When you realize you will have to take out loans to finance your college education, your best bet is to take out Federal loans because you are afforded protections that you are not otherwise granted with private loans. http://www.magnifymoney.com/blog/college-students-and-recent-grads/7-things-need-know-private-student-loans580202024
If you’re asking yourself whether to settle your private student loan debt, then you’re probably in a bit of financial trouble with your student loans. The first thing you should do is take a step back and assess what’s happening. Understanding the full picture will help you make the right decision. http://www.magnifymoney.com/blog/college-students-and-recent-grads/settle-private-student-loan-debt322594026 Pay off Debt, Student Loan Debt #debt
When paying off student loans, it's good to know how federal loan consolidation is different from private—and how both of those are different from refinancing. Read our tips on how to choose the best one for you to save money and work towards being debt free.
L. Bee note: This post was also slated to appear during March debt pay off month, but got pushed. Given how many people have student loans, I thought it would fit in nicely with Financial Literacy Month. Enjoy! Here’s a secret: I graduated college with next-to-zero student loan debt. Only about $1400 worth in a private … Read more...