5 Tips for Tackling Your Student Loans as a Coupledoi:urn:uuid:aab574f6d048b410VgnVCM100000d7c1a8c0RCRDAs more people graduate college with higher student loan balances than ever before, it's rare to find a couple these days who aren't dealing with debt.Dan Macklin...
The best way to avoid debt is to not take it on in the first place. If you know that you’re going to be taking out student loans, try not to borrow more than you need. And if possible, make payments while still in school so that the interest doesn’t pile up while you’re try...
Instead of budgeting $300 to pay your student loans, you would budget $350, applying the extra $50 first to the 6% loan. Once that loan is paid off, you would allocate the $150 you used to pay it to the 5% loan, now paying $250 each month for that loan. After you wipe out the...
Refinancing entails taking out a new loan to pay for your old loans. What this does, essentially, is it leaves you with one monthly payment, like consolidating your loans does. And, if the new loan you take out has a lower interest rate than the average rate of your old loans, that c...
You’ve narrowed down your top choices of colleges and are researching the college admissions process for each of them. Now comes the most important question to ask, though.How are you going to pay for college?There are a lot of options from taking out student loans, having your p...
Around 18 million students complete the FAFSA® annually, yet billions of dollars in federal aid go unclaimed each year. Filling out…Read More Navigating Student Loans as a First Time Borrower: Dos and Don’ts for Success Dec 27, 2024 | By: Lisa Mach ...
8. Make more from your student loan If you are taking out a student 'maintenance' loan to cover living costs, you will be paid a lump sum at the beginning of each term. When you receive each payment, put it in an instant access savings account (keeping enough back to cover your immed...
4. Reduce Student Loan Debt Student loans are common sources of financing college. But, by taking out more money than you actually need, it means that years later you may find yourself burdened by debt. Calculate your total education cost first, then see if there is any way you can cut ...
Most students who go to college have to take out loans to afford the cost of attendance. Private student loans can be a good option for you if you need more money to cover your college costs. However, which private loans are the best ones? When should you decide to take out a private...
ASK A FINANCIAL PLANNER: What are some tips for paying off my massive student loans?Sophia Bera