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Wednesday, June 7th
Who knew a credit card company would be one of the best choices for student loans? Discover makes funding an education possible for more people than most lenders: associate's degree-seeking students are welcome here, the required enrollment is only half-time or more, and even 16-year-olds can apply. And, just like their credit cards, you've got opportunities for cash back rewards on your loan. Be aware that their interest rates tend to be higher, and only 15-year repayment terms are offered. In all other aspects, however, Discover's student loans are absolutely worth your consideration.
SoFi was the first provider of refinancing for federal and private student loans, and they've been offering their own lending platform for educational funding since 2019. You'll find more choices than usual here, with terms ranging from 5-15 years and four different repayment plans on both fixed- and variable-rate loans. On the downside, we found interest rates here to be higher than average, and not all borrowers are satisfied with the SoFi customer service experience.
With 45% of high school graduates finding it necessary to take on student debt to finance their higher learning, that's an important question to answer. While most student loan debt comes from federal loans, some people discover that their government loans just aren't enough to cover the full costs of tuition, room and board, expensive textbooks, and everything else necessary for their college education.
If you find yourself in that situation - for your studies or your children's - you might get overwhelmed trying to figure out where the money will come from. And even once you've selected a lender, you still need to decide what repayment terms are best. Fixed- or variable-rate? Interest-only or small fixed repayments while still in school or fully deferred for 6-9 months after graduation? Repaying over five years or twenty? There are a lot of factors to consider that are unique to you.
Fortunately, there are quite a few providers of student loans that can help you not only figure out those answers but also connect you with the money you need to pay for school. Many of them can even prequalify you for a loan with just your name, address and birthdate, with no impact on your credit report. Rest assured that millions of students (and many of their parents) have successfully navigated this process - and you can too.
Here are several aspects of student loan providers to keep in mind as you decide which ones merit further consideration:
To help you get the funds you need for your education, TopConsumerReviews.com has evaluated and ranked the best options for student loans today. We're confident that this information will make it possible to find the right way to cover the costs of your tuition, books and more!
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Payments for student loans to resume on Aug. 29
MEMPHIS, Tenn. - Memphis lawyer Bailey Ehrenpreis is mentally preparing for a student loan payment of $2,000 a month. “I'm hoping to have them paid in the next ten years,” he told FOX13. After graduating from the Cecil C. Humphreys School of Law in ...
Tue, 06 Jun 2023
YAHOO!News on MSN
Voting rights to student loan forgiveness: 5 key Supreme Court ...
The justices must issue opinions on dozens of cases before they break for recess in late June or July. Among the rulings yet to be announced are in cases involving affirmative action, LGBTQ+ rights and student debt relief.
Tue, 06 Jun 2023