You might be able to get a student loan for as much as the total cost of your college education, but the exact amount will depend on the type of loan you get. Dependent undergraduates can borrow up to $31,000 and independent undergraduates can borrow … Read more
The Bureau filed a complaint and a proposed consent judgment against several National Collegiate Student Loan Trusts (called “NCSLTs” collectively) on September 18, 2017. On the same day, the Bureau issued a consent order against Transworld Systems (TSI), the debt collector for several National Collegiate … Read more
Federal Family Education Loan Program (FFELP) Loans are federal student loans available until June 2010. At first, private companies paid for these loans, but now the U.S. Department of Education owns most of them. The Direct Loan program, which is still in use today, replaced … Read more
Consolidating Parent PLUS Loans can be a relatively straightforward process, but knowing the different types of consolidation and how they can help you is essential. Parent PLUS Loans are federal student loans, so you can use the Direct Consolidation Loan program or refinance your loans … Read more
Based on their credit score, most borrowers fall into two main categories: prime or subprime. Someone with excellent credit may not have a perfect credit score, but it’s high enough to get the best or “prime” interest rates. Because of this, people with prime credit … Read more
As of March 2021, $136.3 billion was owed on private student loans. Most of the time, this debt is more complicated to pay off than federal student loans. With a private lender, you default when you miss three monthly payments. If you don’t pay your … Read more
Even though you can’t get your private student loans forgiven, other ways exist to get help paying them off. With these five tips, you can make it easier to pay back your loans. Think about the following: 5 Ways to Get Private Student Loan Help: … Read more
Premier Student Loan Center Schoolfellow 2023 is a program for students who need help paying for their education. The program gives students various loan options to help them pay for tuition, books, housing, and other costs related to their education. The program’s loans have low-interest … Read more
If you’ve been in debt for a long time and have extra money, it might seem like a no-brainer to pay off your student loans early. But student loans usually have lower interest rates than other kinds of debt, and paying them off early could … Read more
Since federal student loan payments have been put on hold since March 2020, it’s not as strange as it sounds not to know who services your loans. The fact that the U.S. Department of Education said it would switch loan servicers in the future makes … Read more