questions & answers

Should I Consolidate My Student Loans?

By College Raptor StaffLast updated on December 22, 2022

Consolidating private and federal student loans involves combining multiple loans into one. The consolidation is generally done through a new lender and the resultant loan is considered as a completely new loan with a different interest rate and different payment policy. You may be wondering, “should I consolidate my student loans?” Student loan consolidation is …

questions & answers

Should I Get A Summer Job Or Internship?

By College Raptor StaffLast updated on December 22, 2022

“Should I get a summer job or internship?” is an interesting question that high-schoolers are faced with. Both offer amazing benefits but they each have their downsides too. Whether a summer job or an internship is the right choice for you depends on what you are looking to get out of the experience. A snapshot …

questions & answers

How Do Graduate Students Qualify For Financial Aid?

By Hilary CairnsLast updated on December 22, 2022

Earning your Bachelor’s degree can be an exciting, yet scary, time. After all, you’ve worked hard to achieve all of this over the last four years, but now you have a choice. Search for a job or continue your education? Choosing education can be a bit frightening, due to the continued cost, but just like …

questions & answers

What is a Fellowship?

By Hilary CairnsLast updated on December 22, 2022

You’ve might have heard the word “fellowship” thrown around a bit here and there, but have you ever wondered what it meant? A fellowship is not quite a scholarship and it’s not quite an internship, but it can be similar to both. Here’s a rundown on what you need to know and how you can …

questions & answers

What is Student Loan Exit Counseling?

By College Raptor StaffLast updated on December 22, 2022

When you take out federal student loans, you are required to start paying them back through monthly payments, starting a few months after you graduate (if not sooner). For most student loan borrowers, the process of paying back their loans can be even more baffling than the process of applying for loans. What are the …

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What is a Master Promissory Note?

By College Raptor StaffLast updated on December 22, 2022

When you take out any loan, the lender will ask you to sign a promissory note stating that you agree to the terms and conditions of the loan, and that you promise to repay the loan with interest within the agreed time. This is no casual note. A promissory note is a legally binding contract …

questions & answers

Common Questions About Work Study Programs

By College Raptor StaffLast updated on December 22, 2022

Work study programs are need-based student aid programs that allow students with financial need to earn an income through part-time employment while they are still in college. The work study program is funded by the federal government. The aim of the program is to give needy students the opportunity to earn money that can be …

questions & answers

Can I Switch My Student Loan Repayment Plan?

By Allison WignallLast updated on December 22, 2022

Things change. What you started with might not be ideal for the situation you’re in now. This is true for life and for student loans. When you take out a student loan, you’ll agree to a certain type of repayment plan. However, as time goes on you might find that a particular plan doesn’t work …

questions & answers

What Is Student Loan Gap Financing?

By College Raptor StaffLast updated on December 22, 2022

Student loan gap financing refers to the financial aid that you still may need to acquire to pay for your tuition. After you’ve exhausted your scholarship opportunities, grants, work studies, and federal student loans, you may still need to borrow from a private loan lender to bridge this ‘gap’ in the financing. How To Obtain …

questions & answers

Should I Lower My Monthly Student Loan Payments Or Not?

By College Raptor StaffLast updated on December 22, 2022

When it comes to student loan repayment, there is no one way that works best for everyone. How much of your monthly payment you can afford to pay back depends on several factors, primarily your monthly income and the total cost of your rent and utilities. This can differ widely from one individual to another. …