student loans

What You Need To Know About the REPAYE Student Loan Program

By College Raptor StaffLast updated on December 22, 2022

REPAYE stands for Revised Pay As You Earn. Pay As You Earn or PAYE was one of the payment options offered by the US Department of Education. According to this plan, borrowers paid a percentage of their income as their monthly loan payment. The advantage of the PAYE program was that it helped borrowers get a …

student loans

The Troubling Connection Between Women and Student Loan Debt

By Hilary CairnsLast updated on May 30, 2024

There are a lot of statistics you can look at when it comes to student loan debt, but you may be surprised to learn that there is a big gap between men and women’s debt. Women actually tend to have more student loan debt than men. There are a few reasons behind this, but there …

student loans

The Benefits Of Signing Up For Student Loan Auto-Pay

By College Raptor StaffLast updated on December 22, 2022

When you sign up for auto-pay you are in effect giving the bank permission to withdraw money from your bank automatically to make your monthly student loan repayments. Benefits to Student Loan Auto-Pay Choosing auto-pay has several benefits. The first is the sheer convenience of knowing that your payments will be made for sure every …

student loans

3 Major Benefits Of Paying Off A Student Loan Sooner Rather Than Later

By College Raptor StaffLast updated on December 22, 2022

Many students don’t worry about their student loans until about six months after they graduate. Deferring your student loans and paying them back at a later date is an option that works for some, but there are definite benefits to paying off a student loan sooner rather than later. Below are a few reasons why …

student loans

How To Track Your Student Loan Repayment Progress

By College Raptor StaffLast updated on December 22, 2022

As graduation nears, life can get really hectic. You spend time looking for a job and housing. You’re generally trying to fend for yourself. In all of this, it is easy to lose track of where you are at with your student loan repayment progress. Unfortunately, lenders are not very forgiving. One late payment and …

student loans

Interesting Student Loan Statistics

By Hilary CairnsLast updated on March 20, 2023

A look at some of the main student loan stats offers some interesting insights into the real picture of student loans. For example, for several years in a row, student loan debt has held the dubious distinction of being the second-highest consumer debt category. The leading consumer debt category has consistently been mortgages. Here are …

student loans

What You Need To Know About Student Loan Interest Rates

By College Raptor StaffLast updated on December 22, 2022

Understanding student loan interest rates is the key to making smart borrowing decisions. Here’s a simple example that will demonstrate how your student loan interest rate can add dollars to your debt. Let’s say you graduate with an average of $40,000 in student loan debt. A 4.5% rate of interest, which is the rate for …

student loans

Student Loan Tip: Calculate Your Loan-to-Income Ratio

By College Raptor StaffLast updated on December 22, 2022

One of the many factors you should take into consideration before taking a student loan is your loan-to-income ratio. This is the ratio of your monthly debt to your gross monthly income. Of course, this strategy only really works if you have an idea of what career you plan to follow, or if you know …

student loans

Questions To Ask Yourself Before You Sign For A Student Loan

By College Raptor StaffLast updated on December 22, 2022

There are several mistakes you could potentially make you take out student loans. You could borrow too much… borrow too little… take the wrong type of loan… the list could go on. Unfortunately, any mistake you make with your student loan will have long term repercussions that could set you back after you graduate. Asking …

student loans

The Basic Process Of Getting A Student Loan

By College Raptor StaffLast updated on December 22, 2022

If you are planning on applying to college, chances are you will end up having to borrow money to fund your higher education. Understanding the process of getting a student loan, from the time you apply to the time you actually receive the funds is important so that you do not make any expensive mistakes. …