Retirement vs. Student Loans vs. Mortgage: Which Comes First?

For many Americans, the three biggest financial challenges of their lives will be paying off student loans, buying a house and saving for retirement. Each one of these goals is a huge challenge.  Meeting all three goals is even more difficult. Hitting these milestones is complicated by the fact that …

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5 Useful Features of Nelnet Student Loans

Nelnet is one of the biggest names in the student loan industry, especially since 2018 when it acquired another major loan servicer, Great Lakes Educational Loan Services. The combined company now reportedly handles federal loans for about 5 million people, or 1.5% of the entire U.S. population. If you’ve found that Nelnet is also your […]

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The Ultimate Guide to Your Student Loan Grace Period

After graduating, it’s time to move on from school and pay back your loans. Many student loans have a grace period, but what is a grace period for student loans, exactly? More importantly, should you even use it? Read on to learn everything you need to know about student loan grace periods. What is a […]

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Morehouse Billionaire Robert Smith Is Not Alone: 7 Student Loan Philanthropists

Robert Smith (Image from Morehouse College commencement video) The Morehouse College Class of 2019 didn’t just earn their degrees; they also got total student loan forgiveness from commencement speaker and billionaire Robert Smith. In a surprise move, Smith announced his family would pay off the student loan debt of every Morehouse student graduating that day, […]

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Can You Refinance Student Loans? A Guide to Student Loan Refinancing

Can you refinance student loans? The short answer is: yes, you can refinance student loans. Both federal loans and private loans can be refinanced. Even if you don’t necessarily need to refinance your student loans, you may be able to save money by doing so. Can You Refinance Federal Student Loans? If you have federal student loans, you…

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3 Best Private MBA Student Loans Today

Getting an MBA will cost you a pretty penny. Master’s of Business Administration degrees cost on average $70,000 or more, according to data from finance company SoFi. At some top universities, that number can easily exceed six figures. Unless you have tons of money to spare, you’ll likely need to turn to student loans to fund […]

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What to Do When Your Physician Employer Doesn’t Qualify for PSLF

I got this email from a reader recently on how many physicians are not getting Public Service Loan Forgiveness (PSLF) because of laws in their state regarding who can employ doctors: I think you should devote one blog to what type of Doc employers would qualify for the PSLF program. Obviously, if a physician is […]

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8 Schools That Offer Bachelor’s Degrees — and Income-Share Agreements

In the 1970s, Yale University offered a program that allowed graduating classes to collectively repay their tuition after finding employment. Everyone who could afford it would pitch in to foot the bill of the entire group. But that first iteration of Income-Share Agreements (ISA) failed spectacularly, as middle-income earners ended up repaying more than classmates […]

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How to Lower IBR Federal Loan Payments

Perhaps the biggest perk with federal student loans is that they have repayment plans based upon how much a borrower earns rather than how much they owe.  These income-driven repayment (IDR) plans include: Income-Contingent Repayment (ICR), Income-Based Repayment (IBR), Pay As You Earn (PAYE) and Revised Pay As You Earn …

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When to Refinance Student Loans

Refinancing only makes sense when it benefits you in some way. This may mean an extended loan term with more manageable monthly payments or a reduced interest rate to save money. If you’re eligible and your loans are eligible, it’s best to refinance your student loans whenever you can achieve your desired benefit. Read on to learn when…

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