Blog

Should you refinance your PLUS Loans?

Aug 31, 2018 8:57:00 AM

Today's low interest rates provide opportunity for many PLUS loan borrowers to reduce their rate and save thousands on interest charges.

PLUS loans are one of many options available to parents who need to bridge the gap between the amount of financial aid received and the total cost of college. The PLUS loan often provides a path of little resistance, since there is only a basic credit check and no documentation required. But it doesn't offer the same low rates and wide array of benefits that you see on the Federal Direct Subsidized and Unsubsidized loan programs. Once you enter repayment, you may be wondering if you can do better. If that is you, it may be time to consider refinancing

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Topics: refinancing

Student Loan Refinancing FAQ

Jul 23, 2018 12:29:00 PM

We get tons of questions on a regular basis regarding student loan refinancing. If you have questions, we have answers! If you don't see your question below, feel free to write to us at customerservice@risla.com.

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Topics: refinancing

What to do if You're Denied on Your Refinancing Loan

Jun 27, 2018 4:38:00 PM

Refinancing can be a great way to save money and combine your student loans into one easy to manage monthly payment. Refinancing is typically a draw for those who are looking to reduce their interest rate, lower their monthly payments, or both! If a lender rejected your application, you might be feeling disheartened. Don't get yourself down just because one lender denied you; it doesn't mean there's nothing left for you to do. We've rounded up some tips to help you recover from your rejection and take control of your student debt.

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Topics: refinancing

Student Loan Repayment Strategies [Infographic]

Feb 20, 2018 11:59:00 AM

Paying off your student loan debt can be a daunting task. Are you stressed about how you're going to make your monthly payments in addition to other bills and responsibilities? Take a look at our student loan repayment strategies infographic and see what may work best for you and your budget. Keep in mind that not every strategy will apply to everyone, but each option is worth looking into!

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Topics: Student Loan Repayment, refinancing

Student Loan Refinancing: How to Pick Your Lender

Jan 31, 2018 11:55:00 AM

You've decided student loan refinancing is the right course of action for you. Maybe you are sick of your high interest rates, or juggling 4 bills a month from different lenders, or you want a lower monthly payment. Whatever the reason, you've done your research on what student loan refinancing is, understand the pros and cons, and have decided to take the leap.

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Topics: refinancing

Reducing your monthly expenses by refinancing: a good idea?

Jan 2, 2018 12:03:00 PM

In life, nothing is guaranteed. Oftentimes things change, and your student loan payments may just be one of those things. Recent increases to variable interest rates, after a very long period of staying static, have left many student loan borrowers in a state of shock. When rates increase, so do monthly payments on variable rate loans, and after sitting at historical lows for nearly a decade, market rates have been on the rise these past two years.

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Topics: Student Loan Repayment, refinancing

Money tips for College Graduates: Pay Yourself First

Dec 26, 2017 3:03:00 PM

As a new college grad, saving any money may seem like a far-off pipe-dream. We are here to tell you that saving is possible for just about anyone. Saving takes diligence - and sometimes means making sacrifices - but a little bit can go a long way in helping you reach your goals. 

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Topics: Financial Education for Students, refinancing

Refinancing vs. Consolidation: What's the Difference?

Oct 26, 2017 2:03:00 PM

If you have graduated from college and you have student loans, you are not alone. Studies show that about 70% of college grads have student debt in their name. If you fall into this majority, you are probably already counting down the days until you are student-debt free.

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Topics: refinancing

The Lowdown on Student Loan Refinancing [Infographic]

Aug 29, 2017 10:43:00 AM

If you are sick of juggling multiple student loan bills, think you are paying too much on interest, want to fix the rate on your variable rate student loans, or simply want to lower your monthly payments, refinancing your education loans may be well-worth exploring.  

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Topics: refinancing

How to ask for a raise and what to do with your extra cash

Jun 27, 2017 2:15:55 PM

First, a word of warning: the vast majority of employees believe that they deserve a raise. We all want more money!

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Topics: Financial Education for Students, refinancing