I just recently took out a private student loan with a 10.00 APR interest! How long should I wait until trying to refinance the loan? I’m currently working full-time and taking online courses. I have a good to excellent credit score.   Because you’re working full time it’s not out of the question to consider […]

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Ask Jeni is a service offered to tuition.io users that lets real borrowers ask Jeni Burckart, our student loan coach, questions about their student loans. Here’s an example of one of those questions. I’m interested in learning about options for consolidating student loans. My child is beginning the loan repayment process and we would like […]

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You may think that life insurance is for older people, those that are married with kids or that have mortgages and serious assets. For the most part, this is correct. Most jobs with benefits come with a modest amount of life insurance at little or no cost that’s enough to cover funeral costs. For most […]

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It wasn’t too long ago that the Consumer Financial Protection Bureau (CFPB) was empowered by Congress to take on colleges and student loan servicers like veritable financial super heroes. And they’re not resting on their laurels – they’re rapidly evolving into the tough cops on the student loan block, most recently by filing a lawsuit […]

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If you’ve got private student loans but can’t afford to pay them, you may wonder if you have any defenses to get out of the debt. If you’re deeply underwater with debt and you’re not earning enough to cover them nor are your circumstances likely to change, here’s what you should know. First, while student […]

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The general consensus is that student loans last forever – but that’s just not true. Of course, the optimal situation is that you take out no more debt than you can afford to repay, graduate, get a good job in your field and earn enough to pay your student loans. You then knock them out […]

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The Consumer Financial Protection Bureau (CFPB) is living up to its promise to be a watchdog on the student loan industry. Last week, they issued a report on private student loans that should cause all borrowers with a cosigned loan to sit up and take notice. The report covers the six months from October 2013 […]

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Our first piece of advice if you’re considering a private student loan is to first max out all available federal loans. These loans have more alternatives than private loans, including repayment plans that are tied to income, forbearance and forgiveness options. Private loans should only be tacked onto your federal loans if you are confident that after […]

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If you need to borrow to pay for college, graduate school, medical school or trade school, your first choice should be federal student loans. Even if a private student loan interest rate is more competitive than a federal loan, there are other advantages to borrowing from Uncle Sam, including income dependent repayment plans, Public Service […]

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