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Save Money Today on Your Student Loans
If a genie showed up on your doorstep and promised to grant you three wishes, it’s a pretty good bet that one of those wishes would be to make all of your student loans magically disappear.
Unfortunately, we can’t clear your balances with the snap of our fingers. (We would if we could. We promise.) But we can tell you about all the options you have to get those loans forgiven.
Did you take out a Parent PLUS Loan to help fund your child’s education?
If so, you can certainly be forgiven for wanting to transfer the loan from your name to your child’s. On average, parents who take out PLUS loans owe about $120 a month for every $10,000 borrowed for their child’s education
Want to improve your finances in the New Year? You aren’t alone. Financial resolutions are among the most common, with people resolving to get out of debt, save more money, and clean up their spending.
But “spend less” and “save more” may not cut it. Most people don’t keep their New Years resolutions—not from lack of willpower, but because they don’t have concrete ideas about how to keep them.
If you’re struggling to make your monthly student loan payments, you may be considering ways to lower them. By refinancing for a lower interest rate or a longer payment term, you could reduce your payments to a more manageable number.
Of course, you might benefit from refinancing your student loans even if you don’t have trouble making your payments.
