Fund Your Future
You’ve received your college acceptance letters – congratulations! If you’ve been accepted to multiple schools, one of the biggest determining factors for your final choice may be the out of pocket cost for each option. Along with your acceptance letters, you should receive an award letter outlining the financial aid [...]
Student loans may have helped you get the education needed for your future career, but making student loan payments can also be a pain point in your monthly expenses. Refinancing one or more of your loans could save you money and simplify your repayment. Before you determine where you should [...]
Figuring out how to best save up your money can be difficult to navigate with all the options set before you. One of the more immediate choices is between a bank or credit union, and you might be asking yourself, “What are the benefits of a credit union vs. a [...]
Did you know you can take advantage of special tax breaks just for college students and their parents? These benefits come in the form of tax credits and deductions when you file your income tax return. What’s the difference? A credit reduces the amount of income tax you have to [...]
Federal student loan forgiveness - will they or won't they? And when might repayment actually begin? If you hold federal student loans, you were likely eagerly awaiting the news that came on August 24, 2022, when the Biden/Harris administration announced up to $20,000 in federal student loan debt relief. However, [...]
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 [...]
Updated on 10/17/2022 The pause on federal student loan payments and interest has now been extended through December 31, 2022, and additional plans have been announced to cancel a portion of federal student loan debt. Throughout the moratorium (and even before), scammers have preyed on borrowers who have taken a [...]
We know you have big plans for post-college life. Whether you intend to start a small business or travel the globe, you need money to make it happen. Student loan payments could decrease the disposable income available for other financial goals. Fortunately, having a game plan to pay off student [...]
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 [...]
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