Blog

Will college loan rates increase?

Jan 12, 2017 2:37:37 PM

Well, it’s been a crazy couple of months. The wildest election season in recent history and now, the thing that weighs on the minds of all Americans, and particularly those with major financial commitments to look forward to: what’s next?

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Topics: Student Loan Repayment, refinancing

Strategies to Pay Down your Student Debt Faster

Jan 5, 2017 9:09:45 AM

For most college grads, student debt is a fact of life. It’s a monthly expense to be worked into your budget and you’ll quickly adapt, as everyone does, to the payment schedule. But hold on a second – just paying the bill isn’t all there is to paying down your student debt. You need to make sure you’re taking a smart, measured approach to your debt – one that will give you the best odds for paying it down quickly, without negatively impacting your finances in other ways. Here’s what you need to know.

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Topics: Student Loan Repayment, refinancing

Getting a grip on your student debt

Jan 2, 2017 8:30:00 PM

Take a deep breath. Repaying your student loans is as time honored a tradition as college itself. Each part of the education financing machine is well-oiled and inspected, and you’re in for a pleasant surprise here – there are options to help you succeed in your repayment, alternative routes to help you manage your debt responsibly, and genuine benefits lurking around in the corners. Let’s shine a light on some of them, and talk about best practices for managing this new responsibility.

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Topics: Financial Education for Students, Student Loan Repayment, refinancing

Financial Goal Setting for Millenials

Jan 7, 2016 1:11:59 PM

You graduated from college last year. Your expectations were big and your dreams even bigger. You had visions of yourself driving a sports car, eating dinners out at fancy restaurants, and finally being able to relax now that you have a real job and a salary to go with it. 

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Topics: Student Loan Repayment

9 Ways to Pay Off Your Student Loans Faster

Nov 30, 2015 3:00:00 PM

If you want to be student debt free, you are not alone. Take a quick look through social media, and you'll find hundreds of students talking about their student loan payments. Despite what you often see in the news, however, payments are manageable for most students. But if you want your student debt to go away completely (and fast!), it is going to take a little bit of sacrifice and a lot of diligence.

Follow these 9 tips to help yourself pay off your student loans faster.

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Topics: Financial Education for Students, Student Loan Repayment

Borrowing for college: Federal PLUS Loan Profile

Apr 16, 2015 8:30:00 AM

When it's time to borrow money for your child's college education, the loan jargon can easily throw you for a loop. With so many different types of loans out there, it can be hard to decipher what will work best for you. The key is to arm yourself with knowledge about the ins and outs of each different type of loan before borrowing for college. Here is an inside look at the Federal PLUS Loan, a loan for parents of undergraduate students.

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Topics: College Financial Aid, Borrowing for College, Student Loan Repayment

How to build good credit

Mar 9, 2015 3:24:00 PM

Getting an education is an essential tool which will benefit you in the future. Having good credit is just as important to help ensure your stability and help you successfully do things such as rent an apartment, buy or lease a car, and even get a good job. It is often said, a good name is priceless in life and so too is a solid credit history. Maintaining good credit will afford you many opportunities that would otherwise be impossible. It can show stability, consistency, responsibility and maturity – all of which are positive traits that can help you succeed in life. Do your long term goals include owning your own home? Would you like to land the job of your dreams? Here are a few tips on how to build good credit to live a more fulfilling life.  

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Topics: Financial Education for Students, Student Loan Repayment

Ways to stay on top of student loan payments

Dec 17, 2014 9:28:44 AM

Once you have achieved your goals of graduating college and pursuing a fulfilling career, the last thing you want to deal with is the stress of poorly managed student loan debt. 

Your personal expenses alone can seem daunting. When you add a student loan payment that you haven't thoroughly accounted for, you may be headed for financial disaster. Managing your student loan debt is not an insurmountable task. Avoiding to deal with your student loan debt will not fix the problem. Face the problem head on. Here are some options to help you stay on top of student loan payments so that you can enjoy life in your new career.  

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Topics: Student Loan Repayment

Repayment flexibility on student loans

Nov 14, 2014 11:00:00 AM

Loans with the Most Repayment Flexibility

If you went to college and have student loans, chances are you have a Federal Direct Unsubsidized and Subsidized (Stafford) Loan, as these are usually a student's best choice when they need to borrow for college. These loans offer a great array of benefits, from low interest rates and fees to extended, income-based, Pay asYou Earn and other repayment options. 

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Topics: Borrowing for College, Student Loan Repayment

Should I consider private student loan consolidation?

Nov 11, 2014 7:30:00 AM

If you have private student loans, you may be considering refinancing those loans. Up until a few years ago, this was barely an option but recently programs have been cropping up to help students and parents restructure their education debt. This year, Rhode Island Student Loan Authority launched a refinancing program that allows students and parents to refinance private student loans, state-based student loans, and federal PLUS loans into a single fixed rate loan. 

So what should you be considering when deciding if private stuent loan consolidation is right for your personal situation? 

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Topics: Student Loan Repayment