Every parent wants to help their child succeed. But when it comes to paying for college, itâs not always possible. Fortunately, depending on the circumstances, you and your child may have several options to help them pay for school. First off, there are a variety of resources for students designed to help them pay for […]
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According to the 2021 Sallie Mae survey âHow America Pays for College,â nearly 80% of students and their families eliminated a college based on cost when determining which school to attend. If the cost of college tuition is one of the determining factors in your decision process, it could be worth looking into tuition payment […]
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Whether youâre considering taking out a federal student loan to pay for school, youâre in college and in debt, or youâve just graduated, you may go with the default repayment plan of 10 years. That isnât the only option, however. By learning more about the Standard Repayment Plan, you can decide if itâs the right […]
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Student loans can be discharged, but only in certain circumstances. When federal student loans are discharged, your requirement to pay back some or the entire remaining amount of your debt due is eliminated. However, this usually only happens in unique life situations, such as school closure, disability or death. We will cover the circumstances under […]
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There are many avenues to fund higher education that one could take. Grants offer money to help college students cover the cost of their education, usually based on financial need. Money received by grants does not typically need to be repaid. Student loans, on the other hand, refer to a lump sum of money that […]
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A Direct Consolidation Loan combines different federal student loans into a single loan, resulting in one monthly payment. If you have multiple federal student loans, this could be one way to simplify the repayment process and more easily stay on top of student loan payments. It will also set you up for eventual loan forgiveness, […]
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If youâre helping your college-bound child pay for school, you may have considered taking out loans in your name. If so, one of the options available are Parent PLUS loans, also known as Direct PLUS Loans for Parents, offered through the federal government. If your Parent PLUS Loan application is denied, you might try to […]
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Whether youâre paying for college, buying a house, or starting a business, itâs common to take on debt at some point in your life. Repaying that debt typically involves making a fixed or minimum monthly payment by a certain day each month. But what happens if money is tight and you donât have enough to […]
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Most of us know that you can apply for grants and scholarships to help offset the cost of college, but can you get a grant to pay off student loans once youâve already graduated? In short, kind of! Whether you didnât get enough financial aid or simply bit off more than you could chew repayment-wise, […]
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