Understand Your Student Loan Situation

For many of us, student loans are a necessary part of the education process.  Regardless of your situation, you have loan options available to you to make your education and your life after school easier.  As you review your options (with our help), you most likely fall into one of two categories:

If you are a new student in search of a loan.

Figuring out how to pay for college can be very stressful.  Here is what we recommend to ease the stress. 

You should apply for all scholarships, grants, and work-study programs you are eligible for.  This is a good way to get money for college, that you won't have to pay back in the future. 

You should then apply for federal student loans before deciding to take out private student loans.  Why?  Federal student loans have borrower protections that you may not find with private loans, such as forgiveness programs (in cases of financial hardship) or income-based repayment plans.

For many of us, the reality is that scholarships, grants, and federal loans will not cover the full cost of college, and that is where private student loans can play a key role.  

If you are student looking to pay for college for the first time, then review our list of:


If you are post graduate in the workforce.

If you have already graduated college and are currently working or about to start a job, there are loan options to consider, as you may be paying more than you need to.  Refinancing your current student loan could be a great way to save money and reduce your overall payments.

If you already have student loans and are looking to refinance, then review our list of:


 

Need help with something else?

See what we recommend for: