Student Loan Help and Information
Student debt statistics aren’t pretty. In fact, they’re downright depressing. Student loan debt has risen over 300 percent in the past eight years, with the average debt for a four-year graduate today around $24,000. That’s an awful lot of debt to be carrying into the job market.
With all those loans looming upon graduation, it’s no wonder why more and more students are in debt.
Types of Student Loans
If you’ve attended college, or are planning to attend, chances are you’re going to apply for student loans. But while some college debt these days is practically unavoidable, picking the right type of loan can help minimize how much debt you’ll eventually owe.
There are many different types of student loans, but all of them fall under two main categories: private or federal.
- Loans given by banks, credit unions, or other non-governmental lenders
- Interest rates vary
- Payment options aren’t as flexible as federal student loans
- Loans given directly to the student by the government
- Interest rates are usually fixed, meaning a set rate throughout the duration of your loan
- Income-based payment plans
When it comes to federal loans, your two options are Stafford Loans and Perkins Loans. Both have fixed interest rates, but both have various eligibility benefits based on your financial standing.
At a collective debt of over $1 trillion, student loan debt has quickly become one of the biggest sources of debt in this country. But while having a college degree is still important, more and more people are having a hard time finding ways to pay for it.
That’s where we come in. We’re here to help you stay on top of your student loans. Interested in learning more? Fill out our form above or give us a call to chat with one of our credit counselors for more information on how you can pay off your student loans faster and easier.
For more information on student loans, please visit:
College Budgeting Advice. Take control of your finances! Read our tips for managing your money wisely and creating budgets that work for you.
Student Loan Statistics. Student loan debt is more common than you may think. Explore the facts of how student loans affect Americans, plus tips on how to deal with your debt.
What is Student Loan Consolidation? If you’re thinking about consolidating student loans, there’s a lot you should know. We’ve got all the essential information in this detailed post.
Federal Student Loans vs. Private Student Loans. Is there a difference between these types of student loans? Short answer: yes! Learn the differences before deciding which is right for you.
Types of Student Loans: A Full Breakdown. In addition to federal and private, there are other types of student loans to consider. Read our guide to understand them all!
Student Loan Repayment Options. When it comes to paying back your student loans, it’s best to know your options before the time comes to repay. Learn everything you need to know in this article.
Key Considerations When Applying for Student Loans. The student loan application process doesn’t have to be overwhelming. Keep these considerations in mind before applying!
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For more information on debt consolidation, please visit:
Why Choose CreditGuard? Learn what sets our debt consolidation services apart from the rest and how we can help you take control of your debt.
The Ultimate Debt Survival Guide. Need some practical advice for dealing with debt? You’ve come to the right place. This free downloadable guide can teach you the basics of managing debt (and more).
Is Debt Settlement a Good Idea? Debt settlement and debt consolidation are not the same. Learn more about the process (and consequences) of settling your debts before going down that path.