Student Loans

Student loans are a major monthly financial commitment for many Americans. The average student loan debt in 2021 is $37,693, and the average monthly payment borrowers are making on student loans is $393. As the cost of higher education continues to rise, financial aid will continue to be a necessary tool for many people to pursue college attendance and middle-class …

The Easy Guide to Student Loan Forgiveness Programs and Options Read More »

Private student loans don’t offer all of the same benefits that federal student loans do, but they’re sometimes necessary, especially for those pursuing post-secondary schooling. If you do find that you can’t cover all of your education expenses with governmental funding, make sure you take the time to find the best private student loans for …

The 16 Best Private Student Loans of January 2021 Read More »

Maybe even more so than other forms of debt, student loans can feel like a shackle around your neck. They linger for years, often with such high balances that it becomes a simple test of endurance to pay them off. Anything you can do to lessen the load and pay them off sooner starts to …

Student Loan Consolidation: When Should You Consider It? Read More »

In 2020, America’s collective outstanding student loan balance reached $1.56 trillion. To put that into perspective, that’s roughly equivalent to the annual GDP of Mexico. And Sweden. Combined. Even when you divide it among the roughly forty-five million people holding these loans, that’s a lot to handle. So for many of those borrowers, student loan …

Student Loan Forgiveness: What you Need to Know Read More »

If paying back your student loans feels like a burden you’ll never escape from, don’t stress – there are options to simplify the process. Refinancing or consolidating your loans may be a strategic move if you’re looking to lower your interest rate, shorten (or lengthen) your payment term, or streamline all of your payments into …

6 Best Student Loan Refinancing / Consolidation Lenders Read More »

According to Forbes, student loan debt in 2020 reached an all time high of $1.6 trillion, with 45 million borrowers owing approximately $32,731 each. While students may have plans to repay their loans by securing a great job soon after graduation, this doesn’t always happen. In fact, CNBC reports that 1 million students end up …

Can You Go to Jail For Not Paying Student Loans? Read More »