You start paying for student loans six months after you graduate or leave college. Make sure the career you choose offers a salary large enough to repay your loans. A good rule of thumb is your payments should not exceed 10 percent of your net income when you graduate college.
Continue ReadingFederal Student Loans
The Student Loan Process for Nontraditional Students
The most important thing to understand about student loans is that they are loans – not free money. Like any loan, they need to be paid back, plus interest.
Continue Reading4 Types of Federal Student Loans
The federal government offers four basic types of student loans; direct subsidized, direct unsubsidized, perkins loan and direct PLUS.
Continue ReadingThe First Step to Getting Student Loans
The first place to get student loans is the federal government. If you still need money to fill the gaps, consider private student loans.
Continue ReadingStudent Loan Deferment/Forbearance and How They Work
Life happens so it doesn’t hurt to be aware if the student loan repayment options, deferment or forbearance, are available to you.
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