Tag Archives: student loans

Should You Pay Off Credit Cards or Student Loans First?

Should you pay off credit cards or student loans first

Should you pay off credit cards or student loans first? At first glance the answer to this question might seem like a no-brainer, but there are a few factors that need to be considered. So before we can accurately answer this, let’s look at all the pros and cons, along with what other financial experts have to say. Here are…

What Is Income-Based Repayment of Student Loans?

The crazy thing about student loans is that… you have to pay them back. Who knew? Of course, we all know that the loans have to be paid off eventually. But when you’re in school, the prospect of paying them off sometimes feels abstract and distant. You know that someday you’ll be making those monthly payments, but in the meantime…

What’s Your Experience With Private Student Loans?

  Are you one of the millions of college graduates struggling to pay off a private student loan while searching for promising career opportunities in this tough economy? Or maybe you’re a parent of a college graduate, or a high school Senior trying to navigate your way through the maze of student loan paperwork. No matter what your experience with…

You’re Already in Student Loan Debt… Now What?

Student Loan Calculator

If, like 58.8% of college graduates, you’ve found yourself in student loan debt, you’re likely feeling overwhelmed and burdened by the amount you owe. Not to mention intimidated by the horror stories of graduates who can’t find work and are unable to make their loan payments. Where do you even begin?

Are You a Binge Shopper?

Whew, we made it to Friday — hope your week included lots of satisfying work, some time for relaxing, and above all, no debt! Before the weekend is upon us, we wanted to discuss a few things that have been in the news this week that might relate to you and your financial goals.

The Myth of Minimum Payments: They’re Sneakier than You Think

What are Minimum Payments? Almost everyone knows about minimum payments — they’re the amount you have to pay your credit card company (or lender) each month — but few of us stop and think about how those monthly amounts are calculated or understand the “myth of minimum payments.” In fact, you probably don’t know that minimum payments are strategically calculated…

What if You’re Not Ready to Pay for College?

Go to high school. Go to college. Get a job. This is the “traditional” path we’re told to aspire to. But is it the right path for everyone? That depends on many factors, but for a lot of high school graduates the most serious obstacle to following this path is the high cost of higher education — for some people,…

Major Pains

Do you remember being asked the age-old question, “what do you want to be when you grow up?” You were probably five years old the first time you were prompted, and undoubtedly hell-bent on becoming a unicorn surfer pilot. Years later you learned that life is not quite so black and white… or glittery. You probably began to feel some…

Graduates Drowning in Average Loan Debt of $25,000

A report published today says ⅔ of last year’s college graduates had student loans, and among them the average student loan debt was a whopping $25,250!  (And that’s not even including students at for-profit universities, who are likely to have hefty loans) Which means a whole cohort of young people — who pushed themselves to get ahead by obtaining a…

4 Differences between Private and Federal Student Loans

Is the cost of college on the rise? You probably already know the answer to that question! But the exponential rate at which college cost is increasing may shock you. According to the National and Regional Trends in College Tuition study published by DePaul University in 2001, when taking inflation into account “the average tuition of the nation’s 4-year public institutions increased…