When you’re unemployed, it’s hard to manage your student loan debt & make payments. Learn about all your options in this post.
One of the biggest challenges of getting a private student loan is that most private student loans typically require a cosigner. At this point in time, most people have written it off as common practice ( in fact, a recent CFPB study found 90% of private loans had cosigners). However, it’s still possible to get […]
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.
With hundreds of thousands of college freshmen starting college across the country, I wanted to share some of the best tips, tricks, and insights I’ve found and compiled so that nobody turns into a delusional college student. Starting life alone for the first time can be a challenge on multiple fronts – educational, financial, social, […]
When looking at how to pay for college, most people look at scholarships, ask their parents, and then take out student loans. And that process typically takes about 10 minutes. While not much thought is given to the subject, there are several alternatives to student loans that anyone looking at how to pay for college […]
Student loans can be a great investment in your future, or can be a huge burden if not fully thought out or abused. If you currently have a student loan or are thinking about getting student loans, you should know that student loans CANNOT discharged in bankruptcy (in most cases). This means that they will […]
One of the most frustrating questions I get everyday (seriously, everyday), from readers is: Is this company that’s saying they want to help me with my student loan debt a scam? Is this a student loan consolidation scam or legit company to work with? My answer? If you’re even asking me, it means you went […]
When looking at getting a student loan, there are some important risks that should be taken into consideration when comparing private versus federal student loans. For most private loans, it is a given that the interest rates will be higher than federal student loans, and you will not get the perks of being subsidized by […]
Do you currently have student loans? Have you ever wondered how they are affecting your credit score? I know I have. Is it possible that those student loans are actually hurting your credit? Or, is it a benefit to have student loans at the ripe age of 18, because they are providing the creditors with […]
It happens too often. A soon to be college student heads off for school. Thinking more about the present than the future he finances more than his education. He uses student loans to fund his lifestyle and his learning. Upon graduation he feels crushed by the amount of debt hanging over his head. And he […]
Over the last several weeks, I’ve had 2 different readers reach out about student loan consolidation. Both of them were going down a scary path with not very reputable student loan consolidation companies. In fact, one company was simply a student loan scam. We’re going to talk about the right and wrong way to go […]
Repaying student loans is an essential component of your financial future. We are all well aware of the growing animosity toward student loans, but the fact remains that they may be a necessary evil for many people. That’s why we created the free Definitive Guide to Student Loan Debt. It’s important to also remember that, in moderation, student […]
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 […]
The following is my best recollection of a recent conversation I had with a college student in my office. He was an incoming freshman who was coming in to talk about his tuition bill for the first semester. Me: “Good Morning! How can I help you?” College Student (CS): “Well, I’m not sure really. It […]
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 […]
Talk to just about anyone who is currently repaying their student loans and they will likely tell you that there are lots of things they didn’t know or wished they would have done differently when they got their student loans. One of the most popular misconceptions about student loan debt is that it is “good […]