Articles by Jennifer Lobb:
The Parent PLUS Loan, which is a federal student loan, offers flexible terms and a standard fixed interest rate. However, private student loans may be preferable to parents who have very good or excellent credit, although repayment options may be more limited.
SoFi and LendKey can both help you to refinance student loans but they have some different features. Compare terms, rates, fees, and more to determine which is best for you.
Both SoFi and CommonBond offer student loan refinancing services, and the two share many benefits, including competitive rates. This SoFi vs. CommonBond comparison will offer insight into when one lender may be better than the other.
Both private student loans and federal loans can go into default status. Though the consequences can vary based on loan type, one thing is certain — a student loan default can negatively impact your finances and credit score and should be avoided if possible.
PAYE is an income-driven repayment plan that caps monthly student loan payments at 10% of the borrower's discretionary income and may result in loan forgiveness after 20 years of on-time payments.
Earnest offers a variety of lending products, including personal loans. Earnest personal loans come with competitive rates, and consumers should consider getting a rate quote to see how Earnest loans compare to those provided by other lenders.
FreedomPlus takes a personalized approach to online lending by requiring each borrower to meet with a loan consultant via phone. Paired with competitive rates, this makes FreedomPlus personal loans an attractive option in an otherwise digitally driven loan marketplace.