questions & answers

What Are Student Loan Borrower Protections?

By College Raptor StaffLast updated on December 22, 2022

Choosing to borrow money to go to school is a big decision. You may have several loan offers to choose from, many of which may sound very attractive. Before you choose any one loan, however, it is important to make sure you are aware of your rights and the student loan borrower protections available to …

questions & answers

What Happens if I Refinance or Consolidate My Student Loans?

By College Raptor StaffLast updated on December 22, 2022

Refinancing and consolidation may be smart solutions when you are looking for ways to renegotiate the terms of your loan, lower monthly payments or reduce the loan interest rate. However, this may not be the best decision for everyone. Interest Loan Rates All student loans come with different terms and interest rates. These will change …

questions & answers

How Do You Get Out of Student Loan Default?

By Allison WignallLast updated on December 22, 2022

Well, the best way to get out of student loan default is not defaulting on your student loans in the first place. However, if you have already defaulted on your federal student loans, there are ways to get out—in fact, there are four major options. Pay Off the Loan in Full Let’s start off with …

questions & answers

What are Competitive Student Loan Interest Rates?

By Allison WignallLast updated on December 22, 2022

You may have heard the term “competitive interest rates” while browsing around for a good student loan option. But what exactly makes an interest rate competitive? Interest Rate Percentage The percentage of the rate isn’t the only factor that makes a rate competitive. If Company A offers a loan with a 2.65% rate, and Company …

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Should You Take Out More Than One Student Loan?

By Morgan StaubLast updated on December 22, 2022

A vast majority of college students find themselves forced to take out student loans in order to get through school. As tuition rates are at an all-time high, you’re probably feeling the stress of trying to pay your way through college. It’s possible that, like many students, you’re considering taking out more than one loan …

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What are “Hybrid Rates” for Student Loans?

By Morgan StaubLast updated on December 22, 2022

So you’ve graduated high school, and before you can stop Green Day’s “Good Riddance (Time of Your Life)” from playing on repeat in your head, your parents have approached you to have a conversation about student loans. It’s time to get down to business. If you have no idea how to approach the topic, don’t …

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What is Fixed-Rate Tuition?

By Morgan StaubLast updated on December 22, 2022

If you’re headed off to college for your freshman year, you have to be prepared for an avalanche of new challenges, most of which are unlike anything you’ve faced before. For many students, the college experience is the first time they’ve stepped away from home for more than a short summer, and, in turn, the …

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What Exactly Is an Installment Loan?

By College Raptor StaffLast updated on December 22, 2022

Most loans fall under two main categories—installment loans and revolving lines of credit. When researching student loans, you will often read that they are considered as installment loans. Here’s what you need to know about them and how they work. How Installment Loans Work With installment loans, the borrower borrows a specific amount of money …

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Are Student Loans Taxable?

By Morgan StaubLast updated on December 22, 2022

Like the vast majority of college students, the student loan process is probably your first introduction to the complex world of borrowing, lending, taxation, and repayment. When you first look at the numbers you’ll eventually be responsible for paying back, you might feel a bit overwhelmed. College tuition is expensive, the costs are only rising, …

questions & answers

Which Student Loans Should You Pay Off First?

By Morgan StaubLast updated on December 22, 2022

Prioritization is one of the most important skills you’ll cultivate throughout your college career. Because of time constraints and finances, you’ll have to determine what is most important to you, and accomplish your tasks in an appropriate order. Simply put, if you want to go to a party on a Thursday night, you better make …