Refinancing, forgiveness, interest — oh my! Student loans are one of the scariest and hairiest parts of many people’s finances. But that’s what Student Loan Hero is all about: helping you untangle the mess of your student debt and find the best path for repayment.
We’ve rounded up the 16 articles that our readers visited and loved the most this year. These can’t-miss pieces include tips for everything from refinancing student debts to buying a home while repaying student loans.
The top articles of 2016 have plenty of helpful information that you can use to more effectively tackle your student loans in 2017. Check them out below!
With an average student loan balance of $183,000, medical school graduates need to be on top of their debt repayment game.
This article provides advice for physicians, doctors, and other medical professionals to tackle their giant student loans. It includes a complete list of programs that offer assistance and student loan forgiveness specifically to doctors.
Student loan forgiveness is the dream for borrowers who don’t see another way out of their debts. That makes the Public Service Loan Forgiveness (PSLF) program worth checking out.
PSLF promises loan forgiveness after 10 years of repayment for workers serving the public. This article will help you learn more about this program, what you have to do to qualify, and how it could affect your student debts.
Student loans can be a huge financial burden, but they shouldn’t hold you back from big life steps you want to take. It’s definitely possible to buy a home even if you have student debt. This article outlines the steps you can follow to become a homeowner while repaying student loans.
Tax season is just weeks away, so bookmark this guide to claiming student loan tax credits.
You can get a bigger refund by writing off education-related expenses for yourself or a dependent, or you can deduct the interest you paid on student loans. Either way, don’t miss this chance to use your student loan or college expenses to offset your tax costs.
Good news for nurses struggling with student loans: There are many programs that offer student loan assistance or forgiveness just for you.
It’s well worth the time to review this comprehensive list of repayment assistance programs offered by non-profits, employers, and federal, state, and local governments.
President Obama’s student loan policies and programs include several valuable resources and protections. Unfortunately, Obama student loan forgiveness is not one of them.
Scammers have used this term to rip off student loan borrowers looking for relief. Get the real scoop on Obama loan forgiveness scams, and see how you can protect yourself.
With President-Elect Donald Trump’s inauguration ceremony set for January 20, many borrowers are wondering what the next four years will mean for their debts. This article gives an overview of Trump’s student loan plan and what it could mean for student loan debtors and taxpayers.
Recent graduates have seen that grants helped them cover college costs. Why not use grants to help repay student loans, too? Unfortunately, it’s not that simple.
Learn about whether you can use grants to repay student debt, and what your other options are for tackling these loans.
When debts get out of control, bankruptcy is an important failsafe that helps borrowers cope and recover. But using bankruptcy to discharge student loans is a little more complicated. This article outlines when it’s possible to discharge student debts in bankruptcy and how to do it.
Buying a home while repaying student loans is possible, but it’s not always a smart move. This list gives you 10 things to consider if you have student debt and want to buy a home.
Refinancing federal student loans can be a way to secure lower interest rates and cheaper monthly payments. It doesn’t always deliver these benefits, though, and you make some significant tradeoffs.
If you’re considering refinancing federal student loans with a private lender, this guide will help you decide if that’s the right move.
Do you know how much your student loans are costing you each month? This guide to student loan interest can help you figure it out. It explains how interest is calculated, applied, and how extra payments affect the interest you accrue.
Student loan interest is key to the difference between subsidized and unsubsidized federal student loans. This post explains each type of loan to help you better manage your debt.
Refinancing student loans is a big step, but this list of 10 questions will guide you through the process. Learn what your student loan goals are — and whether refinancing could help you achieve them.
Choosing to refinance your student loans can make them more affordable, but there are other reasons to do it, too. See the six ways refinancing your student loans now can make them cheaper, simpler, and better in the year to come.
If you swipe your credit card for almost everything, you might have wondered if you can use it to repay student debts, too. This article outlines whether it’s possible and what you should know before trying it.
Interested in refinancing student loans?Here are the top 6 lenders of 2019!
|Lender||Variable APR||Eligible Degrees|
|Check out the testimonials and our in-depth reviews!
1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.50% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of April 17, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 04/17/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on our student loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.49% effective March 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.50% – 7.27%1||Undergrad & Graduate|
|2.50% – 7.12%3||Undergrad & Graduate|
|2.81% – 8.79%4||Undergrad & Graduate|
|2.50% – 6.65%2||Undergrad & Graduate|
|2.55% – 7.12%5||Undergrad & Graduate|
|3.00% – 9.74%6||Undergrad & Graduate|