student loans

Signs that You Should Consolidate Your Student Loans

By Morgan StaubLast updated on December 22, 2022

If you’re headed off to college, chances are good that you’ve decided to take out student loans (check out our guide to student loans here). More than half of all US undergraduate students receive some form of financial aid, with this number climbing sharply. Student loans have become a rite of passage for many undergrads, …

student loans

Questions To Ask Yourself Before You Decide To Refinance Your Student Loans

By College Raptor StaffLast updated on December 22, 2022

Most reasons to refinance your student loans are valid. It allows you to lower your interest rate, which will in turn reduce the monthly payments you have to make. Refinancing can also allow you to negotiate newer and more favorable terms for your student loans. So, it does make sense to go ahead and refinance …

student loans

How to Pick Between Student Loan Lenders

By Morgan StaubLast updated on December 22, 2022

So, you’re heading off to college. You’ve also deduced that you need to take out a student loan in order to make it work financially. You’ve heard all the horror stories and you know all the statistics. You’re aware that there’s over $1.3 trillion in total student loan debt spread over 44 million graduates, and …

student loans

How to Use Student Loans to Build Good Credit

By College Raptor StaffLast updated on December 22, 2022

Incredible as it may sound, student loans can do much to help you enhance your credit score and credit history. When carefully and sensibly handled, your student loans can help you qualify for your first car loan, first apartment, and even your first credit card. According to finance experts, time and consistency are the two …

student loans

Do Your Student Loans Affect Your Approval for Other Loans?

By College Raptor StaffLast updated on December 22, 2022

Unfortunately, there’s no one clear answer to this question. Whether student loans affect your other loan approvals ultimately depends on your debt to income ratio at the time of applying for the loan. When creditors try to determine if they should loan you money, they look at your debt to income ratio among other indicators. …

student loans

What You Should Use Your Student Loan Money For

By College Raptor StaffLast updated on December 22, 2022

Your student loan money is primarily meant to pay off certain expenses. These include: College Tuition The majority portion of your loan will go towards your college tuition and fees. Prioritize this above all else. Accommodation & Meals Though significantly lower than college tuition, the second largest chunk of the loan amount will go towards …

student loans

What Are Student Loan Borrower Limits?

By Allison WignallLast updated on December 22, 2022

When you go to take out a loan, you can’t just take out as much as you want. There are limitations in how much money you can receive. Each type of student loan—whether it’s private or federal—will have some sort of borrower limit. The amount will vary from loan to loan, or even circumstance to …

student loans

What Is Student Loan Delinquency?

By College Raptor StaffLast updated on April 10, 2024

A student loan delinquency occurs as soon as you miss a payment on your student loan. Delinquency on federal student loans are reported to credit bureaus after 90 days of non-payment. Delinquency on private student loans are reported to credit bureaus after 30 days on non-payment. Being delinquent refers to a situation in which a …

student loans

The Pros And Cons Of Consolidating Student Loans

By College Raptor StaffLast updated on December 22, 2022

College may be over and done with (or nearing it), but your student loan balance is far from. Graduation day, in fact, marks the beginning of our real journey towards financial freedom, and it all starts with paying off your debt. It can be bewildering at first as you try to figure out how to …

student loans

Pros And Cons Of Student Loan Forgiveness Programs

By College Raptor StaffLast updated on December 22, 2022

Student loan forgiveness programs are introduced by the federal government and only apply to federal student loans. These programs are one of many benefits associated with federal student loans. These programs help you to clear your debt completely and save thousands of dollars in interest. However, it’s not that simple or straightforward. No lender, not …