Published on January 25, 2019
You know your student loan interest rate is too high ... but do you know why? Our partners at NerdWallet break down the most common reasons borrowers have high interest rates on their student loans. If you have student loans, you're on the hook for more than just what you borrow; you're also responsible for the interest. Student loan interest rat...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
Federal student loan interest rates have risen. Effective July 1, 2018, undergraduates who take out direct subsidized loans or direct unsubsidized loans will be paying 5.05% in interest ... an increase from the previous rate of 4.45%. But that's not all. Graduate students who've taken out direct unsubsidized Stafford loans will see interest rat...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
Published on January 7, 2019
Refinancing your student loans provides many benefits, and the star is getting a lower interest rate . Ultimately, a lower interest rate is what saves you money and makes refinancing such a great option. Today, we want to focus on an often-overlooked benefit of refinancing your student loans: getting out debt faster. Options to Get Rid of Student...Continue Reading
Published on January 7, 2019
There are several options to consider when you are trying to decide the best way to repay student loans. Most repayment plans have different requirements and features, making the decision process a bit overwhelming. Today we are comparing two ways to repay your loans: Income Based Repayment (IBR) for federal loans and student loan refinancing with ...Continue Reading