The choice of small, unsecured consumer loans is a surprising market for Goldman to target given that many other areas of online lending would seemingly play into Goldman's business strengths, be more synergistic and likely reap higher returns.
Student loan refinancing is a great way to potentially save you money and lower your monthly payments. Refinancing is the process of consolidating your existing loan(s) into a new loan with a lower interest rate and a different term.
Question: Dear Steve, My husband and I have $260,000 in student loan debt, we've paid $35,000 toward this debt in the last 5 years and it's gone up ...
Well you can rest assured you will not be arrested when coming back to the U.S. to visit friends and family. It's just not in the purview of U.S. Customs and Border Protection to screen people for bad debts. If they did, imagine the lines.
It's a great question, and you should start by really understanding whether you have a healthy level of student loan debt. Then, even though there's no "right" answer for every scenario, you can choose from a few different options in order to make the best choice for your personal situation.
Receiving a bill from several lenders each month is intimidating and not always the best way to pay off your student debt. Private student loan consolidation can combine all of your student loans into one loan, with one interest rate, and one monthly payment.
There are two different loan rates to choose from when financing student loans: fixed and variable. Fixed loans have their interest rates locked in for the life of the loan. A variable loan has an interest rate that fluctuates.
Elizabeth Warren has been a vocal proponent for college affordability and student loan reform since her election to the U.S. Senate. As Senator, she has used her fierce persistence and knowledge of the finance industry to advocate on behalf of student borrowers.
A federal loan consolidation works differently than private loan consolidations. With a federal loan consolidation, all of your eligible federal loans are combined into one loan with a lower monthly payment. Borrowers can consolidate their loans after they graduate, leave school, or drop below half-time enrollment.
Repaying medical school loans can be a long and tedious process, but if you are proactive about your loans you can save thousands of dollars over the course of your repayment.
Student loans are an incredible problem in the United States. Today, $1.2 trillion in student loan debt is held by college graduates nationwide. The rising costs of higher education, alongside easy access to financing, has made student loans a common tool for paying for college.
If you are unsure if you meet the requirements to reduce your interest rate and simplify your repayment a private consolidation, here is a checklist of items from Credible on how to get the best offer possible.
We, just like Victor Frankenstein in Mary Shelly's great novel, had all good intentions. Increasing college access and affordability for students less able to pay, by making federal grants and low-interest loans available, seemed like the right thing to do.
At CommonBond, we get a lot of questions from student loan applicants who are concerned about how applying for a loan will affect their credit.
As "Pomp and Circumstance" plays on graduation day, you'll probably reflect on how much you learned in the classroom and the successful career college has prepared you for. But chances are your school didn't include real-world financial tips for new grads as part of its curriculum.
When it comes to saving and investing for retirement, many recent grads opt to put it off in favor of repaying their loans first. Between living expenses, student loans, and recreation, it's tough for young adults to find any money left over to invest in their future.