In recent years, the cost of higher education has been rising at an alarming rate. As a result, more and more students are taking out loans to cover the costs of tuition and fees. While loans can be a valuable tool for financing your education, they can also create financial constraints if not appropriately managed…. Read More
Income Sharing Agreements: A Different Way to Pay for College (as reported by Robert Farrington on forbes.com)
With college tuition and costs rising, students need a solution to pay – now more than ever. Luckily, a new kind of payment method is growing in popularity. It’s called an “income sharing agreement,” or ISA. Unlike traditional payment plans, an ISA doesn’t require students to take out loans. Instead, the program covers the student’s… Read More
6 Tips for Running a Business While Pursuing a Degree (Guest Post by SMBCompass.com)
Operating a business and ensuring that its profitability metrics are improving each quarter is already a big undertaking. If you’re also juggling academics at the same time, it brings the challenge to a whole new level. But challenging certainly does not mean impossible, and many notable founders who have built successful businesses did so… Read More
Preventing Bad Spending Habits After Graduation (Featuring Romario Nicholas)
It can be easy to fall into the pitfalls of bad spending habits. This point holds especially true in the case of college graduation. For most of us, this time is filled with tons of excitement and wonder. “Now that I’ve got my degree, the money will just start pouring in.” While there’s a chance… Read More
How One Student Tackled $51,000 in Student Loan Debt in Less Than 2 Years (Featuring Romario Nicholas)
Student loans. For about 70% of college-bound individuals, these are dirty words. But for most, they are also a necessity. The prospect of signing up for [potentially] decades worth of debt might not sound too appealing. However, the reality is that student loans are still perhaps the most realistic option for the majority of Americans… Read More
Student Loan Consolidation and Student Loan Forgiveness: Know The Facts (As Reported By Eric Lafleche on Empathize.com)
If you’re a current college student, or a recent graduate, you’re likely all too familiar with the associated costs. It’s no secret that attending an institution of higher learning, or even just trying to further one’s education, presents certain financial barriers. With the current COVID-19 pandemic upon us, the effects of these costs are further… Read More
Private Loans Are Another Option For College Students (Guest Post by LendEDU)
Have you exhausted all of your scholarship, grant, and federal student loan options, but still need help paying for college? A private student loan may be right for you. You can compare interest rates, repayment terms, and eligibility requirements of the best private student loan companies below. Having a good credit score or a creditworthy… Read More
Factors To Consider When Refinancing Your Student Loans (Guest Post from LendEDU)
If you are eligible for a lower interest rate than what you are currently paying on your student loans, refinancing usually makes sense as long as you aren’t dependent on federal benefits such as income-driven repayment plans and student loan forgiveness. LendEDU provides free resources, including a calculator, to help students and young professionals determine… Read More
Student Loans May Be Forgiven in Bankruptcy (as reported by Robert Farrington on www.forbes.com)
A common myth has it that student loans are not forgivable under any circumstance, including bankruptcy. But the truth is, though rare, some student loans are forgiven through the bankruptcy process. Prior to 1976, a person could discharge her student loans in bankruptcy without any problem. But as the total amount of student loan debt… Read More
Is Student Loan Refinancing a Good Idea? (Guest Post by Andy Kearns of LendEDU)
With 44 million student loan borrowers currently owing $1.5 trillion in outstanding debt, it’s safe to say student loan debt has reached a critical point in the United States. With its heavy cost, many borrowers are forced to delay major life milestones like starting a family, buying a home, or saving for retirement. As more… Read More