Lucy Lazarony is a freelance personal finance writer. Her articles have been featured on Bankrate.com, MoneyRates.com, MSN Money and the National Endowment for Financial Education. Prior to freelancing, she worked as a staff writer for Bankrate.com for seven years.
She earned a bachelor’s degree in journalism from the University of Florida and spent a summer as an international intern at Richmond, The American International University in London. She lives in South Florida.
Am I Responsible for a Parent PLUS Loan or Is My Child?
A Parent Plus Loan is a federal loan that parents of undergraduate students can use to pay for college expenses. There are also Parent Plus loans for parents of graduate and professional students. You are responsible for repayment of a Parent Plus loan; not your child.
How Kevin Ha Paid Off $87,000 in Student Loan Debt in 2.5 Years
Kevin Ha, the Financial Panther, lived up to his name paying off his $87,000 in student loans from law school in two and a half years. After he graduated, he has one goal – to pay off student loan debt as fast as possible. He eliminated student loan debt by keeping expenses down, side hustles and refinancing student loans. Here is how he paid off his student loan debt and how you can, too:
How to Refinance Student Loans
The benefits of refinancing your student loans include the potential for a lower monthly payment, a lower interest rate which results in paying less money overall, streamlining multiple payments into one (making your loans easier to manage) and can also release a cosigner from your current loans. Here is what you need to know about refinancing your student loan.
Dealing With Student Loans When You're Unemployed
Dealing with student loan debt when you are unemployed is extremely stressful. But you do have options, and there is help available if you can’t find a job after graduation. You may be eligible for deferment or forbearance of your loans and calling your lender may lead to lower payments. Let’s take a look at your options if you are unemployed with student loan debt.