Every year, millions of Americans enroll in colleges and universities, and about two-thirds of students borrow money to do so. If you’re considering a student loan or are already in student debt, it’s crucial to be well-informed. Read on for a guide to student loans, repayment, and deferments.
Taking out federal student loans doesn’t require a co-signer. But it’s a different story for private loans. If your college student has maxed out their federal loan options and still needs more money, they may ask you to co-sign on one. But don’t sign on the dotted line without all the facts.
When it comes to debt, it’s easy to get in over your head. Like a snowball growing ever larger as it rolls down a hill, debts can quickly pile up into a mountain that’s beyond your ability to pay. One way to escape this situation is debt settlement. But it pays to know how it works first.
If you have an existing FHA mortgage, you may qualify for a special type of refinancing product known as an FHA streamline refinance. Though...
Student loan debt can be a huge burden on new graduates just starting out in their careers. Fortunately, there are programs to help with repayment, including forgiveness, cancellation, and loan repayment programs (LRPs) specific to your chosen career. See which ones you might qualify for here.
Not all borrowers are likely to benefit from student loan forgiveness. In fact, the majority aren’t. And there may even be some significant downsides to it. If you’re considering forgiveness as a way to manage your student loan debt, here’s what you need to know.
When it comes to avoiding immense amounts of student loan debt, an ounce of prevention is worth a pound of cure. Here are some things you can do before you start college, during your college years, and after graduation to keep your debt burden as low as possible.
Refinancing your mortgage is probably the most profitable move you can make to take advantage of low interest rates. But should you actually do it? Before you can determine that, you must learn more about why you’d want to refinance your mortgage and how to calculate the net costs.
Entrepreneurs and small business owners seeking funds to grow their businesses can either seek equity funds from investors or borrow funds from a lender. Seeking new...
Many small businesses turn to loan stacking — taking out multiple loans they can’t really afford — when they need more funds than any one lender is willing to approve. But loan stacking can put your business in serious jeopardy. There are better alternatives.
Student loans are one of the most significant debt burdens Americans face, and for many Americans, that debt has become unmanageable. But defaulting on student loans can have dire consequences. An income-driven repayment plan can help — and for some, even lead to loan forgiveness.
Debt consolidation can be a financial lifesaver for people with significant high-interest debt they're having trouble paying down. But it's not perfect, and it's not for everyone. Learn about the pros and cons of debt consolidation loans here.