The new income-driven repayment plan for student loans can be confusing. Here, we’ve broken down the plan into simple terms and outlined steps you may need to take. What is SAVE? Income-driven repayment plans are based on a borrower’s discretionary income, and not on the amount borrowed. Payments typically do not cover all the interest that accrues. After a specific …
Student loans have undergone quite a few changes over the last few years. Backtracked statements and moving rollout dates have only made the headlines more confusing. As a borrower, though, it’s important to keep up with these changes. Here, we’ve outlined the important changes you need to know about and included steps you might need to take to benefit from …
Hello, college, hello, money worries! College life brings a sense of independence that extends to personal finances. Being in charge of your own money can seem like an impossible challenge, but it doesn’t have to be that way. If the thought of managing your money in college is stressing you out, dig into these tips for some help! Create a …
College is a big investment, which is why it’s important to know your options, plan ahead, and choose wisely to pay for it. Most families do not have enough college savings to pay for four years of tuition, room, board, books, and other expenses, so financial aid will come into play. Directions can help you plan, and help you bridge …
College is a time for kids to take responsibility for their finances. Many college first-year students have had minimal experience dealing with money. Typically they come from living in a parent-controlled world where they have rules, and they know their limits. College offers a sense of freedom that could cause financial problems if not handled correctly. Credit cards and shopping …
You might approach your student loan the same way you approach those term papers: If you don’t think about them, they can’t stress you out. Unfortunately, just like those papers, you’ll eventually have to write, your student loan debt isn’t going anywhere. If you’ve borrowed the funds from a private lender, you likely need to start making payments toward your …
The holidays can be a bit different once you’re in college. Going home costs money, and you might find the family dynamic a bit different. It’s the jolliest time of year again, but everything’s different now. Instead of decking the halls with your family and counting down the days until Christmas together, you’ll be heading home just days before the …
