Student loan consolidation combines multiple federal student loans into a single, new federal loan. This can simplify your payments, lower your monthly bill and lengthen your repayment term. The easiest way to consolidate your student loans onstudentaid.gov. Alternatively, you can trade in multiple ...
For federal student loans, the top of a student loan bill will have the name of your student loan servicer and the name of your federal student loan program. For private student loan bills, you’ll see the name of your private lender on the bill ...
When it comes to managing your student loans, one essential step is determining whether your loans are private or federal. Understanding the difference between these two types of loans is crucial, as it can impact your repayment options, interest rates, and overall financial strategy. Private stude...
The application process for federal student loans is separate from the private student loans application process, and the lending terms tend to differ between the two. You’ll need to fill out the FAFSA form, which is free and opens in October each year, in order to unlock federal student ...
There are two primary types of student loans to fund your education: federal and private. You can check to see which federal student loans you qualify for by completing the Free Application for Federal Student Aid (FAFSA®). Private student loans are available through private lenders if you...
Can I refinance my student loans? Is it a good idea to refinance federal student loans with a private lender? What are the pros and cons of refinancing? Once you’ve weighed those considerations, you can use the refinance calculator below to estimate how much refinancing might save you over...
Money market accounts are similar to savings accounts, but offer some checking features as well. View MMA rates Get guidance Money market basics Money market vs savings accounts How does an MMA work? MMA resources Banking Unlock financial rewards by signing up for a savings or checking acc...
Federal student loans, such as Direct Subsidized Loans, Direct Unsubsidized Loans, and Federal Perkins Loans, are funded by the government and typically offer more favorable terms and flexible repayment options compared to private loans. Private student loans, on the other hand, are obtained through...
2. Focus on private student loans first Paying off the private student loans should always be your first line of attack. These tend to have less flexible repayment terms and fewer borrower protections than federal student loans, and most forgiveness programs don’t apply to private loans. They’...
Helpful student loan resources If you’re trying to figure out how to find your student loan account number, those are the top ways. But if you’re looking for information about your federal student loans in general, there are other resources to review as well. ...