Not to be confused with consolidating a loan, when you refinance a loan, new lender effectively pays back your old loan and you get issued a new loan at a potentially lower interest rate, with a lower required monthly payment.
Today's students of limited means don't have the guides, networks or support, and they sometimes go to colleges they can't afford, where they struggle, fail and leave (with debt).
As the role of women expands and becomes increasingly important in the business world, it is essential for their perspectives and ideas to be reflected in the highest office in the land.
Congress brought out their knives and spears this year to fight over the interest rates you have to pay on your college loans. Those in favor of lower rates said they were coming to your rescue. Forget it. You are still sinking. "It's the principal, stupid!"
If you strategize and prioritize correctly, you really can be rich in your twenties.
Start off the New Year right. Forget making resolutions you know you will break. If you're a college student -- or the parent of a high school senior, or college student -- New Year's Day is about more than bowl games.
College students are paying more for their education each year, but are they really getting more for their money? While the number of college graduates in the U.S. steadily grows each year, they are reporting themselves to be unemployed and underemployed in higher numbers.
It is a legitimate question to ask if student debt may soon disappear as a result of default and forgiveness. Ultimately, taxpayers may want to support students with upfront grants rather than to suffer losses from forgiveness.
College is no longer affordable, but it is even more necessary to increase our standard of living as individuals, and as a country. Thanks to American Honors and the participating community colleges and prestige universities, all that is changing.
Normally about eight percent of Morehouse students who pay a deposit to attend do not enroll, but that number doubled to 16 percent, in part, we believe, because of the new loan rules.
If we're really interested in paying off debt, growing a savings account, purchasing a house, or going to college without loans, we have to be willing to put our money where our mouth is.
The end of December is traditionally a time when high school seniors and their parents sit down for a serious conversation about college. As they debate the merits of various colleges, there is one question that inevitably comes up: Can we afford it?
Next up is taking a serious look at the financial end of your child's higher education. Regardless of your income, you will need to determine whether or not you can afford to send your child to each individual college.
Every week, Amanda Munster marches into the grocery store on a mission: save enough money to buy a house. The 26-year-old digital marketer lives in D...
If the average twenty-something has somewhere around $25,000 of debt to their name, then I must be a highly unique member of the millennial generation. I graduated from Kennesaw State University, a fast-growing school in the suburbs of Atlanta, in 2011. It was the same year that the total amount of student loan debt in the U.S. reached a whopping $1 trillion, but when I graduated, I did so as a completely debt-free individual.
It's not a time to point fingers at the other guys and blame them for their supposed past sins. If you haven't yet noticed, millennials are a pretty savvy generation and, as this poll shows, they're damn tired of being told to blame the other party for the problems that both created.