Interest Rates on Federal Student Loans
Question: “What kind of interest rate can I get on a federal student loan, and will it be higher or lower than the rate on a private loan?” Before I answer your question (as best I can, at least), we need to go over some basic definitions. This is for the benefit of other readers who may not be familiar with this kind of terminology. The Federal Student Loan Defined This is a type of...
Read MoreEliminate Student Loan Debt with These Programs
There are programs to help eliminate student loan debt, in exchange for some type of community or military service. This article gives a quick overview of how these programs work. Each year, millions of young men and women use student loans to pay for college. And many of them graduate with a new diploma … and mountains of debt. The effects can be far reaching. You’re just starting...
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