When dealing with student loans, it is crucial to figure out the best way to pay them off and save money—especially considering that the average borrower has nearly $30,000 in debt at graduation, according to our student debt statistics. While you could calculate this by hand, it makes much more sense to utilize technology to save […]
ChexSystems is a financial database used by some, but not all, banks and credit unions to determine if a potential customer presents too much risk. It is regulated by the Fair Credit Reporting System. If a person has a history of certain issues—such as overdrafts or bouncing checks—or if an account was closed for a […]
Pell Grants are need-based grants issued to students who demonstrate financial need to help pay for college. The annual maximum amount for the 2019-20 school year is $6,195 and students may only receive Pell Grants for 12 semesters.
Transferring your student loan debt to a 0% balance transfer credit may make sense if you can pay it off in the intro period. If you can't, however, avoid this strategy.
The FAFSA takes around 1 hour to complete if you do it online or 3 hours if you do it by paper. It takes around 3 to 5 days to receive the results if you include an email or 7 to 10 days if you only included a physical address.
If you want to send your FAFSA information to more than 10 schools, you will need to wait until your receive your Student Aid Report and then have it sent to them by going online, calling, or sending paper mail to the Federal Student Aid Program.