What does the U.S. Department of Education do and what would happen if it were to be abolished?
As discussions about the potential abolition of the U.S. Department of Education resurface in political discourse, we aim to provide […]
What are good student loan forgiveness programs?
TL;DR: Student loan forgiveness programs offer ways to reduce or eliminate student debt for eligible borrowers, often through working in
What is a credit score?
TL;DR: A credit score is a three-digit number that reflects your creditworthiness, impacting your ability to get loans, credit cards,
What is an unsecured loan?
TL;DR: An unsecured loan is a type of loan that doesn’t require collateral, meaning you don’t need to pledge any
What is a secured loan?
TL;DR: A secured loan is a type of loan backed by collateral, which is an asset you pledge (like a
What is interest?
TL;DR: Interest is the cost of borrowing money, usually expressed as a percentage. When you borrow, you pay interest to
What is a Standard Fixed Repayment Plan?
TL;DR: A standard fixed repayment plan is a loan repayment option where borrowers make the same monthly payment for a
What is a Graduated Repayment Plan?
TL;DR: A graduated repayment plan is a student loan repayment option where payments start low and increase over time, usually
What Are Private Student Loans and When Should You Use Them?
TL;DR: Private student loans are issued by private lenders like banks, credit unions, and online lenders, rather than the government.
What Are Student Loan Options for Parents?
TL;DR: Parents who want to support their children’s education can explore several student loan options, including federal Parent PLUS Loans,