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What’s the difference between an Interest Rate and The APR?

When you shop for a loan, you will typically see two rates, the interest rate and the annual percentage rate (APR). If you don’t clearly understand the difference between the two, you won’t understand the difference between what you are paying in interest and the true cost of the...

Should I Consolidate My Federal Student Loans?

The latest figures on student loan debt in the U.S. are staggering. More than 40 million Americans now carry some form of student loan debt, averaging just over $35,000 each. To make matters worse, most student loan borrowers are carrying multiple loans from multiple sources,...

What Your Student Loan Servicer Might Not Tell You Could Cost You !

Student borrowers have to rely on their loan servicer for the proper management of their student loans – for processing payments correctly, getting timely communications and, when appropriate, informing them of their options. Not all loan servicers are created equal. There are...

Drowning in Student Loan Debt? Here’s What To Do

The phone is ringing off the hook. It’s the student loan servicer, and they’re calling about the two-month delinquency on your account. As the phone continues to ring, beads of sweat begin to roll down your face. Why so? Well, you’re unemployed, broke and barely making it by. The...

Don’t Refinance Student Debt if You Need Income-Based Repayment

If you hold student loan debt, you may have received offers to refinance your debt with a private lender with the opportunity to lower your interest payments. If you’re carrying loans of $25,000 to $30,000 or more and juggling half a dozen loans with various rates, terms and...

11 Secrets To Refinancing Your Student Loans

If you want to refinance your student loans but are not sure if you will get approved, here are the inside tips that you need to know. Refinancing your student loans allows you to consolidate your existing private and federal student loans into a new, single student loan with a...

How The Government’s Student Loan Repayment Programs Can Trip Up Homebuyers

There’s a new study by Federal Reserve researchers quantifying something many Realtors already know from experience: Excessive debt-to-income ratios account for nearly a quarter of all mortgage denials. In “Residential Mortgage Lending from 2004 to 2015: Evidence from...