Yes, refinancing student loans can save you money. “Can” being the operative word. Several factors can make refinancing great for some folks and not the best solution for others. Refinancing student loans can accomplish different goals for different people and in some cases more than one goal can be achieved depending on the individual circumstances. We have outlined three common goals our customers have conveyed.
Jan 10, 2020 1:15:00 PM
Aug 26, 2019 12:33:51 PM
Student loan refinancing is a hot topic in the news these days. Legislators are making proposals to bring refinancing in at the Department of Education, and a day doesn't go by without some big headline about soaring student debt levels. But is refinancing a good idea for everyone? That is a definitive no.
So when does it make sense to do? Here are 5 reasons you may want to consider refinancing your student loans.
Jan 16, 2019 10:37:00 AM
The Rhode Island Student Loan Authority (RISLA) announced today that it has suspended repayment of college loans for federal employees currently not being paid, including military personnel, throughout the duration of the government shutdown.
Topics: Student Loan Repayment
Nov 5, 2018 1:50:00 PM
It happens to all of us who borrowed for college: notifications from lenders that your student loan payments will soon be due. It's time to craft a plan of attack.
Sep 24, 2018 12:05:00 PM
If you are a cash-strapped graduate or parent, you can see the obvious temptation of getting on an income-driven repayment plan. There are certainly benefits to taking this strategy, but also some reasons why you should think twice. Below, we have outlined the biggest pros and cons of signing up for an income-driven repayment plan on your student loans.
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!
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.
Sep 6, 2017 2:26:30 PM
If you are a resident of Texas or Louisiana, we recognize you and your family may have been seriously affected by Hurricane Harvey. During this difficult time, we want to do our part to help make life a little bit easier.
Topics: Student Loan Repayment
May 2, 2017 11:21:00 AM
The US student loan "crisis" is the result of soaring tuition, increased demand for professionals, and the collective borrowing by more than 70% of the country’s college students. With debt averaging about $35,000 for undergraduate students, repayment strategy is key. The good news is, most students are able to manage their student loans, even if they aren't happy to have them! Here are the best ways to conquer your student loan debt.
Feb 2, 2017 6:55:00 AM
It’s all well and good to talk about ideal scenarios when it comes to paying off your student loans. You’ll graduate, you’ll start repayment on a plan that works perfectly with your income and budget, and you’ll chip away at your debt consistently and aggressively until your loans are paid off or forgiven.