Category: Student Loan Debt
-
What Happens to Student Loans When You Die
What happens to student loans when you die is a difficult question many families don’t expect to face while also managing funeral costs, paperwork, and other financial obligations. The outcome depends largely on whether the loan is federal or private. …
-
How To Pay for a College Education in 6 Steps
Wondering how to pay for college? Maximize your budget by following these six steps: Making a college education payment is one of the most bewildering budgeting challenges you can face. Between acceptance letters and tuition shock, figuring…
-
Paying In-State Tuition at an Out-of-State College
Out-of-state tuition often costs thousands of dollars more than in-state rates, which can make college much harder to afford. The good news is that some programs may help families pay closer to in-state prices, even if a student chooses a school in ano…
-
6 Ways You Can Reduce Your Student Debt
Student loan debt can affect nearly every part of your life. The average U.S. borrower with federal student loans owes about $37,000. For undergraduate degrees alone, the average is closer to $21,500. Unlike many types of debt, student loans are very h…
-
Understanding Student Loan Consolidation
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…
-
Can I Use Scholarships to Pay Off Student Loans? Here’s the Truth
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…
-
6 Surefire Strategies for Paying Off Student Loans Fast!
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. …
-
Are Private Student Loans a Good Option?
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…
-
Facts About Student Loan Debt That May Surprise You
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…