According to first-quarter data released in May 2021 by the Federal Reserve Bank of New York, student loans are now the second-largest source of consumer debt, outpacing both credit card and car loan debt and second only to mortgage debt….
Student loan debt can be overwhelming. Yet it’s become an unavoidable reality for many college graduates. According to a 2018 report from the Institute for College Access & Success, two-thirds of students borrow money for college. The average amount borrowed,…
Whether you’re a recent undergrad heading straight to graduate school or it’s been a few years, you probably have student loan debt left over from your undergraduate degree. According to the 2019 Student Opportunity Index from Cengage, an educational services company,…
If you’re about to head off to college or graduate school, you’re likely wondering how you’ll pay for it. While it’s best to avoid student loan debt as much as possible, taking out loans has become an inevitable reality for…
At first glance, all student loan refinance lenders look a lot alike. But once you delve into the details, multiple differences in their loan features can make a significant difference in how easy it is to get or pay off…
These days, there’s an app for just about everything, even help with paying off your student loans. So if you’re looking for a smartphone tool for managing your student loan debt, the Chipper app can help with that. In fact,…
Defaulting on your student loans can be a stressful situation. Daily calls from collection agencies and damage to your credit score are bad enough. But if you’re in default long enough, you’re looking at severe penalties like garnished wages and…
Monthly student loan payments are a big chunk of many borrowers’ budgets. That can make it hard to save for short-term emergencies like medical bills or car repairs. If you don’t have savings to dip into when unexpected expenses crop…
The FAFSA, or Free Application for Federal Student Aid, opens the door to all financial aid — federal, state, and institutional. So if you missed one of the deadlines, you’re probably imagining all the ways in which you’re doomed. It’s…
Having student loan debt hanging over you for years or even decades can be overwhelming. Worse, having to put such a big chunk of your paycheck toward monthly student loan payments can prevent you from being able to do things…
End of content
End of content
