Save Money Today on Your Student Loans
While the process of applying to refinance your student loans isn't particularly time-consuming, you'd probably rather not spend the half hour collecting documents and filling out paperwork if you think your application will be denied.
One of the best ways to increase your chance of successfully refinancing your student loans is to apply with a cosigner.
If you have a graduate degree in a medical field, there's a good chance that along with a drawer full of scrubs and the ability to name every bone in the body, you're in possession of a significant student loan balance.
Medical professionals have the highest average student debt load among individuals who earn graduate degrees: $161,772. And if you put your loans into forbearance during your residency, that number might be even higher.
Paying off your student loans before you're retired may feel like a pipe dream. So what can you do about it?
It’s a question most of us ask ourselves at one point or another: “How am I doing financially compared to my peers?” While you can’t necessarily base the health of your finances on your friends' bank statements, it's a natural instinct to want to know how you measure up.
And if you happen to be a Millennial, you know how closely the world is watching you, especially when it comes to your career and finances.
In a perfect world, you'd be able to make your student loan payments on time every month. In fact, you'd pay extra.
But in reality, all of us can find ourselves with less cash than we need to pay the bills. If you've been struggling for long enough that your student loans are in default, you're probably looking for a way to get back into compliance with the terms of your repayment plan. Student loan rehabilitation may be your answer.
If you're planning to go to medical school, you're probably also planning to take on signficant student loan debt. The question is, is the debt worth it?
There’s no question medical students are going further and further into debt. From 1992 to 2017, medical student debt went up a whopping 123.4% — rising from an average of $87,297 in 1992 to $195,000 in 2017.