Ready to take control of your student loan situation and refinance your student loans? Here are our recommendations for the best student loan refinance companies in 2020. We’re excited to offer you special Student Loan Gal deals of up to $200 off with most of these lenders! LendKey Earnest Laurel Road Credible SoFi Education […]
Read more >Federal student loans come with a number of flexible repayment plans — eight, to be exact. Unless you choose an alternative plan, your loans will automatically go on the standard 10-year plan, which will get you out of debt the fastest. But if you need more affordable payments, you could opt for an alternative plan, […]
Read more >If you’re heading off to college, you might be wondering, How do federal student loans work? Well, federal student loans are provided by the government to help students (or their parents) pay for college or graduate school. There are several federal student loan types, some of which have better terms than others. For most federal […]
Read more >If you owe $30,000 or more in federal student loans and need extra time to pay them off, the Extended Repayment plan could help. This plan extends your loan terms to 25 years, which is 15 years more than the standard 10-year plan. It also allows you to make fixed or graduated payments during this […]
Read more >As a new college graduate, you’ll likely start with a low salary and boost your income over time. That’s why the Graduated Repayment Plan can be appealing, since it involves low student loan payments in the beginning which gradually increase over the years. While this approach can make your initial payments more affordable, it may […]
Read more >When you graduate college, your student loans automatically go on the standard 10-year repayment plan. But if your payments are too high, you can lower or pause them completely by pushing back your repayment deadline. In fact, you have several options for getting an extension on student loans, including income-driven repayment, extended repayment, deferment or […]
Read more >Learning how to write a college essay is a crucial step along the path to college. Admissions officers take the college essay seriously, and this little piece of writing could make or break your application. With the stakes this high, it can be extremely daunting to get started. Fortunately, there are strategies that will help […]
Read more >What’s the difference between unsubsidized and subsidized student loans? Well, the government covers the interest that accrues on subsidized student loans during periods of deferment. But it doesn’t typically help with interest charges on unsubsidized loans. Read on for a comparison of subsidized vs. unsubsidized loans so you understand how they’re different (and how they’re […]
Read more >What’s the difference between delinquency and default? Well, both refer to falling behind on your student loan payments. But default is more severe than delinquency, since it means you’ve missed payments for 270 days on your federal loans and could face wage garnishment. In this guide, we’re going to take a closer look at delinquency […]
Read more >If you’re feeling crushed by the weight of your student debt, it can feel impossible to see a way out. Fortunately, you might have the option to pause payments temporarily on your federal student loans through deferment or forbearance. Generally speaking, deferment should be your first choice if you have subsidized loans, but forbearance works […]
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