If you’re like many college graduates, you got a degree to improve your life. However, some graduates are finding that handling college debt is harder than they thought. If you qualify for income-based repayment, student loans may get easier to manage….
Category: Student Loan Debt
Student loan debt is money borrowed to pay for higher education, including tuition, fees, housing, and other school-related expenses. Borrowers take out these loans with the agreement to repay the principal (the amount borrowed) plus interest over time…
If you’ve been accepted into a higher education program, you’re probably excited to get started. This is a big step, and certainly worth celebrating! Before you start, however, you’ll have to overcome a hurdle: paying for your education. Unless you hav…
Both subsidized and unsubsidized student loans are federal Direct Loans, carry the same interest rate for undergraduate borrowers, and come with the same repayment options and borrower protections. The single biggest difference is what happens to inter…
Medical school is a huge investment, and that often means borrowing money to pay for school. But how do medical school loans work, anyway? Weighing your financial options can feel overwhelming, especially when you’re already juggling paying for l…
What is a PLUS loan in simple terms? It is a federal Direct Loan that can help pay school costs left after other aid is used. There are two types. Parent PLUS is for parents of dependent undergraduate students. Grad PLUS is for graduate or professional…
Dealing with student loan debt is stressful enough on a good day. But if you took out loans to attend a school that lied to you about your job prospects, the true cost of attendance, or the quality of their programs, that debt can feel incredibly unfai…
If student loan payments are becoming hard to manage, learning how to defer student loans may offer relief. Student loan deferment allows you to pause your monthly payments for a set period of time if you meet certain eligibility requirements. For borr…
Whether you’re in it for the career opportunities or just the pursuit of knowledge, a master’s degree can open doors. Still, you need a way to cover the costs of a master’s degree, which is easier said than done. Many loan programs only apply to …
If you’ve received financial aid for school, you might be wondering: do you have to pay back a Pell Grant? In most cases, the answer is no. Pell Grants are designed to be financial aid that does not need to be repaid. However, there are some situations…