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Nitro Knowledge. Your Guide to Paying for College.


No parent wants to have the dreaded "helicopter parent" insult thrown their way. So you step back during the college decision process as much as you can, biting your tongue about how much you'll miss them if they go to college on the other side of the country or why they're writing a college application essay on their favorite video game. 

It's a delicate balance, but one place you really shouldn't keep your mouth shut? 

The price tag. 

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When it comes to student loans, it's often a question of whether you should pay more now or later. If you pay more now, you'll be out of debt faster and pay less in interest. If you opt to pay less now in favor of having a more-comfortable monthly payment, you'll end up paying more interest over the life of loan. 

But there may be a way to have your cake and eat it, too. Get this: 
Refinancing rates are incredibly low right now (like do-not-miss-this-low), which means you may have an opportunity to score manageable monthly payments and save a good chunk of money at the same time. Let's look at three examples of how this can play out. 

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It's time to pay back those high-balance med school loans, but there's one problem: You're living on a resident's salary. 

Unfortunately, no, you generally can't defer federal student loan payments during your residency. So what are your options? There are three paths to consider:

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Graduating from medical school is an incredible achievement. But if you're more in the mood to worry about your student loans than celebrate your graduation, that's understandable. If you're like many medical students, you have six figures in student debt — and several years of low-paying residency or fellowship ahead of you.

But you can be proactive about that debt — and one of the best ways to do it is by refinancing. We've scouted out some great under-the-radar deals for residents from SoFi, Laurel Road, and Splash Financial below.

See also: Should You Defer Student Loan Payments During Your Medical Residency?

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You could have filled the courtroom of the U.S. Supreme Court with all the things I didn't know when I started law school.

Chief among them: A law degree is the second most expensive graduate degree in the United States. Law students graduate with an average $140,616 in student loans.

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Hey, I know that look. 

It's the face of someone who's been diligently making their student loan payments every month and just realized they don't owe any less than when they started.

It was the panic-filled rage that gave it away—plus the tears. 

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