Save Money Today on Your Student Loans
Transferring your Parent PLUS Loan to your child is a big move. As you retirement age approaches, though, there's definitely good reason to want your now-adult child to assume the debt for their education.
SoFi, a leading student loan refinancing lender, is one of just a few lenders that offers a fast and easy Parent PLUS loan transfers. Here, we'll walk you through the process to complete the transfer online.
Do you have a SoFi student loan? Did you know you can refinance that loan to a lower interest rate—either with SoFi or someone else? Well, you totally can.
And why would you want to do that? You can lower your monthly payments by over $250 a month by refinancing—or over $16,000 over the life of the loan. Here’s a look at refinancing—what it is, the benefits and drawbacks, and how to refinance your SoFi student loan.
Thinking about refinancing your Sallie Mae student loan to get a lower interest rate? You can't refinance a Sallie Mae loan through Sallie Mae--but there are lots of other lenders who will let you refinance. And it's a smart move--one that could save you a ton of cash. Here's what you need to know.
A lot of parents take out loans to help pay for their child’s tuition. And once your child has their feet under them, it may make sense for you to transfer that loan to them.
That’s easier said than done because the federal government won’t let you transfer that loan to your child’s name. But, lucky for you, there’s a workaround. Here's the scoop.
If you've been footing the bill for your child's student loans, it might be time to pass the torch and let your adult son or daughter take over the payments.
Whether that thought has you elated or terrified, there's something you should keep in mind: continuing to pay student loan bills long after your child has graduated could mean shortchanging your own retirement savings. And that can be a recipe for disaster for both you and your kids.
Ever wonder if your student loan lender is keeping something from you?
You know…one of those little white lies of omission. Something along the lines of “you could have a 4% lower interest rate on your student loans right now, if you played your cards right.” Harmless, right? Not really. Because that means you're paying a lot more than you should be.
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