You're enrolled at least half-time at an eligible school. You have a GPA of at least 2.0. You meet the Satisfactory Academic Progress standards as defined by your school. You're a member of Navy Federal Credit Union (or become a member during the online application process)....
The article reports that the Navy Federal Credit Union, the biggest credit union by assets in the U.S., will start offering private student loans for the first time, which echoes the move of lenders Citizens Financial Group and Social Finance as they seek new, young customers to sell loans...
Why we chose it:Parents who took on debt in the form of federal Parent PLUS loans or private parent loans to pay for their child’s education may benefit from PenFed’s refinance program. Most lenders prohibit transferring debt to another person’s name, but PenFed Credit Union allows parents...
Ray Frager is an assistant managing editor on the Credit Cards, Loans and Banking team at U.S. News & World Report. He has more than 40 years of experience in journalism. In addition to his editing duties, he helps supervise the team of CCLB editors. Read more ...
When Private Student Loans Can be a Good Option A private student loan is going to originate with a financial institution like a bank or credit union instead of the federal government, like other college loans. That means that you may be paying higher interest rates and the repayment terms ma...
This program is available to EVERYONE with Federal student loans, so it’s one of the first places you should look for assistance if you’re trying to get rid of Federal debt. For all the details about how it works, please visit my page on President Obama’s Student Loan Forgiveness Prog...
If you have federal loans, this isn’t usually a good option because you’ll forfeit access to government forgiveness programs. But if you already have private loans, consider refinancing if you can get a lower rate. Federal consolidation. If you consolidate your federal loans with the ...
Considering private student loans can make sense if you’ve exhausted all your scholarship, grant, work-study, and federal student loan options and still need money for school. Here, you’ll find the best private student loans based on our extensive rese
After a lengthy hiatus on student loan repayment, you may need help figuring out what to do next. Here are the steps you can take to start repaying yourstudent loans: Review your balances.Sign into your Federal Student Aid account with your FSA ID and re-familiarize yourself with your loan...
There are limits on how much you can borrow with federal student loans. If your tuition exceeds that limit, private student loans can make up the difference. Also, federal student loans can be withdrawn if you fail to maintain a 2.0 cumulative GPA. Private student loans, on the other hand...