Advice & News

30
Apr
Is Student Loan Forgiveness Real?

Please pardon college students and working adults that took out student loans for being skeptical of the three words, student loan forgiveness. From Santa Claus sneaking down the chimney to the tooth fairy leaving cash under a pillow while we slept undisturbed, tall tales have followed us throughout our lives. Now, as we struggle to make ends meet […]

Posted in: Student Loans,
16
Apr
Why Boston Has the Most Student Debt of Any Metro Area

Are you living in Boston? According to Forbes, if you are the average student debt carrying Bostonian you have a student loan balance $11,382.67 larger than the average student debt carrying New Yorker. That’s because at $43,398.48, Boston is the U.S. metro-area with the highest average student loan debt. The average in New York is $32,015.81, ranking […]

Posted in: Student Loans,
18
Feb
Sallie Mae Made $1.42 Billion in Profit Last Year

With $1.4 trillion in outstanding student loan debt, student loans are a huge issue in the United States. 7 in 10 graduates now graduate with student loan debt as a result of rising higher education costs. The price of higher education has increased at a greater pace in comparison to wages, consumer prices, and housing prices. […]

Posted in: Student Loans,
05
Jan
Promissory Notes Explained

If you have recently applied for a student loan or for student loan consolidation you were probably asked to sign a promissory note. These types of notes or legal documents have been relevant in financial decisions and transactions since any form of economy has been present. While promissory note is another term that you may […]

Posted in: Student Loans,
05
Jan
Key Benefits of Having a Cosigner

During your student loan application, you might be asked to provide a cosigner. What is a cosigner? What are the benefits of having a cosigner? A cosigner is a parent, grandparent, guardian or other adult who is creditworthy and willing to assume legal responsibility for the loan liabilities along with you. In most cases the cosigner […]

Posted in: Student Loans,
05
Jan
Plan and Execute a College Budget

With the advent of credit and debit cards, money can seem like an abstraction. Cash is no longer king, replaced by plastic. In no time at all, students may find that they’ve spent their entire month’s budget on personal expenses and unnecessary items, and then additional bills layered on top in their inboxes. Taking control […]

Posted in: Personal Finance,
26
Dec
How to Avoid 10 Student Loan Mistakes You May Be Making

While you can certainly burden yourself with crushing student loan debt for the next several decades, there are better ways to tackle your college budget. Read on to find 10 common student loan mistakes and how to avoid them. 1. Don’t Automatically Apply for Loans OK, so all of your friends told you how expensive college costs […]

Posted in: Student Loans,
26
Dec
7 Ways To Avoid Banking Pitfalls After College

The transition from student to graduate means countless changes, and your banking accounts are no different. Your student accounts turn into regular old checking accounts. Your monthly allowance from mom and dad starts to dry up. It’s time to tackle banking and your finances like a responsible adult, and here are seven tips to help. 1. Get […]

Posted in: Banking,
10
Dec
Can I Consolidate Federal And Private Student Loans?

Students face numerous myths when it comes to college. One specific myth declares that you can’t consolidate your federal and private student loans. Although consolidation was not an option for decades, the ability to consolidate student debt is now on the table for college students looking to maximize the financial benefits for both types of […]

Posted in: Student Loans,
25
Nov
Should You Take Out A Student Loan To Build Credit?

College students face the ultimate Catch-22 dilemma within days of receiving the piece of paper that certifies them as working professionals. Many college graduates walk into prospective employer offices with the “No Vacancy” sign hanging over the front door. Employers decline the applications of recent college graduates because the grads don’t have the expe

Posted in: Student Loans,