About Subsidized and Unsubsidized Loans
There are two types of loans on offer to you, those being subsidized loans and unsubsidized loans. You will need to understand the basics of both of these types before you sign for any loan.
Both of these loans are federal student loans that are offered by the US Department of Education. In order to qualify for either of these loans you must be enrolled at least half-time at your school. They both offer a six-month grace period before you have – Read more
Should You Pay Your Student Loans Off Early?
Student loans are thought to be good debt and these loans usually have low interest rates. However, student loans are still a type of debt and when you pay these off you can get a return equal to the interest rate.
So should you pay your student loans off early?
When to Pay Student Loans Early
When it comes to paying off your student loan early and when, you will need to take into account your financial situation, the interest rate and – Read more
Benefits of Student Loan Refinance
The main benefits of refinancing a student loan is that you could negotiate better terms or lower your monthly payments and free up some extra cash.
Here are the top benefits of student loan refinance.
Lower Interest Rate
When you take on a new student loan or you choose to consolidate the loan, the interest rate could be different to what you are currently paying. This means that you could get a lower interest rate.
Lock in Low Interest – Read more
Lesser-Known Facts About Student Loan Grace Periods
A federal loan has a grace period, but this differs between the type of loan and the terms of the loan.
During the grace period, payments aren’t due, but there are student loans that will incur interest during this time and in turn will increase the total amount that is owed.
Here is a look at things you may not know about a student loan grace period.
The Government Is Looking Out For You
Many federal loans will have a grace p – Read more
The 150% Subsidized Loan Limit
If you are planning to pay for your college education with a federal loan then for some of them time is of the essence.
With direct subsidized loans the interest is covered by the government whilst you are studying, but this doesn’t last. The 150% subsidized loan limit is a rule that restricts the amount of time that you are eligible for these loans.
Here is a look at this rule and how you are able to use it to your advantage.
The r – Read more
How to Get a Student Loan
It is never easy to pay for education and not everyone is able to cover the costs. If you need to come up with the money to pay for your education then you will need to know how to get a student loan.
Even though you want to pay for your education there is something that you will need to hear just once and that is try not to borrow anything. It is easy to get money right now, but it wont be that easy to pay it off later. Education is an investment and it is – Read more
Advantages of Federal Student Loans
Before you take any type of loan you need to do your research. If you are looking for a way to pay for your education then here are some advantages to Federal Student Loans.
The interest rate on federal loans is fixed, which means that the payments will not raise or fall according to the market.
Free insurance is provided for by the government. This means that if you die or become disabled your loan will be – Read more