Does that mean you’ll leave behind your student credit card as well? You may be able to keep some of the benefits you have with your student card after you graduate. A Discover® student card will have the s
If there is inflation, it means that a dollar today buys more than a dollar will in the future. So what does this have to do with student loans? Inflation is Good for Many Borrowers Suppose you are repaying your federal loans on the 10-year repayment plan. Each month you pay $324 to...
Through 2025, there isn’t a federal tax on student loan forgiveness. However, as things stand now,the tax bomb is set to return in 2026. This willrequire some planning for borrowers on IDR plans, but those who get forgiveness before 2026 won’t have to worry. At the state level, it...
Not all lenders offer personal loans in high enough amounts to refinance a HELOC and, even with sterling credit, you may pay a higher interest rate. But it may still be worth looking into What are the requirements to refinance a HELOC?
Understanding Student Loans Before discussing the implications of paying off student loans, it’s important to have a clear understanding of what they are and how they work. Student loans are financial tools designed to help individuals fund their education. Whether it’s a federal loan, provided...
Private student loans, includingrefinance loans, usually require a credit score of at least 640. Many people turn toprivate lendersfor additional funding if they don’t qualify for enough federal funding to pay for their school expenses.
Selectspoke with two student loan experts about what borrowers can expect when it's time to resume payments on their federal student loans and interest begins accruing once again, as well as tips for how to prepare. When does the forbearance period end?
Cash-out refinancing could help you pay off high-interest debts, like credit cards or personal loans, consolidating them into a single mortgage payment at a lower interest rate. For example, you could use $50,000 from the refinance to pay off $20,000 in credit card debt and $30,000 in...
A student credit card can be your ally in this journey. It’s just for students who might be managing finances on their own for the first time.Here’s why it’s a good idea: Easy to start: Even with little to no credit history, you may be eligible for a student credit card. It...
These bills include mortgages, student loans, car loans, credit cards, utilities, cell phone bills, insurance premiums, etc. Besides credit scores, what else do mortgage lenders look at? Your credit score is a main factor that lenders look at when qualifying you for a mortgage, but it’...