Student Loans
Currently, there is over $1.5 trillion in outstanding student loan debt. With millions of graduates struggling to find work that pays a decent salary, many people are unable to make their loan payments under the standard repayment plan. There are a variety of Income-Driven Repayment plans available that can decrease your monthly bill and keep you from […]
When it comes to managing your finances, deciding between pre-paying your student loan debt, investing in the stock market or saving for retirement can be extremely challenging. Financial experts are divided about what is the best course of action, and in many cases, it is entirely dependent on your unique situation, your current needs and […]
When it comes to refinancing or consolidating your student loans or taking out a new private student loan there are many options available to you. Your eligibility for the most favorable terms is determined by your loan amount, your credit score and your desired repayment plan. You can use our student loan comparison calculator to look at multiple […]
If you are struggling with your loan payments, you might be tempted to call your lender and request a forbearance or deferment. However, you should enter these programs with some caution; often, they do not solve the problem and can make it worse. This student loan deferment and forbearance calculator will help you determine how […]
One benefit of student loans is that you can get a significant deduction at tax time. You can deduct up to $2,500 in student loan interest payments on your taxes. Both payments made on federal student loans and private student loans are eligible. That $2,500 lowers the amount of income that is taxable by the government. Whether […]
So many students are told that student loans are “good debt,” and that they should not worry about taking out loans to pay for school. Well-meaning friends and family members will tell them interest rates are low and post-college salaries high, so monthly payments are no big deal. Then, it is a harsh wake-up call […]
After graduating, student loan debt can feel like a heavy weight holding you back from your goals. Knowing that you have ten years or more of payments ahead of you can make going on vacation, starting a small business, getting married or buying a house feel impossible. However, you can payoff your student loans faster and […]
If you are struggling to keep up with your payments and high interest rates, student loan refinancing is one option that can help. When you refinance, you basically take out a new loan with different terms than your original one. Then, you use that loan to pay off the first loan. Usually, when you refinance, […]
Paying off student loans can be difficult. That is why there is a new student loan app called Pickpocket that is designed to help you pay student loans back. Most college graduates end up making payments every month for years, whittling down their balance just a little at a time. Some can afford to make […]
Becoming a chiropractor might not seem like it would be as expensive as becoming a doctor, which requires medical school, but it can be. Student loan debt for chiropractors can reach six figures.The average chiropractic program requires at least 90 hours of previous undergraduate work to be accepted, and that’s before you even start the […]