If you have student loans, you've probably seen claims by companies that claim they can reduce your loan payments, pay your loans down quickly, or eliminate your loans altogether.
Unfortunately, some things are too good to be true. But considering that some legitimate companies do exist to help you pay down your debt, how can you tell the difference?
An article featured in USA Today shows why letting daily expenses get in the way of retirement savings is a big (and common) problem. The issue: the later you start saving, the harder it will be to comfortably retire —or to retire at all.
The piece, which cites research conducted by Comet, shows that over 40% of Gen Xers and Baby Boomers have not started saving retirement.
You’re probably grateful that student loans helped fund your education—but now you’d be even more grateful if that debt would loosen its grip on your finances.
One way to instantly change your financial outlook in terms of student loans is to refinance. In fact, many people reduce their monthly payments by over $200 a month, and save close to $20,000 over the life of their loans.
Do you know the difference between consolidating and refinancing your student loans? If you don’t, you’re not alone.
The two words are often used interchangeably and, we admit, they have somewhat similar meanings. However, they can have a very different impact on your student loans.
Let’s just come right out say it: some of the jargon associated with refinancing your student loan can be tough to get your head around.
But here’s the good news: refinancing isn’t nearly as complicated as you might think. In fact, it’s possible to apply and even get a conditional acceptance in less than an hour.
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