Defaulting on a student loan can have adverse impacts to your financial stability for many years to come. If you are taking out a student loan for your educational purposes, it is important to consider how your long term financial future can be impacted should you opt to default on the loan due to financial
In another article, I wrote about my personal experience with student loans and the mistake I made of deferring the interest to reduce payments in the early years. Most students have no idea what they are getting themselves into when they agree to the terms of a loan. Paying something off years in the future
Here are some things to consider before you decide to consolidate your variable-rate student loans. 1) One of the most compelling reasons to consolidate now is that Federal loan interest rates, which are based on recent T-bill rates, are at close-to-historical lows — 3.625 percent for a loan in its grace period, 4.25 percent for
You attended your classes, you passed your tests, and you finally graduated, only to find yourself up to your eyeballs in debt. The average new graduate will start out their professional lives between $20,000 to $30,000, with private school attendees facing far higher numbers. Here are a couple of ways in which you, with a