FEATURED BLOG POST

Millennials Are Seeking Prenups—and It Might Just Be Worth Considering

Read More

When to consider refinancing student loans

Here’s When to Consider Refinancing Your Student Loans

When was the last time you took a close look at your student debt? If you’re like most borrowers, particularly those with six figures of student loan debt from graduate school or MBA programs, you probably shudder at the thought. Chances are, you set up a loan repayment plan after graduation and figured you’d revisit it “later”—say, when you’re making more money, when your career is more secure, when you have more time.

This approach is understandable, since after receiving your undergraduate or graduate degree your focus is on other things (like building a career that will help you pay off your loan balance). But if you let that nebulous “later” date turn into “never,” the repercussions can be costly. At some point, refinancing your student loans could save you a significant amount of money. You just need to figure out if you’ve reached that point.

So how do you know when it’s time for a student loan debt check-in? Here are four factors that should prompt a second look:

Read more
How to pay off student debt faster in 2017

17 Ways to Accelerate Your Student Loan Payoff in 2017

New Year’s resolutions come and go, but student loans? Not so much. When 2018 rolls around, wouldn’t it be nice to see you’ve made a significant dent in your student debt—or have even decimated it completely?

If you’re serious about paying off student loans in 2017, we’ve got 17 easy and effective ways to help you do it. Check out our list, and start committing to your financial resolutions today!

Read more
Here's what you need to know about refinancing student loans

Should I Refinance My Fed Loans? Here’s What You Need to Know

If you’ve thought about refinancing student loans, chances are your next question is whether you can refinance federal student loans. After all, most of the $1.4 trillion in outstanding student loan debt is made up of fed loans.

The short answer is yes— you can refinance federal student loans with a select few private lenders, including SoFi. This is great news for borrowers with high-interest rate federal unsubsidized or PLUS loans.

However, there are a few things to be aware of before you refinance fed loans. We’ve gathered the most frequently asked questions from our blog and social media channels about federal student loan refinancing to help you decide whether it’s right for you.

Read more
A visual timeline of student loans

A Visual Timeline of Student Loans: Where We’ve Been and Where We’re Headed

More Americans than ever are taking out student loans to invest in their futures. And that’s leading to…a huge amount of debt across the nation. $1.3 trillion in fact. This year alone, college grads who have their bachelor’s degrees face an average of $37,000 in student debt. And, as of July, over seven million borrowers are in default.

So how to solve it all? Let’s start at the beginning. Scroll through the visual timeline below to see the highlights and lowlights of the past 80 years in student loan history.

Rest assured, there is definitely a light at the end of the tunnel (er…timeline).

Read more
Student loan interest rate Vs. APR

Student Loan APR vs. Interest Rate: 5 Essential FAQs

Got student loans? We’ve got you covered with our Student Loan Smarts blog series. Our expert tips and hacks will help you save money, pay off loans sooner, and stress less about student loan debt. Read the other posts in the series to get all the info you need to make intelligent decisions about your student loans.

Pop quiz: What’s the difference between student loan APR and student loan interest rate?

If you don’t know the answer, that’s completely understandable. It’s not information you need every day, but it will come in handy when applying for or refinancing student loans. Both terms impact how much money you’ll spend on total interest, so they should factor into your decision when comparing loans and lenders.

Read more
Page 1 of 812345...Last »
SSL Encrypted
Equal Housing Lender