Blog

Once again, women find themselves on unequal footing. This time, it’s student loan debt.

A recent report, Deeper in Debt: Women and Student Loans, by the American Association of University Women (AAUW), found that student loans are burdening women disproportionately. Women of color, low-income women, and female students who drop out before getting their degree suffered to an even greater extent.

Everyone dreams of running away now and again.

Some people go full-on digital nomad. They wander the world, untied to a regular place of employment, and make money through some mysterious alchemy—or, you know, they do freelance work.

Raise your hand if you'd like to increase your student loan balance. Yeah, I didn't think so. 

Unfortunately, many borrowers do exactly that without realizing it when they take advantage of federal programs like income-driven repayment plans, forbearance or deferment. Why? Interest capitalization. 

When you’re using your credit or debit card for all of your purchases, it’s easy to overspend. You might have a set budget, but there’s nothing in place to physically stop you from going over your limit.

Cash feels more real and tangible than the swipe or tap of a card. It feels more painful to spend it—and when it’s out of your wallet, it’s gone. You know automatically when to stop spending, because you literally can’t spend any more.

Many of us have been in a position where asking for help with our finances seemed like the only way to get out of a pinch. And as difficult as it may be to lean on someone else for support, there are times when it’s a necessity. 

If the bills are stacking up and you’re running into problems refinancing your student loans, you might be wondering if you’ll ever get out of debt. While it might not feel like it right now, there is a way to get some relief — even if you can’t refinance on your own. 

** New entry deadline of July 29, 2018

It's something many of us have joked about: If we could win the lottery and wipe out all of our student loan debt at once...

Well now, one of our lender partners, Education Loan Finance (ELFI), is offering that chance — and you don't even have to buy a lottery ticket.