How Divorce Affects Your Student Loan Debt – Deep and extreme implications, especially in different aspects of a person’s life, are some of what comes after a divorce. Student loan debt is not an exception. As divorcing couples divide their former shared financial responsibilities. It is important to understand how their student loans are affected … Read more
How Long Does It Take to Pay Off a Student Loan? The duration for repaying a student loan depends on various factors such as the total loan amount, the size of your monthly payments, and the interest rate applied. The repayment plan you select also plays a major role in determining how long it will … Read more
In today’s world of financing, handling student loans while saving for retirement can be quite daunting and has become a constantly asked question by individuals. This leads to the suggestion: how to get a 401(k) match for your student loan payment? Meanwhile, a modernistic approach introduced by some employers is known as a 401(k) match … Read more
What to Do if Your Private Student Loan Co-signer Dies- The lender’s policies determine what happens if your private student loan cosigner dies. Some lenders may automatically default on the loan, asking for the remaining balance to be paid immediately, even if the borrower has been making payments. This might be a financial strain, especially … Read more
Financial Advisor for Student Loan- Student loans are very complex and, most times, perplexing for most borrowers. Most borrowers often struggle with repayment and managing their student loans, causing them to default on the loan as well as make wrong decisions concerning the loan. Getting a financial advisor for a student loan is the best … Read more
Sometimes, parents tend to take student loans on behalf of their children in college. These loans are taken to meet the financial needs of the student while in college. Parents take loans for their children through the parent PLUS loan. However, can a parent PLUS loan be transferred to the student? Yes, it is possible … Read more
Should I pay off my student loan in a lump sum? Without a doubt, student loan debt can be a major financial responsibility for borrowers, and the answer to whether and how such bothersome debt can be managed usually arises. One of the efficient strategies or methods that many borrowers or graduates consider is making … Read more
Student Loan Forbearance vs. Deferment – Repaying student loans is a difficulty most students often have after they graduate and their loan repayment term begins. To make student loans more affordable to pay, applying for student loan forbearance or deferment is a good idea. These processes help you to temporarily freeze your loan payments while you get … Read more
Depending on different factors, how long it takes to pay off a student loan is determined. These factors include annual percentage rates, overall loan amount, and monthly repayment terms. Though the maximum standard loan repayment term for federal student loans is 10 years, it may take up to 30 years or more for students to … Read more
What to Do If You’re Denied a Student Loan- It can be quite sad and disheartening when you get a rejection notification for a student loan. It is even worse when it interferes with your educational dreams. Nevertheless, getting denied is not the end of the world, much less your academic aspirations. Instead, it gives … Read more