How to Refinance Student Loans (and Save on Interest)

Refinancing your student loans can help you lower your interest rate, simplify your payments, and potentially save thousands over the life of your debt. Understanding how to refinance student loans and compare student loan refinancing rates puts you in control of your repayment strategy. What Is Student Loan Refinancing? Student loan refinancing means replacing one or more existing student loans …

Federal Loan Interest Rates Are Lower – But Are They the Right Choice for You?

Good news: starting July 1st the interest rate for Federal Loans is lower than the borrowing rate for Academic Year 2024-25. This year, students will be charged 6.39% and parents will pay 8.94% for Federal Direct and Federal Direct Plus Loans respectively.  The Origination Fees are unchanged for each: 1.057% for Direct Loans and 4.228% for Plus Loans. Students and …

Federal Student Loan Rates Are Soaring – Here’s What To Do

Paying for college has always been a challenge but this year may be the worst ever. To top off a difficult financial aid season, interest rates on Federal Direct Loans for students and parents are set to increase, a lot. This article will tell you why the interest rates are going up, offer some strategies to borrow at the least …