Assessing how much you need to borrow to pay for school is a task you’ll probably have to figure out every year to ensure you cover all of your college expenses. All you need to do is follow a few steps to help you calculate your financial needs.
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The interest rate is important because it influences the overall cost of the loan. Understand the differences between fixed and variable interest rates to determine which is right for you.
You’re finally an adult! You now have freedom and independence from the rules you endured as a child. With this new freedom also comes new responsibilities – specifically financial responsibilities. Sarah Montgomery from ULoop/UWire discusses the five key ways to take control of your financial future so you can enjoy…
Depending on your family’s financial situation, federal aid may cover some or all of your student’s tuition, housing, books, supplies and other college expenses. While some types of aid, like student loans, need to be repaid with interest, grants and work-study earnings do not need to be repaid. Qualifying for…
If you’re struggling to make ends meet, you may want to consider a deferment or forbearance. These options may help avoid becoming delinquent or defaulting on your loans.
As a borrower, you have certain responsibilities such as making on-time payments and staying in touch if you move. Understanding your obligations and the consequences of failing to repay your student loans is crucial in maintaining your financial health.