College & Education
If you need to pause your monthly student loan payment temporarily, you have two primary options: deferment and forbearance. While people often use the terms interchangeably, there are some key differences. And knowing what these are could impact how costly your student loan becomes.
Nobody likes starting their adult life with crushing student loan debt. Unfortunately, student loans have become a necessary evil. If you’re forced to take out a loan for your college education, you have to ask yourself these questions so you can choose your loan wisely and minimize costs.
Working while in school has become the norm for college students. Although balancing a job with your studies can be difficult, there are several advantages to working while in school. Here’s a look at why working while in school can be beneficial for you.
Although similar, consolidating and refinancing your student loans aren’t the same. And once you refinance federal loans into private ones, there’s no going back. So before you make that move, compare the benefits and drawbacks of private loan refinancing versus federal student loan consolidation.
If you graduated with student loan debt, you’ve likely got more than one student loan. A consolidation loan combines those into a single loan with one monthly bill. There are advantages to consolidating your student loans, but there are also a lot of misconceptions. Don’t fall for these myths.