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Student Loan Repayment: The Smart Grad’s Guide [SlideShare]

Posted by & filed under Featured Posts, Student Loans.

student-loan-repayment-grads-guideWhether you’ve recently graduated from college or completed a master’s or professional degree, chances are good that you have student loans to repay.

Unfortunately, student loan repayment isn’t as simple as picking a plan and writing that first check.  The decisions you make today can impact how much interest you pay in the long run, which in turn can affect your ability to achieve other financial goals like buying a home, starting a family, even traveling the world.

That’s why we created The Smart Grad’s Guide to Student Loan Repayment.  Our guide offers six simple steps to help you build a thoughtful student loan repayment strategy – so you can efficiently deal with student loan debt without spending a penny more than is necessary.

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5 Reasons to Refinance Credit Card Debt with a Personal Loan

Posted by & filed under Personal Finance.

refinance credit cardsEver feel like you’re the only one with credit card debt?

Actually, you’re in good company.

The average American household has $15,000 in credit card debt, but you sure wouldn’t know it. People may talk all day long about their Paleo diet, their love life, even their student loans, but bring up the subject of money, especially (cue horror-movie soundtrack) credit card debt, and suddenly everyone clams up.

One in five people consider money a taboo subject, according to a recent Harris poll. It’s also the No. 1 cause of stress, according to the survey, ahead of work, family and health concerns. So unless you’re expecting a windfall from a long-lost relative (not that you’d know, odds are that relative didn’t talk about money either), it’s up to you to come up with a game plan to manage your finances.

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Beyond the Parent Plus Loan: 3 Ways to Finance Your Child’s Education

Posted by & filed under Student Loans.

parent plus loanWhen New York City Mayor Bill de Blasio recently remarked that he was exploring financial aid options for his college-bound son, it was a sign of the times.

Families from all walks of life are struggling to keep pace with the rising cost of college education, which is a staggering 12 times higher than it was 35 years ago.  Today 71% of undergraduates completing their studies have student debt.

De Blasio, who pulls in a $225,000 salary, is part of the growing sector of middle and upper-middle class Americans who are struggling to foot the bill for college education. Now more than ever, many parents are finding that their savings and their kids’ student loans aren’t enough. They need to supplement with other loans in order to cover the cost of college or graduate school.

While many parents are familiar with the federal Parent PLUS loan, that’s not the only option out there. How do Parent PLUS loans compare with other means of financing? Let’s break down the pros and cons of three common loans you can take out to help pay for your child’s education.

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How to Make Your LinkedIn Profile Stand Out

Posted by & filed under Careers.

optimize LinkedIn profileWhether you’re embarking on (or knee-deep in) a job search, or you just want to be prepared for your next move, you likely know how important it is to have a strong LinkedIn profile in order to achieve your career goals. But does your own profile actually reflect that?

A recent study conducted by Jobvite revealed that 93% of recruiters are likely to look at a candidate’s social media profile. But while most job seekers (83%) flock to Facebook for career leads, a whopping 94% of recruiters are active on LinkedIn.

Forty-two percent of these recruiters have reconsidered a candidate based on a social media profile, leading to both positive and negative re-assessments.

So if you weren’t convinced before, these statistics should help motivate you to upgrade your LinkedIn profile strength in order to showcase your personal brand, give prospective employers a great virtual first impression of you, and give you an advantage over your competition in the job market.

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Should You Pay Off Your Student Loan Before You Buy a Home?

Posted by & filed under Featured Posts, Mortgage, Student Loans.

Contemporary home for sale

It’s been incredible to hear the overwhelmingly positive feedback we’ve received since we started offering mortgage loans, particularly since rolling out the mobile mortgage experience, which gives you real rates in under two minutes right from your phone.

Our mortgage is unique in that it was built with the needs of early stage professionals in mind: low down payment (as little as 10%), high maximum balance (up to $5 million), flexible debt-to-income limits and a simple, online application process, most of which can be done on your phone. Judging by the demand we’re seeing, a lot of people have been waiting for something like this to come along.

Because our members tend to be Millennials and Gen X’ers who are often dealing with student loans, one question we’ve heard repeatedly is whether it’s best to completely pay off education debt before taking on a mortgage loan. While the answer depends on several factors, in general if you have enough for the down payment and you want to buy a home, in my view you are better off buying now rather than waiting.

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