Save Money Today on Your Student Loans
Since graduating from college, you may have buckled down and gotten serious about your finances — improving your credit score by paying your bills on time and establishing a good history of stable employment.
Unfortunately, this doesn't change your terms for the student loans you borrowed years earlier. While it may not have occurred to you, you may be paying too much for you student loans, and you may be eligible for better interest rates or a lower monthly payment through refinancing.
No one would say that going through a divorce was a particularly pleasant time in their lives. Along with the emotional strain, there's the logistical headache of who gets what. And while you may both be working to hold onto as many assets as possible, it's safe to assume that neither of is reaching for the marriage's debt.
So who will get stuck with the short straw? Navigating student debt liability during a divorce can be challenging, so we're sharing the answers you need most.
Social media hasn't made being an adult any easier, but it has increased the possibility that you'll find someone else who's having just as hard a time as you are.
Saying that adulthood isn't all it was cracked up to be (I'm looking at you, student loans) is the understatement of the century, so it's nice when you can find people who bring humor to the everyday grind of being a grown-up.
If you’re in medical school, chances are you’ll accumulate six figures in student debt before you earn a dime in your new career.
And for several years after school, you’ll be working a medical residency that pays far less than you’ll earn as a full physician—the average is around $51,000-$60,000 per year. Meanwhile, your student loan debt is hanging above your head.
So you've made the decision to transfer your Parent PLUS Loan to your child. That's great news! Many parents choose to do so in the years after their child graduates. That's because while the payments may seem doable at first, it's sometimes difficult to pay off the debt over time, particularly as you reach retirement age.
However, not all lenders allow you to transfer your loan burden to your child. Laurel Road is one of the few exceptions. Let's take a look at their application process.
If the 30-something self you imagined as a child was wildly famous, threw awesome parties, and had tons of cash to spare, your student loans might be putting a tiny cramp in your style.
Of course, sporting both celebrity status and a hefty student loan balance isn't unheard of. In fact, some of the folks you'd probably like to mob for an autograph were (or still are!) in the same boat.