Новости за 15.02.2024

When you refinance your student loans, a private lender pays off your current loans and replaces them with a new loan, which includes new terms. Typically, you can choose the type of interest rate on your refinance loan—fixed or variable.  Fixed interest rates remain unchanged throughout the loan term, so your monthly payment is consistent. […]

Figuring out how to cover the cost of college for yourself or a loved one can be challenging. If you’re looking for a way to specifically set aside funds for college, a 529 plan is a great option. One of the standout features is the substantial tax advantages they bring.  These plans provide a tax-free […]

Refinancing a private parent student loan or Parent PLUS loan could save you money if you qualify for a lower annual percentage rate (APR). Some lenders even allow you to transfer the debt into your child’s name. But refinancing isn’t the best solution for everyone. For example, you should consider alternatives if you have a […]

Student loan forgiveness means that your debt is forgiven or removed. The federal government offers various programs that allow borrowers with eligible federal loans to earn forgiveness through specific employment or income-driven repayment plans.  You no longer owe the debt once you complete the process—which usually takes five to 25 years. You might have to […]

You may have heard that refinancing your federal student loans can come with drawbacks, which is true. If you refinance your federal loans, you’ll give up some special protections and benefits from the U.S. government. Given this, you might hesitate to refinance if you have federal and private student loans. But you don’t need to […]

Student loan refinancing refers to paying off multiple existing student loans (private or federal) with a new private student loan. Borrowers sometimes choose to refinance their student loans to get a lower interest rate or longer repayment terms, both of which can result in lower payments. Even so, remember that student loan refinancing isn’t a […]

Federal loan consolidation can simplify repayment on your federal student loans by combining multiple loans into one. It can also extend your repayment terms, lower your monthly payments, and open up access to certain repayment plans.  But consolidating student loans isn’t the right move for everybody. Potential downsides of consolidating student loans include increasing your […]