If you are in college, you may be wondering if you qualify for federal student loans. The answer is yes! If you are enrolled in an eligible program at an eligible institution, then you can receive federal student loans. Eligible programs include undergraduate and graduate programs, including certificate programs. Eligible institutions include any accredited public…

Deferments are periods of time when you can temporarily stop making payments on your federal student loans. If you’re in school or have recently graduated and need some breathing room, a deferment can help you avoid defaulting on your loans. In this post, we find out about what does deferment mean for student loans, how…

If you have student loans, you may be eligible for a tax credit. The American Opportunity Credit is available to taxpayers who are paying off student loans. If you’re an employee and your employer has provided you with tuition assistance, you can also claim this credit. In this post, we convey the details of tax…

In this guide, we review the aspects of: are student loans simple or compound interest, how are student loans compounded, how often are student loans compounded, do student loans compound daily, and are student loans compounded monthly. If you have student loans, you may be wondering whether they’re simple or compound interest. The answer may…

It’s hard to find the answer to this question. The information you’ll find online is contradictory, so we decided to do some digging ourselves. In this guide, we find out: do private student loans accrue interest while in school, do unsubsidized loans accrue interest while in school, when do you start paying back private student…

You’ve probably heard of wage garnishment, which happens when a creditor takes a portion of your paycheck to cover what you owe them. But did you know that the government can also do that? In this post, we consider: can government garnish wages student loans, student loan pause, can student loans garnish your spouses wages,…

Sallie Mae is the largest private lender of student loans in the country. The company was created in 1972 as Student Loan Marketing Association (SLMA), but was purchased by its current owner in 1997. Today, Sallie Mae helps more than 12 million people each year pay for their education by providing them with financial assistance…

Direct-to-consumer student loans have become increasingly popular in recent years, as they offer students more control over their financial aid and borrowing decisions. With a variety of options available, it can be hard to know which lender is the best choice for your specific needs. In this article, we will explore some of the best…

Student loan debt is a growing concern for many college graduates, with nearly half of them struggling to repay their loans. For some, the burden becomes so overwhelming that they turn to their parents for help. While it may be a difficult decision to ask for financial assistance from parents, it is a reality that…

Many students have their hopes set on a small group of top schools — the Common App flags over 40 schools as dream schools, many perfect for the future hedge fund manager or tech startup founder. Private student loans are a great way to get into these schools, but there is one big drawback —…