Refinancing Student Loans

How Refinancing Student Loans Can Save You a Lot of Money

Refinancing student loansThere’s a very good reason why student loan debt is discussed frequently today. At the present time, there is in excess of $1.35 trillion dollars of student loan debt owed by borrowers in the USA. Is it any wonder that refinancing student loans is so popular?

This tremendous amount of debt is taking its toll on so many individuals. On the Federal student loans alone, a little more than 13% are in default before they even reach two years of repayment. That is a very serious default rate.

View full post…

Posted: November 29, 2016
Under: Student Loans
By: Gust Lenglet
Read More... Please comment

Refinancing a Student Loan – Be Aware

5 Steps to Consider Before Refinancing a Student Loan

Refinancing a student loan In other articles, I have discussed the cost and debt implications of having a student loan.  With the rising cost of college tuition, many young adults are getting in over their head and looking for answers once they graduate.  Refinancing a student loan can give you lower monthly payments and allow you to build more savings or pay current debts off.

It‘s important to first ask yourself the ever important question of why you want to refinance your student loan.  If you have a fixed rate Un-subsidized Stafford Loan, which is the most common type of federal loan for students, you need to be aware that interest rates for these loans have not changed.

Many refinancing options will switch you from a fixed rate loan to a variable rate loan.  This means that the monthly payments on your loan may be smaller when you first refinance but could increase significantly over time. A variable rate loan could end up putting you in a worse position down the road. View full post…

Posted: October 12, 2013
Under: Student Loans
By: Gust Lenglet
Read More... 6 Comments

Sign up for new posts & relevant tax changes

We do not share your email address with anyone – ever.

NATP Member

NATP Member

Categories

Gust Lenglet, Platinum Author

Gust Lenglet, EzineArticles Platinum Author

Legal Disclosure

Our firm provides the information in this website for general guidance only, and it does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with a competent professional tax, accounting, legal, or other professional advisers. For information on how to use this data, you are advised to read our Legal Disclaimer page and our Circular 230 page.
HBS Financial Group, Ltd. © 2006-2020 All rights reserved.

Powered by Kinsta Wordpress Hosting