Christy Rakoczy

Many parents borrow to help their children fund the cost of college but ultimately want to transfer the student loans to their kids. Unfortunately, this isn't always easy, although it can be doable under the right circumstances.

If you need to borrow student loans for college, federal student loans are a better option than private student loans in most cases. Federal student loans offers several benefits including the potential for forgiveness, deferment options, and payments based on income. Here is how you can apply for federal student loans to pay for college.

Pharmacists may be eligible to have their student loans forgiven. Depending on their job and type of student loan, pharmacists could have some of their student loan debt forgiven by meeting other criteria.

The coronavirus pandemic is frightening for everyone but parents especially have a lot to worry about – including what happens if they get sick and can't take care of their children. It's imperative that moms and dads are as prepared as possible in case things go wrong, which means taking these key money steps.

Losing your job can affect every aspect of your financial life – including your ability to pay student loans. The good news is, relief may be available. If you have federal loans, you can apply for unemployment deferment to pause payments. Some private lenders also offer an unemployment deferment, too.

A Federal Stafford Loan is a student loan issued by the Department of Education. There are two kinds of federal Stafford Loans: Subsidized and Unsubsidized Loans. Each is offered through the William D. Ford Direct Loan Program. As a result, Federal Stafford Loans are often called Direct Loans. Learn how Federal Stafford Loans work, how to apply and the difference between subsidized and unsubsidized student loans.

If you have federal student loans, you may want to consider a Direct Consolidation Loan. This is a loan from the Department of Education that you use to repay one or more existing educational debts. most federal loans are eligible including Perkins Loans, Stafford Loans, FFEL Loans and Direct Loans. Here is how to consolidate federal student loans.

Refinancing student loans could potentially lower your interest rate, saving you money. But there are also drawbacks to refinancing student loans. Here are the most common questions asked about refinancing student loans.

With U.S. student loan debt totaling over one trillion dollars, it's no shock that borrowers are seeking relief. For some, there could be an option for having student loans forgiven, depending on your job. First responders, such as police officers, EMTs and firefighters, could qualify for student loan forgiveness. Here is how first responders could get their student loans forgiven.

Dental school is very expensive. The average student loan debt for graduating dentists is $285,184. Fortunately, there are many ways dentists can receive student loan forgiveness. Depending on where you work and the nature of your work, here are ways dentists can get their student loans forgiven.

There are ways you could get your student loans discharged. The seven types of student loan discharge include bankruptcy, closed school, identity theft, unpaid refund, false certification and discharge for 9/11 victims.

There are many ways to give back to your community through volunteering. And, in some cases, you can get rewarded for helping others by getting a little help with your student loans. In particular, if you join the Peace Corp or volunteer with AmeriCorps, there are loan forgiveness options available to you. Here is how to get student loans forgiven by volunteering.

Student loan forgiveness and repayment programs exist for many professionals who serve the public. Current members of the military as well as veterans have undoubtedly chosen a career that qualifies as public service. As a result, there are many options available for military to get help repaying student loans.

Doctors and other healthcare professionals do rewarding work, often saving lives. But the cost of becoming a doctor or medical professional is often astronomical. The average cost of one year of medical school at a public institution was $37,556 for residents and $62,194 for non-residents, which often means carrying student loan debt. Fortunately, there are ways doctors and healthcare workers can get their student loans forgiven. Here are the options for student loan forgiveness for doctors and healthcare professionals.

Becoming a veterinarian is expensive and can result in student loan debt. Fortunately, depending on your job and your student loans, you may be able to qualify for student loan forgiveness for veterinarians.

Nursing can be a rewarding and lucrative profession but the cost of actually becoming a nurse can be high – especially among nursing professionals who complete advanced programs. Fortunately, there are ways nurses can get student loans forgiveness.

Becoming a lawyer is very expensive, and most students who attend law school must borrow to pay their tuition bills. In fact, the most recent data from National Center for Education Statistics revealed average loan balances for law students graduating in the 2015-2016 school year was $145,500. Fortunately, lawyers may be able to get their student loans forgiven.