Managing a serious disability is difficult, no matter what your life situation. Throwing in student loan debt on top of an unexpected medical condition can make things feel downright unmanageable.
Fortunately, some borrowers who are disabled may be able to discharge all of their federal student loans. If you have federal loans and are considered permanently and totally disabled, you may qualify.
You put a lot of energy into getting a solid education. And yes, you racked up significant student loan debt at the same time. Now you’re ready to take some big financial steps, and you’re wondering whether that debt load will be a barrier.
Your student loan debt is part of the total debt picture lenders will look at when they’re determining your creditworthiness—whether you’re applying for a credit card, a car, or a mortgage.
So how can student loans raise or lower your credit score? Let’s take a closer look.
While the process of applying to refinance your student loans isn't particularly time-consuming, you'd probably rather not spend the half hour collecting documents and filling out paperwork if you think your application will be denied.
One of the best ways to increase your chance of successfully refinancing your student loans is to apply with a cosigner.
Before we headed off to college, most us heard how our college years would be the best years of our lives. And yes, they were great, but they were also pretty expensive.
As we try to get the hang of this adulting thing—showing up for work on time and paying our bills—our college education can start to take on a different hue. If you've ever spent any time wondering about how you could've done things differently, you're not alone according to our recent survey.
Raise your hand if you'd like to increase your student loan balance. Yeah, I didn't think so.
Unfortunately, many borrowers do exactly that without realizing it when they take advantage of federal programs like income-driven repayment plans, forbearance or deferment. Why? Interest capitalization.