best for Multi-Year Approval: Citizens One Best for Bar Exam Studying: PNC Bank Most Repayment Term Options: College Ave The best law school lenders at a glance Lender Loan Amount
The Best Law School Student Loans Read More »
Political pressure is building to discuss our nation’s $1.6 trillion in student loan debt. In fact, last month more Google searches for “student loan debt” were made than ever before. 1.6 trillion is a difficult number to visualize or wrap your head around. We love playing with data and thought we’d take a unique perspective
The options available for student borrowers and for student loan consolidation can seem almost endless. There are public student loans and private student loans, and they come in an enormous variety of lengths, interest rate, and monthly payments — it seems like deciding which student loan is the best for you can seem like a
The Difference Between 10-Year vs. 20-Year Student Loans Read More »