Tag: loan repayment

Student loan consolidation explained with Play-Doh

Posted on February 5th, 2014

What is student loan consolidation and how does it work?

We love this video from StudentLoanConsolidator.com, which explains the process in a unique way–by using Play-Doh to represent student loan consolidation.

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The best gift for college grads

Posted on December 10th, 2013

For college graduates and adults struggling with student loan repayment, the holiday season can be difficult. So many gifts to give, so little money in the bank account.

But a new service from Tuition.io lets family and friends ease the burden of student loan borrowers during the holidays.

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Average student loan debt rises to $29,000

Posted on December 5th, 2013

According to a report released Wednesday, the average student loan debt for a member of the class of 2012 was $29,000, up from $26,600 in 2011.

This increase follows recent trends, with student loan balances for new graduates rising at an average rate of 6% per year from 2008 to 2012.

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Can’t pay your student loans? This college will pay them for you.

Posted on November 20th, 2013

After graduating college, many former students have difficulty finding jobs that allow them to afford their monthly student loan payments.

If you graduate into a low-paying field, you may find yourself barely scraping by–even before you pay your student loans. The lowest-paying major for 2013, Child and Family Studies, has an average starting salary of just $29,300.

Houghton College knows the economy is tough, and it can take new graduates several years to make enough money to pay back their loans, especially in smaller cities, job markets, and careers.

That’s why the small liberal arts college in Houghton, NY has decided to launch an innovative new student loan repayment plan for graduates.

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4 things to know about repaying your student loans

Posted on November 1st, 2013

If you graduated in May, November means the end of your six-month grace period on your subsidized Direct Subsidized and Unsubsidized student loans.

Watch the video below to find out to expect during repayment, and check out the top 4 things to know about repaying your student loans.

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How to pay back and consolidate student loans

Posted on October 24th, 2013

How do I find out how much I owe in student loans? How do I consolidate my loans? Can I lower my student loan interest rate?

This video featuring Money Magazine reporter Carolyn Bigda answers those questions and more. Watch to find out when to start repaying your student loans, what repayment options you have, and how to set up a student loan repayment schedule.

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Crowdfunding for college graduates’ dreams

Posted on October 2nd, 2013

Cinderella never had to worry about student loans. And she got to live in a castle and had her own room. She might have had to work for her room and board, but her situation sounds pretty great compared to the typical college student’s cramped living quarters.

And even if Cinderella had gone to college, she had a fairy godmother to step in and wipe away her student loans.

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Top 3 student loan myths

Posted on September 20th, 2013

Should you pay down your student debt slowly to receive tax breaks for more years? Can you file for bankruptcy if you can’t pay your student loans?

This informative video will help clear up some of your confusion about student loans.

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Which college majors pay the most (and the least)?

Posted on September 11th, 2013

When deciding whether a college’s price tag is worth the investment, it’s important to consider your major and career aspirations. While no major can guarantee financial success, a recent study from Georgetown University found that your college major can significantly impact your future earning potential.

We don’t recommend choosing your college major based on average salary alone, but it’s certainly something you should consider when deciding whether to take out student loans to pay for college and how much debt you can handle.

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Want an easy way to manage your student loans?

Posted on August 30th, 2013

When you have multiple loans from different lenders, it can be difficult to keep track of all of your monthly payments and due dates. Consolidation is an option, but it’s not right for everyone.

A new service called Tuition.io makes it easier to manage your student loan repayment and help you plan how much to spend each month. And since the service is free, you have nothing to lose–which means you can put even more money toward your loans.

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