student loans

What Factors Affect Whether You’ll Be Able to Refinance Your Student Loan After College?

By Veselina DzhingarovaLast updated on December 22, 2022

When you are planning to go away to college, one of the most daunting things can be facing student debt. For many people, student loans pay for tuition and cover their living expenses while they are students. This means that those who couldn’t afford it otherwise can get a higher education. It also means understanding …

student loans

The Difference Between Discharging a Loan and Loan Forgiveness

By Hilary CairnsLast updated on December 22, 2022

When it comes time to repay your student loans, you may be curious about the ways to either discharge (or cancel) or forgive your loan. While discharging and forgiving are both ways of “canceling” loans, they are, in fact, different from one another. Discharging a Loan It is quite difficult to get a loan discharged …

student loans

How Parents Can Help With Picking A Student Loan

By College Raptor StaffLast updated on December 22, 2022

Picking the right student loan can be challenging regardless of your age or the experience you have had dealing with finances and financial institutions. Imagine how much more difficult it must be for students who have had limited experience, or in some cases no experience at all with handling finances. Without any hindsight or familiarity, …

student loans

How Much Are The Federal Student Loans Worth?

By College Raptor StaffLast updated on December 22, 2022

If you are looking for the actual dollar amounts that you can borrow in federal student loans every college year, we’ve got you covered. Here’s a snapshot of how much federal student loan amounts are by year. Direct Unsubsidized Loan Limits for Dependent Students Freshman – $5,500 Sophomore – $6,500 Junior/Senior – $7,500 Graduate students …

student loans

Questions To Ask Yourself Before You Defer Your Student Loan

By College Raptor StaffLast updated on December 22, 2022

A student loan deferment is a temporary solution that allows you to stop making monthly loan payments for an agreed-upon period of time. This can be just the solution you are looking for if you are finding it difficult to repay your federal student loans and are at risk of getting into default. One of …

student loans

Should I Get A Fixed Or Variable-Rate Student Loan?

By College Raptor StaffLast updated on December 22, 2022

Is it better to get a fixed or variable student loan? One of the many decisions that you will have to make when choosing a loan is whether you should choose one with a fixed or variable rate of interest. And yes, it does make a huge difference to your monthly payments and to the overall …

student loans

Ways to Lower the Overall Cost of Your Student Loan

By College Raptor StaffLast updated on December 22, 2022

Most students in the US find that they have to borrow money to fund their college education. While taking student loans may be a typical part of attending college, it is important to look for ways in which you can lower the overall cost of your student loan. This means looking beyond the obvious factors …

student loans

Things To Compare / Contrast While Researching Student Loan Options

By College Raptor StaffLast updated on December 22, 2022

Choosing the right student loan is crucial. It will ultimately determine how much debt you graduate with, how much you have to pay back every month and how much accrued interest will add on to your total loan over the term of the loan. Unfortunately, choosing the right one from so many student loan options …

student loans

5 Questions To Ask Yourself Before Selecting A Student Loan

By College Raptor StaffLast updated on December 22, 2022

Student loans can be a real life-saver for students who need financial assistance to support their higher education dreams. However, in their eagerness to get the funds and start classes, many students end up making mistakes, which cost them a lot in the end. To avoid making these common mistakes, ask yourself these questions before …

student loans

How to Start Your Student Loan Search

By College Raptor StaffLast updated on December 22, 2022

If you’re looking to pay for your college education, student loans are a common way to go—after you’ve exhausted scholarships and grants, of course. But when it’s time to search for a student loan, where do you even start? FAFSA The best way to start your student loan search is by filling up the FAFSA …