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Is federal student loan consolidation or refinance an option?
questions & answers

Can You Refinance and Consolidate Federal Student Loans?

By Hilary CairnsLast updated on December 22, 2022
When it comes time to pay off your federal student loans, you may find yourself overwhelmed. Many who have either graduated or left school ask if it’s possible to refinance or consolidate these debts. So, is federal student loan consolidation or refinancing an option? Yes, You Can Refinance and Consolidate Your Federal Student Loans! Yep! …
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Can You Apply for a Student Loan Any Time of the Year?

By Morgan StaubLast updated on December 22, 2022
These days, the vast majority of college students have to take out loans of varying amounts in order to pay for their education. In 2016 70% of graduates left school with outstanding loans with an average debt of $37,000 apiece. It’s pretty clear that if you’re concerned with paying your tuition, you’re not alone. Loan …
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What Happened to the Perkins Loan?

By Morgan StaubLast updated on December 22, 2022
On September 30, 2017, after sixty years of operation, the Federal Perkins Loan will cease to exist. The program’s shutdown has been in the works for sometime. Originally, the death of the Perkins Loan was scheduled for two years prior, September 30, 2015, but a piece of legislation, the General Education Provisions Act, extended its …
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Is There A Bright Side To Student Loans?

By College Raptor StaffLast updated on December 22, 2022
The thought of graduating with a mountain of debt can be more than daunting. It can be frightening. Is it really worth taking all those loans just to get a college education? Is there a bright side to student loans that makes it worth it? The truth is, there are benefits to taking student loans, …
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Do Early Student Loan Payments Have Additional Fees?

By College Raptor StaffLast updated on December 22, 2022
Paying back your student loans early is often recommended as one of the best ways to  lower your overall debt. But there is some confusion as to whether doing this can attract additional fees. Here’s some clarification on this issue. Borrowers’ Fees Before 2008, private lenders could use their discretion and impose a penalty on …
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What Is Economic Hardship Deferment?

By Ellen AndersenLast updated on December 22, 2022
Economic Hardship Deferment is a student loan borrower protection. It allows borrowers to temporarily defer payments toward their loans. If the borrower has a subsidized loan, it will not accrue interest throughout the deferment period. Deferment periods are taken in one-year increments, up to three years total. This deferment plan is only eligible to people …
Which Is Better: Fixed Rate Or Variable Rate Loans?
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Which Is Better: Fixed Rate Or Variable Rate Loans?

By College Raptor StaffLast updated on December 22, 2022
As you’re applying for college, you’ll most likely end up looking at student loans. Student loans are complicated enough, but what about the accompanying interest rates? Fixed rate and variable rate loans are another factor to look into before deciding on a student loan. The basic concept behind a fixed rate and a variable rate is …

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