Student Loans: Conclusion
By Reyna Gobel
Let's recap what we've learned about student loans:
- How to pay for college is as complicated and as important a decision as which college to choose, what to major in and whether to live on or off campus.
- Only borrow what you can afford to pay back after graduation based on income estimates in your career field.
- Filling out a FAFSA form is crucial to securing student aid.
- Exhaust federal funding options before applying for private loans.
- Most private loans have variable interest rates, and initial rates vary based on yours or your cosigner's credit rating.
- The standard federal loan repayment program lasts 10 years.
- Public service employees and others with low incomes have additional options for repayment based on annual income.
- Federal loan programs offer options for postponing payment during a financial hardship situation.
- Federal consolidation can extend your loans up to 30 years.
- Consolidating private loans is the best way to secure a fixed interest rate on your private student loans.
- Managing your student debt borrowing based on what you can afford to repay is the best way to get an education and avoid financial trouble down the road.
Data in a consumer’s credit report that lowers his or her credit ...
A printed booklet a credit cardholder receives that contains ...
A condition in a credit card agreement stating that the card ...
A device that can decode the information contained in a credit ...
The timeframe during which a credit card issuer can dispute with ...
A credit card intended for use by a business rather than for ...
Read this article to learn about the four most common sources of funding given in a financial aid award letter sent to a ...
Discover Canada's best credit cards for travel rewards and the benefits that they offer. Learn how these cards can help you ...
Learn how much you can earn with a finance degree. Decide if a business career or finance career is more appealing for you ...
Transferring funds from one credit card to another is often possible with bad credit, but it will likely cost you in interest ...