Our blog is designed to provide information regarding some of the critical topics those with student loans must be aware of to be able to make educated decisions regarding their future.
Today over 44 million borrowers have $1.4 trillion in student loan debt. The average debt it $37, 172, so it should come as no surprise that many have trouble paying all that back on time. In the 4th quarter of 2016, new delinquent balances of 30 days or more stood at $32.6 billion. New seriously delinquent balances of…
Continue Reading ->What is a subsidized loan? If you’re not sure of the answer, you’re not alone. Applying for college is difficult enough, but finding a way to pay for your college tuition, room and board, and other expenses can be even harder. The FAFSA (free application for federal student aid) allows you to streamline the process and apply for…
Continue Reading ->A credit score holds a lot of weight when it comes to borrowing money. A good credit score lets you easily take out loans, lease a car, rent an apartment, or even get a job. It can also save you hundreds of dollars. In fact, there is no downside to having a good credit score. But, what is…
Continue Reading ->If you could see how much financial aid you’ll get for college, would you want to? The FAFSA4caster is a free tool from the Department of Education to estimate your federal financial aid before you submit the Free Application for Federal Student Aid (FAFSA). You can use the tool to compare the costs of several colleges in addition to working…
Continue Reading ->When it comes to taxes, it seems like the story is never simple. Add a scholarship to it and you get a situation which really needs to be looked into a little bit closer. The question of are scholarships taxable income or not gets quite a complex answer. Generally speaking, a scholarship isn’t regarded as income so it isn’t taxable. However,…
Continue Reading ->Your one-stop-shop for managing your federal student aid is StudentLoans.Gov. This site is the Federal Student Aid website of the Department of Education (DOE) and the epicenter of all things related to servicing your federal student loans. Who Should Use StudentLoans.gov? The DOE runs the website StudentLoans.gov in order to help two groups of borrowers: Graduates who are…
Continue Reading ->When it comes to just about anything financial, the amount you see advertised is usually not the amount you’ll pay or repay. There are all sorts of fine print you may or may not look at that can tack on additional fees and charges. In the loan world, one such charge takes the form of the origination fee.…
Continue Reading ->As of 2014, the United States has 4,725 degree-granting institutions. To make the best choice for yourself, think diligently about what is important to you. Read on to learn some useful tips that will help you answer the question, what college should I go to?. Things To Consider When Determining What College To Go To Use the College…
Continue Reading ->College is an expensive undertaking, and many students don’t have the resources to pursue their degrees. To help more students attend and graduate from college, the U.S. government supports several student aid programs for students at all levels of income. Low-income college students who apply for financial aid often qualify for a Federal Perkins Loan. What is a…
Continue Reading ->Who has got the best MBA program in the country? Well, it really depends what you want to do with your MBA; there is no one size fits all. For our purposes, we will be considering only full-time MBA programs in the United States. Every year a myriad of organizations come out with their lists of best MBA…
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