The most common student loan scams involve paying fees to consolidate or to get forgiveness, law firms and lawsuits, and trying to eliminate your loan debt.
At least one a week a college senior comes to my office to ask me “How many student loans do I have?” My initial answer before helping them? “To be honest, this is your responsibility to know how many, how much, and with whom your student loans are.” I will freely admit that our current […]
The government, banks and individuals all borrow money. If they weren’t able to obtain credit, then the wheels of commerce would come to a grinding halt. One of the first things that anyone who wishes to borrow should do is to carry out some calculations. Basic sums before you get a loan If you’re considering […]
Nelnet is one of the nation’s largest student loan servicing companies. What happens is that the United States Department of Education contracts with companies like Nelnet to provide servicing options for their student loans. Prior to 2012, when financial reform changed how student loans were originated, Nelnet was also one of the largest holders of student […]
Getting a college education is an expensive process. The costs of going to school add up quickly, and for many people, even though getting a college degree does eventually pay off, it may take a few years of working before they finally land a G.O.O.D. (get-out-of-debt) job with a livable salary. In order to deal […]
A lot of college students borrow money to pay for their higher education expenses. However, it can prove to be overwhelming if you graduate with student loan debt hovering over your head. Here are ten tips to help you pay off your student loans in a shorter amount of time so that you can live […]