It’s easy to mistake the terms “consolidation” and “refinancing.” It’s understandable to believe that the only way to consolidate student loans is through refinancing. While refinancing does consolidate student loans, that...
What is a Student Loan Servicer? If you hold federal student loans, you borrowed money from the U.S. Department of Education (ED) via their Federal Student Aid program. To handle the repayment of those loans, ED uses student loan servicers. Currently, there are 9...
Ten percent of students rely on private student loans to cover their higher education costs. Questions about private loans, refinancing, and methods of repayment are common. Below is some of the information you should know about how private student loans work. Check...
Student loan refinancing offers seem to be everywhere. For someone with troublesome student loan debt, refinancing can be tempting. Advertisements generally claim to offer lower interest rates and lower monthly payments, and who doesn’t want that? Refinancing federal...
If you have student loans, it’s important to understand common student loan myths to avoid losing money. Whether refinancing your college debt, paying off a loan early, or looking into loan forgiveness, know the truth before changing your loan status. Myth 1: You...
On July 18, 2024, a Federal Court issued a stay preventing the Department from operating the Saving on a Valuable Education (SAVE) plan. Applications into the SAVE plan through our Presto tool are currently unavailable. Read more in our blog.
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