Getting married can have a number of different effects on your student loans. Some of these changes may be beneficial, while others may not be so great. So how does getting married affect your student loans? Let’s take a look at the most common situations and how they’re affected by marriage. 1) You’re Getting Married … Read more
If you are a student, there are chances that you might need to take loans. IBR stands for Income-Based Repayment and it is one of the most popular repayment options for federal student loans. It allows borrowers to make payments based on their income, which can be either less than or equal to the amount … Read more
How Does Income Based Repayment Work For Student Loans? Income-based repayment is a type of student loan forgiveness that allows borrowers to pay back their debt based on their income. This can help lower monthly payments, and it may even eliminate the need to pay back some or all of your student loans. If you … Read more
Getting married can have a number of different effects on your student loans. Some of these changes may be beneficial, while others may not be so great. So how does getting married affect your student loans? Let’s take a look at the most common situations and how they’re affected by marriage. 1) You’re Getting Married … Read more
How Does Paying Back Student Loans Work? Student loans are a fact of life for most college graduates. In fact, research from the National Center for Education Statistics shows that 71% of college students graduate with an average debt load of $29,400. If you’re one of those people, you might be wondering how this process … Read more
Student loans can have a negative impact on your credit score, but it depends on how you manage them. Student loans are considered to be installment debt, which means that you’re required to make monthly payments over time until the debt is repaid. They are also categorized as “non-mortgage,” meaning they don’t qualify as collateral … Read more
How Does Paying Off Student Loans Work? If you’re reading this, it’s probably because you have student loans and are wondering how to get rid of them. Well, let me tell you: it’s going to be a little bit tricky. But it’s not impossible—and it’s not as difficult as some people might have you think. … Read more
Paying student loans can be difficult. It’s important to know how these payments will affect your taxes. When you pay off your student loans, you might be surprised to learn that the federal government doesn’t consider them a deduction. Even if you have a lot of student loan debt, it won’t be considered as an … Read more
How Do Private Student Loans Work? Private student loans are a financial aid option available to students who need assistance paying for college, but don’t qualify for federal loans or grants. They’re often called “alternative student loans.” The biggest difference between private and federal student loans is that private loans are not guaranteed by the … Read more
Does Refinancing Student Loans Hurt Your Credit? We are often asked if refinancing student loans will hurt your credit. The answer is not necessarily a simple yes or no. There are many factors that can affect your credit score, but we’ll explain some of the most common ones here. If you are planning to refinance … Read more
