Fund Your Future
UPDATE: On November 22, 2022, the Biden Administration extended the payment and interest pause on federal student loans to no later than June 30, 2023, pending the outcome of legal challenges to the Administration’s proposed federal student loan debt cancellation measures. In early November, courts issued orders blocking the federal [...]
When you receive your award letter from your college of choice, you’ll see a couple of important numbers listed – the estimated cost of attendance (COA), and any financial aid for which you are eligible, such as scholarships, grants, and federal loans/work study. What is Cost of Attendance (COA)? The [...]
Should I choose a fixed or variable rate? Fixed Interest Rate A fixed rate loan is exactly as it sounds – the interest rate is fixed, or stays the same, for the entire life of your loan. Pros: You’ll know what your interest rate is and won’t have to worry about [...]
When delving into the world of private student loans, you may discover that many lenders mention a “co-borrower.” A co-borrower is someone who applies for the loan with you and is equally responsible for ensuring it is repaid. A private student loan will be held in your name as the [...]
Applying for a private student loan may seem confusing and intimidating, especially if you don’t have much experience handling personal finances. But with a bit of research and planning, you can make the process quicker and easier. First, remember that you should utilize scholarships, grants, and federal student loans before turning [...]
There is a lot of confusing language (and plenty of acronyms) when it comes to paying for college and financial aid. You may be surprised to know that "expected family contribution" or "EFC" is not necessarily the amount of money your family will actually end up paying your college. So [...]
The best way to pay for college is with FREE money (money you don't have to pay back once you graduate). This comes in the form of scholarships and grants. Grants are usually awarded through your college when you file the FAFSA. There are many sources of scholarship money, and [...]
If you're a college student headed home for winter break, your mind is likely on sleeping in, spending time with family, and opening gifts - not on tuition payments. However, second semester will be here before you know it. Many families have faced financial challenges over the past year and [...]
Is going to college and earning a degree really worth it? According to the U.S. Department of Labor Statistics, the answer is "yes." Earnings increase and unemployment rates decrease with education level. Their studies show: Workers with a bachelor’s degree had median weekly earnings of $1,305 in 2020, compared with [...]
If you’re making payments on private or federal student loans, or a combination of both, you may have considered refinancing or consolidating them. There can be numerous advantages, but when is the right time to refinance? You generally need to be in grace or repayment on one or more student [...]
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