Student Loans

Simplify your student loans through expert opinions from our team at Bankovia

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How To Celebrate Paying Off Student Loan

In 2008, I earned my Master of Fine Arts degree and left graduate and undergraduate school with about $37,000 in debt. In the years that followed, I worried constantly about paying off my federal student debts. It seemed like I was going nowhere with them. With an income-based repayment plan, I wasn’t even covering the... read more

What Is Better Subsidized Or Unsubsidized Loan

The vast majority of college students borrow money to cover their expenses. However, first-time borrowers may find it difficult to read financial aid award letters due to the wide variety of student loan options offered.In contrast, the amount you owe after graduation and the way interest accumulates with some federal repayment schemes can be affected... read more

How To Add Student Loans To Mint

There is a common misconception that paying off student loans would be easy. The silver side is that there is an app to help you pay off your student debts quicker.It’s true that dozens of applications exist. Included in these resources are tools to assist you in setting financial goals, establishing a savings plan, making... read more

Can You Pay A Student Loan With A Credit Card

Tens of millions of recent and not-so-recent college and professional school graduates are seriously weighed down financially by their mountainous amounts of student loan debt. estimates that in 2020, the typical student loan borrower will have $37,584 in outstanding debt.Public school graduates often have as much or more debt as their private university counterparts.... read more

Can You Pay A Student Loan Off Early

Debt incurred for the acquisition of an asset that should add to one’s wealth, such as a mortgage or a student loan, is commonly referred to as good debt. Conversely, bad debt refers to consumer loans and credit card balances built up to finance items that quickly lose value.Deficits, no matter how they’re categorized, must... read more

Can You Consolidate Student Loan Twice

Consolidating your federal student loans can help you save time and money by eliminating the need to make payments to several loan servicers each month.The vast majority of recent college graduates have some kind of student loan debt, and those that do typically have numerous loans and, consequently, many monthly obligations to pay. It may... read more

What Does Plus Loan Stand For

With the rising cost of higher education, few students can afford to cover tuition and living expenses without taking out student loans. The Urban Institute reports that 70% of people with a bachelor’s degree are carrying student loan debt.Center for American Progress data shows that although only 15% of undergraduates continue their education with graduate... read more

Can You Refinance A Federal Student Loan

Historically speaking, student loans have developed. Although private loans could always be refinanced, federally-guaranteed ones were not. Presently, borrowers have a great chance to refinance their federal loans at a lower interest rate.Despite the potential savings of thousands of dollars, refinancing student loans is not always the best option. You should learn as much as... read more

What Is The Best Student Loan Company

Federal student loans provide the lowest interest rates and the most flexible repayment plans, but there are annual borrowing limits.You may need to take out a private student loan if you find yourself in need of additional funding for your education, but be aware that these loans do not come with the same borrower safeguards... read more

How To Cancel Discover Student Loan Application

Discover offers a wide range of banking, credit card, and lending options to suit your requirements. It doesn’t matter if you are searching for a new credit card, a high-yield savings account, or how to secure a loan; choosing the appropriate solution is crucial. A corporation you can trust won’t nickel and dime you along... read more

What Is Fiona

Don’t know where to begin when looking for a bank account or a loan? Let Fiona assist you in finding the right product for your requirements.Fiona does not offer personal loans directly, but instead Fiona connects borrowers with a reputable company that makes a loan offer. They do this completely free, and the entire process... read more

How To Pay Off Your Student Loans

Close to 70 percent of students now take on debt to get a college education. It’s no surprise that borrowers worry about pay off your students loan. Some wonder how they are even supposed to start the intimidating process. Others agonize over the best way to repay that debt as quickly as possible.Take Stock of... read more

Best Student Loan Refinance Companies

Refinancing your student loans may save you anywhere from $100 to over $30,000 – it all depends on your current interest rate, loan balance, loan duration, and the sort of offer you receive. Our refinancing savings guide includes a summary of how much you may save in various circumstances.How does student loan Refinancing work?Student loan... read more

How Student Loans Doubles & Triples for Some

In the U.S. student loans doubles and tripled debt over the last decade, surpassing auto and credit card debt and only second to housing debt, and now stands at almost $1.5 trillion. That’s in part because many people are seeing their individual balances spiral out of control.“Loans doubling, tripling, quadrupling, it really does happen all... read more

The Ins-and-Outs of Student Loan Garnishment

Chances are, if you are looking up information related to student loan garnishments, then you either have a garnishment against you or one is fixing to take place. And while there are many sites providing information on student loan wage garnishment, all of this information can be a bit difficult to digest. That’s why we... read more

Best Banks To Refinance Student Loans

Refinancing and consolidating student loan debt can be a great way to save money and take advantage of today’s low interest rates. Refinancing can save you money each month through lower payments, and save you money over the life of the loan through lower interest rates. Consolidating student loans with different payment amounts, due dates,... read more

Student Loan Forgiveness

Student loan debt is something that plagues almost two-thirds of all college graduates. The average student loan balance is $33,000, and is on the rise each year as the cost of college tuition continues to soar. While monthly student loans payments month are a harsh reality for most graduates, the rise of student loan forgiveness... read more

Student Loan Debt Statistics

If you’re reading this, you probably know that student loan debt is incredibly high right now. And it’s only growing. You probably also know that there’s actually so much student loan debt that it’s hard to even conceptualize the cost of higher education nationwide.General Student Loan Debt StatisticsWell try these student loan debt statistics on... read more

FedLoan Servicing Review

FedLoan (FL) is a student loan servicer contracted by the United States Department of Education. Student loans are assigned to a servicer to be managed from the the time they are borrowed until the total amount has been repaid. Most of the interaction between the borrower and the servicer occurs once the repayment term begins. However,... read more

Student Loan Servicing Companies

The first thing that you need to do after you graduate is head over to the National Student Loan Database. This is a great resource that is maintained by the US Department of Education that tracks who services your student loans and the balance of your loans.Given how much can change with your student loans... read more

20 Tuition-Free Colleges to Avoid Paying Student Loans

Schools Offering Free College Tuition If you thought graduating debt-free was an impossibility these days, you’ll be glad to know that tuition-free schools do exist. While some of these schools are subject-specific, such as the prestigious Curtis Institute of Music, others accept students pursuing degrees in all disciplines. Another difference in these schools is that... read more

Student Loan Consolidation

Wondering about student loan consolidation? You’re not alone. Thirty-eight million Americans have student loan debt, and many of them juggle more than one loan. It’s not uncommon for graduates to have five or more loans at a time! The notion to consolidate student loans has no doubt crossed your mind, but if you’re like most... read more

13 Advantages of Federal Student Loans

With so many advantages of federal student loans, it’s clear that most students are better off seeking government funding for college rather than applying for loans from private banks. At every point in the process, from applying for loans to repaying your debt and getting help for issues, federal student loans offer more benefits and... read more

13 Best Jobs That Pay $100 An Hour

One of the fastest ways to pay off your student loans is really simple. Make more money. I see a really common problem far too often. People graduate college and get an entry level job in their career. And then they fight the grind for 10 years and are still paying off student loans 15... read more

30 Creative Ways To Pay Off Your Student Debt

Nowadays, many learners leave college with more than just a degree; they have huge debts to show for their time in education, too. For example, the members of the class of 2015 were estimated as each having an average of just over $35,000 to pay towards their student loans come graduation day. That’s quite the... read more

8 Jobs Will Help You Pay Off Your Debt

It’s no secret that millions of Americans are dealing with student loan debt, and it’s likely many more will borrow money for college in the future. If you’re one of the many people overwhelmed by thousands of dollars in debt, you may be wondering about what options you have for paying off student loans.One option... read more

Earnest Student Loans Review

Student loan refinancing has become a popular option for borrowers looking to reduce their interest rates and save money. Unlike loan consolidation, which simply rolls all of your federal student loans into one repayment plan, student loan refinancing repays your existing loans by issuing a new loan with a lower interest rate and different repayment... read more

College Ave Student Loan Refinancing [Review]

Student loans are all College Ave does. Its student loan product comes with great interest rates, and a variety of terms and repayment options, so you can find the right fit for you. College Ave’s student loan process has been simplified so you can focus on the things that matter most: preparing for a bright... read more

MEFA Student Loan Refinancing [Review]

MEFA (which stands for the Massachusetts Educational Financing Authority) helps Massachusetts families plan and save for education expenses, but also offers student loan refinancing to borrowers across the country.  Unlike some refinancing lenders who focus on the benefit of saving money over the life of the loan, MEFA emphasizes that their borrowers see lower monthly... read more

Refinancing Student Loan With Earnest

Founded in 2013, Earnest is headquartered in San Francisco and backed by Maveron, Andreessen Horowitz, Atlas Venture, Mohr Davidow Ventures, First Round Capital and others. Founded on the belief that financially responsible people deserve better options and access to credit, Earnest’s lending products are built for a new generation seeking to reach life’s milestones. The... read more

Refinancing Student Loans with Sofi

SoFi was founded in 2011, when four graduates from Stanford Graduate School of Business committed to helping people pay down their student debts in a timely manner. Their dedication to lowering customers’ student debt payments have made them one of the most popular and fastest growing companies in the industry. SoFi is dedicated to providing... read more

Citizens Bank Student Loan Refinancing

Citizens Bank is a full-service retail bank that operates primarily in the northeastern United States, but offers student loan refinancing to residents across the U.S. through Citizens One, the bank’s lending division that operates nationally. Citizens Bank offers great refinancing rates to many borrowers and as with any lender, the lowest rates are available to... read more

Common Bond Student Loan Refinancing Review

CommonBond was founded in 2012 by University of Pennsylvania’s Wharton School MBA graduates David Klein, Michael Taormina, and Jessup Shean. Due to the founders’ commitment to their customers, CommonBond grew to a national brand in just one year and has already helped refinance over $500 million in student loans. CommonBond is an online student loan... read more

Laurel Road Student Loan Refinancing Review

Laurel Road, a Division of Darien Rowayton Bank, was founded in 2006. The bank, based out of Connecticut, has expanded out of its original location to offer nationwide services thanks to their ongoing efforts to create a strong online presence. Laurel Road has quickly become a national mainstay in the student loan industry, especially amongst... read more

Tracking Student Loan Legislation

What does the future of student debt hold? What changes should borrowers anticipate during the new administration? Sometimes there are no simple answers, which seems to be the case currently. It is difficult to tell fact from fiction in the current climate of information sharing. Headlines seem alarming, but the reality remains that any change happening... read more

A Brief History of Student Loans

The oldest university in the world, Morocco’s University of Karueein, has been instructing students for nearly 1200 years, a full 250 years before England’s Oxford University gave out its first sheepskin.  Up until the end of the Renaissance, universities served as the training grounds for priests, the guardians of all learning for much of history, and... read more

A Comprehensive Guide To Student Loans

This comprehensive guide to student loans is a useful asset for prospective college students of all ages. Learn about the changing nature of student loans, what to expect from a lender, what path is best for you as a student, and how to minimize and plan for debt as much as possible. We will discuss the... read more

Beware of Student Loan Consolidation Scams

Many companies have started offering student loan consolidation services. You may even receive an official looking letter offering you this service for a reasonable fee. They may even know the general amount of your loan. This article will explain the scam and then walk you through step by step how to consolidate your loans by... read more

The Numbers Behind the Student Loan Crisis

Mark Twain famously said there were three kinds of lies: lies, damn lies, and statistics.  The numbers behind the American student loan crisis, however, certainly do not lie about its dire nature.  For the first time in history, student loan debt has grown larger than total credit card debt (itself a serious issue for millions... read more

Can You Out-Run Student Debt?

Every decision we make has consequences, but not all consequences are created equal.  If you receive a parking ticket well away from your home state, for instance, you can probably rest easy knowing that the police will never cross state lines to knock on your door and force you to pay it.  One of the... read more

How the Rest of the World Deals with Student Loans

There are over 2500 schools in the United States that offer four-year degrees, and many thousands more that provide associate’s degrees or certifications.  While this array of higher education gives American students a lot of choices, their annual output pales in comparison to their competition on the global scale.  While the United States was the... read more

A Comprehensive Guide to Refinancing Student Loans

There is no question that a college degree matters more today than it has at any point in recent history.  Higher education, and especially a four-year degree, has become the new minimum standard for the vast majority of jobs created today, replacing the previous minimum standard of just a high school diploma.  Unlike high school,... read more

How Do Student Loans Work

If you’re just beginning to figure out your college financing options, it helps to have an overview of student loan funding. By understanding the basics of student loans, the lenders that finance them and the process of getting and repaying a loan, you can make smart financial decisions about paying for your education.Student Loan BasicsA... read more

Elfi Student Loans Review

These days, student loans are an absolute must for any student who wants to attend a great private college or university. After all, tuition, books, housing and food don’t come cheap. Of course, paying back those loans can be difficult and can take many years. One of the many options available to individuals to pay... read more

LendKey Student Loans Review

Many Americans struggle with the issue of paying off their student loans. Attending the best colleges and universities in the country can be costly, especially for those who go the distance to get a graduate degree in addition to their undergraduate degree. It can take many years to pay off student loans, even when a... read more

Common Bond Student Loans Review

Common Bond is a 2012-founded online lender that specializes in student loan refinancing and private student loans. Common Bond Student Loans helps refinancing loans, these are best suited to borrowers with a bachelor’s degree who prioritize repayment flexibility. Its private student loans are best suited to students who want to utilize a cosigner and value... read more

SoFi Student Loans Review

SoFi Student Loans, the student-loan brand of Social Finance, based in San Francisco, is a major player among student loan refinancing companies. SoFi Student Loans Financial is particularly well-known for its 2011 innovation: refinancing federal and private student loans together, in one bundle. The company offers student loan refinancing as well as mortgages, personal loans... read more

College Ave Student Loans Review

College Ave Student LoansThere is a certain romance about the whole college experience. It is considered a right of passage for a lot of people. Getting into college and then having the real college experience is in fact something magical. Unfortunately, it is difficult for some to pay for college. This is particularly true if... read more

How To Qualify For Student Loan Forgiveness

Many people end up going to college for the sake of improving their chances of a great career and a financially stable life. College is a great place for people to find out who they really are, to fine tune their skills, and to discover skills they never though they could possess. However, people also... read more

Trump Student Loan Forgiveness

Student Loan Forgiveness is still a real thing under new President Donald Trump. Don’t worry. Here’s how to know if you qualify. It’s really very simple. 1) If you work for the government or a nonprofit, you can have part of your student loans forgiven 2) You need to be on an income-driven repayment plan... read more

15 Alternatives To Student Loans

If you know you need a college education but are reluctant to go into debt for your degree, you’re in luck. Read on to learn about the 15 alternatives to student loans that could help you afford an education. Federal Grants and State Grants If you’re like many students, you might associate federal and state... read more

How To Stop Student Loan Wage Garnishment

If you’re experiencing wage garnishment – the involuntary withholding of money from your paycheck to cover your unpaid debts – then you need to understand what exactly student loan wage garnishment is and why it is happening to you.What Is Wage Garnishment? Administrative Wage Garnishment, or AWG, is the term for the federal government’s ability... read more

How To Get A Student Loan

For many of today’s students, loans are an essential, if confusing, part of getting a college education. The average cost of a single year of study at a four-year college or university is $25,409, according to the National Center for Education Statistics (NCES). The total cost of earning your undergraduate degree could very well approach... read more

Top 10 Reasons to Refinance Your Student Loans

Do you want to spend another year struggling with student loan debt? Millions of Americans are looking for relief from their oppressive student loan payments and mounting loan payoffs. In fact, the collective student loan debt in the United States is currently well over $1 trillion, and most college students graduate with the heavy burden... read more

Avoiding Wage Garnishment

Image this scenario. You come into work on the first Monday after Christmas. The holidays are finally over. You can finally start buying that Starbucks that you quit buying because you needed to save money to buy Christmas presents.An email sits in your computer at work saying that HR needs to see you ASAP. Your... read more

Buying a House with Student Loan Debt

If you’re like millions of Americans who borrowed money for your college education but want to build a life for yourself, you may be wondering how to go about buying a house with student loan debt. This can be a tricky prospect, but the good news is—it’s not impossible! In this guide we’ll outline everything... read more