Published on April 17, 2020
If you've tied the knot with a college graduate, there's a good chance they have student loan debt. If this applies to you, it's important to familiarize yourself with how their student loans may affect your financial situation. Typically, you aren't responsible for your spouse's student loans. However, there are some situations where you may be ...Continue Reading
Published on April 17, 2020
If you have student loans that you'd like to get rid of sooner rather than later, refinancing may be a smart move. By refinancing your student loans, you can: Reduce your rate and save on interest costs. Get a better repayment term for your financial situation. Simplify your monthly payments with one loan and one loan servicer. ...Continue Reading
Published on April 17, 2020
When you refinance your student loans, a lender will pay off your existing loans and give you a new loan. Ideally, the new loan will come with a lower interest rate that can allow you to save big time on interest. Refinancing your student loans can also give you the opportunity to change your repayment term and consolidate multiple student loans ...Continue Reading
Published on March 29, 2019
Student loans don't have to be a "til death do you part" relationship. PenFed has a unique solution for married couples seeking to refinance through our Spouse Loan. With the Spouse Loan, both spouses refinance their student loans together into one monthly payment, one low interest rate, and a term of your choice. Refinance student loans with spo...Continue Reading
Published on March 22, 2019
Here are the answers to our top 12 questions on student loan refinancing. Have questions not listed here? Check our FAQs or give us a call! 1. How do I know what my interest rate will be? You can check your interest rate with our Find My Rate tool. Use this tool to see rates, your new monthly payment, and lifetime savings ... all before applyin...Continue Reading
Published on March 18, 2019
With college and graduate school in the six-figure range, now is the best time to refinance your student loans. It will help you to dedicate yourself to paying the money you know you'll have to, while also allowing you to spend as little as possible. Getting a plan that's more manageable for you will help you build confidence and credit, and get yo...Continue Reading
Published on March 8, 2019
Engagement season is wrapping up, but one thing that doesn't get looped into planning your happily ever after is student loans. PenFed wants to change that conversation. Through the Spouse Loan, married couples can combine and refinance their student loans together ... one application means getting all of your loans on the same rate and term. The a...Continue Reading
Published on February 8, 2019
Student loan refinancing is still a fairly new industry and there are many things borrowers are learning about what they can and can't do through refinancing. Read on to learn what is fact vs. fiction when it comes to refinancing your student loans. Common Facts and Fiction about Student Loan Refinancing You can't refinance federal and private...Continue Reading
Published on February 1, 2019
The burden of college debt is something that most graduates have to deal with. Other than a mortgage, you will likely never have a debt as large as your student loan. This causes many young adults to move back in with their parents after graduation, simply because they cannot afford to live on their own yet. Some companies are even helping ease thi...Continue Reading
Published on January 25, 2019
So, you've made the decision to simplify your life, lower your interest rate , and refinance your student loans through PenFed . Congratulations, you've taken the first step! But what's the process like once you submit your application ? Let's dig in. Approval ... Student Loan Refinancing: If you meet our eligibility criteria and your applicati...Continue Reading
Published on January 18, 2019
After a flurry of parties, job applications, and saying goodbye to the college life, the road ahead for many graduates is unknown. Your first job out of college may not be the dream job you have been hoping for ... in fact, it can be the opposite. Many recent graduates will take a position they may not really want for one reason ... student loans. ...Continue Reading
Published on January 11, 2019
The burden of student loans isn't limited to one demographic, but like most issues, some are affected more than others. The national debt has just passed $1.4 trillion and nearly two thirds of that burden is shouldered by women, according to a new update to the American Association of University Women (AAUW) report, Deeper in Debt: Women and Studen...Continue Reading
