Zina Kumok is a freelance writer specializing in personal finance. A former reporter, she has covered murder trials, the Final Four and everything in between. She has been featured in Lifehacker, DailyWorth and Time. She paid off $28,000 worth of student loans in three years. Now she writes about being mindful with your money at Conscious Coins.
What is Extended Repayment for Student Loans?
The Extended repayment plan prolongs payments for up to 25 years. Under this repayment option, borrowers can choose between either fixed or graduated payments. Fixed payments remain the same for the duration of the loan, while graduated payments increase over time.
Options for Pausing Private Student Loans During Coronavirus
Due to the Coronavirus pandemic, federal student loan borrowers can pause student loan payments for six months, interest-free. Private student loan borrowers aren’t able to get this same benefit. But here is how private student loan lenders can deal with unemployment or other financial issues due to coronavirus.
How to Refinance Student Loans Without a Degree
If you borrowed student loans for college but did not graduate, student loan refinancing is more difficult. However, even if you didn't graduate, you can still refinance student loans to get a lower interest rate. Here is a list of lenders who will refinance student loans without a degree and how you can improve your odds of approval.
How to Get Student Loans for Community College
Community college could be a great way to cut college costs and reduce student loan debt. But you may still need to borrow student loans to pay for community college. Here is how to borrow student loans, both federal and private loans, for community college.
Credible Review for Refinancing and Private Student Loans
Credible is a student loan marketplace that compiles offers from a variety of student loan lenders so you can compare rates in one spot. Our Credible review covers what is credible, how Credible works for refinancing student loans and refinancing parent loans, the pros and cons of refinancing student loans, and how Credible works for borrowing private student loans and private parent loans.
How Employer Student Loan Assistance Works
Many companies are offering student loan repayment assistance as a benefit to attract college graduates dealing with student loan debt. With employer student loan repayment assistance, your employer will help repay your student loans. There are pro and cons to employer student loan repayment and things you should know.
Can I Get a Mortgage with Student Loan Debt?
Qualifying for a mortgage with student loan debt may sound like a long shot, but it’s actually very common. As more and more millennials and Gen Xers carry student debt into their 30 and 40s, it’s quickly becoming the only way most people can buy a house. While getting a mortgage with student loans is entirely possible, borrowers in this situation do have to take a few things into consideration. Here’s what you need to know.
How to Pay Off Your Student Loans by Age 30
This article describes several different scenarios in which a borrower can pay off their student loans by age 30. One involves total student loan debt equal to annual income. Another involves total student loan debt that significantly exceeds annual income.
How to Complain about Your Student Loans
There are many reasons why a borrower or cosigner might wish to complain about their student loans. They want a solution to the problems they have experienced. They want to hold the lender or servicer accountable for their problems. There are several key steps to filing an effective complaint about a federal or private student loan.
How to Make Extra Payments on Your Student Loans
Borrowers who have extra money often want to repay their student loans more quickly, to save on interest and to get started sooner on pursuing their dreams. Instead of just paying the minimum on their student loans, they want to pay extra to expedite the repayment process.