Ideally, you’ll never need to refinance, but in reality, life happens. If you find yourself struggling to pay back federal or private student loans, refinancing may be an excellent option for you. Much like the research you did before applying for assistance in the beginning; there are several things you need to know before considering…
When your child started applying for colleges, chances are they didn’t think much about how their education would be funded. According to CNN Money, the average student loan debt was $29,400 in 2013. Considering the high cost of college tuition, parents and their students need to be aware of their options for reducing student loan…
Student loans are quite the hot topic lately. The Federal Reserve Bank reports that the total outstanding balance on student loans was $966 billion, at the end of 2013. That number is only growing larger. The biggest reason is that for many people these loans are not causing them undue grief. So instead of hurrying…
You have probably seen the news lately about how the student interest loan rate doubled at the beginning of the month. With all the coverage, there is bound to be some misinformation, and before panicking, make sure you understand just how it will affect you. Politicians and the media like to play things up for…
In today’s competitive job market, it is almost a necessity to have a college education. However, that education can be quite expensive. Unless you had parents that were fairly well-to-do and they were able to save money for your education, or if you worked very hard during your summer breaks, you most likely needed to…
Paying for college doesn’t have to be a burden for young people. The sad truth is, a lot of new graduates are so worried about paying off student loans that they no longer enjoy the fruits of their labor. The average American owes around $20,000 in student loans. That’s a huge debt to take on….
Jason is a financial advisor and Dave Ramsey-trained counselor that blogs over at WorkSaveLive. He aims to educate his readers on a variety of financial topics while sharing his family’s journey out of debt. Having been saddled for the past 6 years with over $80,000 of student loan debt (as a family), I have a…