Student loan consolidation is often confused with general debt consolidation, but the two are not the same. Debt consolidation usually refers to combining multiple debts, such as credit cards, into a single new loan. Student loan consolidation is a fed…
Category: Student Loan Debt
With the cost of higher education climbing faster than a freshman’s caffeine intake during finals week, it’s no surprise that many students rely on a mix of student loans and scholarships to get through school. But once you toss that graduation cap, yo…
The average student loan borrower owes almost $40,000. If you’ve just graduated with a degree, you probably know that it’s likely to pay off in the long run. However, you’re now dealing with a more immediate issue—paying off student loans. …
There are two main types of student loans: federal and private. Each works differently, and understanding those differences is key before you borrow. Private student loans can sometimes fill funding gaps, but they often come with fewer protection…
How much student loan debt is in the U.S.? The answer might surprise you. Outstanding student loan debt (including both federal and private student loans) currently stands at around $1.814 trillion. This makes it even greater than the country’s total c…
With summer slowly coming to an end and the back-to-school rush beginning, families across the country are looking at college supply lists, tuition payment deadlines, and the big question of “how on earth are we going to pay for college?!” For many, th…
Dividing debt in a divorce isn’t always straightforward—especially when it comes to student loans. Whether the loan was taken out before or during the marriage, or even co-signed by a spouse, figuring out who’s responsible can be complex. E…
June is often seen as the unofficial kickoff to summer: A season full of longer days, poolside afternoons, and, let’s be real, bigger expenses. Between summer camps, childcare costs, family travel, and spontaneous ice cream runs, this time of year can …
Student loan debt is a major challenge for millions of Americans. More than 44 million people owe a combined $1.77 trillion in student loans, and many are managing multiple payments across different lenders. If that sounds familiar, you might be lookin…
Student loan forgiveness may help some borrowers reduce or cancel their debt—but figuring out if you qualify isn’t always easy. Rules have changed, and some plans have been blocked or revised. That makes it harder to know what options are still availab…