With the new year now underway, you may be looking to make a fresh financial start.
But sometimes change can be tough to actually achieve — especially when it comes to your financial life. Paying down debt and saving for your future can seem like overwhelming tasks, and creating a budget just sounds boring.
So how can you get your finances in shape? In tiny, manageable steps.
Here are 31 quick and dirty personal finance tips you can utilize. Try one a day, and in just a month’s time you will have achieved financial change you can take to the bank.
1. List out your debt
Paying off debt can be a common goal for the new year, but the first step is to make a list of all you owe, says Holly Johnson, founder of personal finance blog Club Thrifty.
“Create a list of each debt, how much it is, and its current interest rate. Once you have your list completed, you can figure out a plan to pay off your debts — or drastically reduce them — over the next 12 months,” she says.
2. Pay more than the minimum on your credit card
Don’t let the term “minimum payment” confuse you. When it comes to paying your credit card, settling for the bare minimum makes you a slave to interest.
Jason Butler, founder of The Butler Journal, says, “Pay more than the minimum on your credit card bill each month. Even if it’s five dollars [extra], it will help.”
3. Calculate your daily interest
If you have student loans, you might consider them “good” debt — it was for your education, after all. But when you add up how much interest you’re accruing each day, you might think differently.
Use this formula to estimate your daily interest:
(interest rate) x (current principal balance) ÷ (number of days in the year) = daily interest
4. Automate your savings
Feel like you can’t afford to save? Here’s one trick to try.
“My top quick and dirty tip would be to automate savings,” says Latoya Scott of Life and a Budget. “No matter how big or small, all it takes is setting up a direct deposit with payroll or auto deduction with your bank!”
5. Do an annual review
“Individuals should at least take an annual pulse of their finances,” advises Magdalena G. Johndrow, a certified fund specialist at Farmington River Financial Group. “This doesn’t necessarily mean a full financial overhaul each year, but it could mean making small tweaks that in the long run may pay off.”
As part of this annual review, Johndrow advises looking at your retirement savings and investment allocations, as well as assessing your budget and setting new goals.
You might also want to call in the experts for your annual review if you’ve experienced big changes. “Every few years — or when a major life event occurs such as marriage or having a baby — I would suggest meeting with an advisor to thoroughly scrub through your financial plan. As life changes, you may need to modify your finances in ways you never considered,” Johndrow says.
6. Write down your goals
Did you know that simply writing down your goals makes you more likely to actually achieve them?
“I’m all about writing down your goals — big or small. Whether it’s a house, a new dress, new running shoes, a car, or a vacation, it puts your daily purchases in perspective,” says Allea Grummert, the blogger behind Ask Allea.
“An $8 shirt at Target is less appealing when I know I’m saving up for something better,” she adds.
7. Have a no-spend day
Sometimes spending can turn into a mindless habit. The more you do it, the easier it becomes.
For just one day this month, commit to having a no-spend day. You could save anywhere from a couple of bucks to a lot more, depending on how much you typically spend. This is a good way to hit the reset button and re-evaluate your spending habits.
8. Set up alerts
Get on top of your finances by signing up for text or email alerts for your credit cards, student loans, and other financial accounts.
“Set up alerts for bank accounts and card accounts. These can remind you about payments and alert you to large transactions,” says Julie Rains, a freelance writer at Investing to Thrive.
Spending five minutes doing this now can help you avoid missed payments, overdraft fees, and other costly mistakes.
9. Create a file for taxes
Tax season is around the corner, so it’s time to get organized. “Start putting all your tax information in that file so you’re ready at tax time. Place info about charitable gifts, Goodwill donations, income from side jobs, etc.,” says Rains.
10. Plan fast meals
“I love cooking and cleaning every day after work,” said no one ever. Going out to eat is nice, but can add up fast. Hélène Massicotte from personal finance blog Free to Pursue suggests cooking fast, easy meals with a slow cooker.
“With a slow cooker, you can prepare meals for days at a time and not have to worry about burning anything,” she says.
“You put the food in, set the timer, and it’s ready when you get home, which helps us all avoid the temptation to grab something on the way home because we’re too tired to cook. And the leftovers are always delicious.”
11. Up your retirement contribution
When you’re paying off debt, it’s easy to neglect your future. But you have time on your side, and compound interest can become your best friend if you start saving now.
Jim Wang, the personal finance guru behind Wallet Hacks, suggests upping your retirement contribution — even just a little bit.
“Just log into your 401(k) and increase your contribution rate by 10 percent. If you were contributing $500, make it $550. You probably won’t miss it, but you’ll love it in retirement,” he says.
12. Use cash in certain budget categories
We all have those spending categories that we just can’t seem to tame. To help limit your spending, Steven of Even Steven Money suggests paying cash for those categories.
“Take one part of your budget and pay only in cash. I chose coffee and lunch — I take out $20 each week, and when it’s gone, it’s gone,” he says.
13. Create an anti-budget
The word “budget” can seem like a bad word. It just feels … tedious. If you hate budgets but still want to get your finances in shape, Paula Pant at Afford Anything has the answer.
“Practice the anti-budget. It’s only two steps: First, figure out what slice of your paycheck you want to ‘save’ — by which I mean, use for anything that’ll improve your financial life, such as making extra debt payments, investing in a 401(k), or literally saving in cash,” she says.
“Second, automatically transfer your ‘savings’ from every paycheck into a different account; ideally at a different bank.”
14. Make a five-minute call and ask about discounts
One of the quickest finance tips is to pick up the phone; a quick phone call could save you lots of money.
“Send a message to customer support about things you’re currently paying for and see if they’ll give a discount for your continued loyalty. This could result in benefits like a lower rate on credit cards or a lower cable/internet bill,” says Steven Fox, founder of Next Gen Financial Planning.
15. Update your beneficiaries
Now is also a great time to update your beneficiaries, says Fox.
“Review and update beneficiaries for life insurance policies, IRAs, and 401(k)s. Most people rarely look at it, but it’s extremely important, particularly if you have been through major life changes such as getting married, divorced, or having kids,” he says.
16. Check your credit report
Your credit report can help determine your credit score, so you want to make sure there are no errors. Spend some time checking your credit report to start the new year fresh.
“You can check your Experian credit report for free — and without having to enter a credit card — on FreeCreditReport.com,” says Blaine Lyerla, managing editor of Consumer Education at Experian.
You can also check out AnnualCreditReport.com to get free credit reports from all three credit bureaus.
17. Check your credit score
For the same reasons as above, you should check your credit score regularly. Your credit score is a numeric representation of your credit that informs lenders about what kind of borrower you are.
You can get your free credit score on sites like Credit Karma or Credit Sesame. You may also be able to get your free FICO credit score through your credit card.
18. Go digital
Could downloading your bank’s app make you more mindful of your spending? It worked for Sarah Li Cain, blogger at High Fiving Dollars.
“Sounds silly, but effective: I downloaded an app from my bank. I check my bank account balance to see if I’m on track with my spending goals,” she says.
Strive to spend just one minute a day checking your account balances and transactions. You’ll be proactive against any fraud and check in on your spending.
19. Know your real hourly rate
When you start working at a new job, you might be happily surprised by your salary — or abysmally disappointed. Regardless of your situation, your real hourly rate is different than your salary and should be the foundation of any budget or spending plan.
Look at your pay stubs and see what you’re taking home after taxes. Divide that by the hours worked to find your real hourly rate.
20. Calculate your net worth
Want to take a major step toward financial awareness? Calculate your net worth. How do you do that? Take your assets (cash, investments, etc.) and subtract your liabilities (debts).
21. Sign up for autopay on your debt
Missing a payment can hurt your credit score and tack on unnecessary late fees. Lee Huff from Bald Thoughts encourages people to sign up for minimum payments on your credit card.
“It’s ideal to pay credit cards off in full each month, but life happens, so make sure every credit card is set up to at least make the minimum payment automatically so you don’t get hit with late fees,” he says.
You can also sign up for autopay on your student loans — and might even get a discount on your interest rate.
22. Create targeted savings accounts
Improve your finances by creating more than one savings account. Having all your savings lumped together can make it tough to be clear on your goals.
“Create an emergency fund, car replacement fund, or vacation fund by signing up for automatic transfers to a savings account,” says Zina Kumok, founder of Debt Free After Three.
23. Monitor spending
One easy way to get a grasp on your money is to see where it’s actually going.
“Start monitoring your spending better by signing up for a site like Mint.com. See how much you spend and cut back on something unnecessary,” says personal finance writer Karen Cordaway. “It can identify money leaks and help you quickly sidestep future spending.”
24. Unsubscribe from sales emails
The temptation to spend is everywhere, but the hottest spot has to be your inbox. Consider unsubscribing from sales emails using Unroll.me.
25. Find out if you need a raise
Has it been awhile since you got a raise or promotion? Look on PayScale and Glassdoor to see if you need a raise for the new year based on your job, experience, and location.
Need some tips before you ask for a pay bump? Learn how to negotiate.
26. Start saving for the holidays now
Right after the holidays, you should start saving for next year. If you struggled to afford this past holiday season, you might wonder how you can start saving for the next one. That’s all the more reason you should start saving ASAP, says family finance expert Cat Alford.
“I put $50 a month in a Christmas fund starting in January,” she says. This strategy has paid off — this year, she actually has money left over, rather than going into debt.
27. Find investment opportunities anywhere
Have you ever felt like you couldn’t afford to invest? Financial educator Buddy Broome says that you can find spare cash to invest with a little work.
“One example is to look at any recurring bill that someone pays monthly. For example, if the customer typically pays $100 each month to the gym for membership, what if the customer paid the gym $1,000 upfront?” he says.
Offering to pay a monthly charge upfront for a longer period of time could net you a discount — which could free up some money to invest with.
28. Put your spare change to work
Small change can make a big impact. Consider signing up for Spared or Qoins, which puts your spare change toward your student loans. You can also invest your spare change using Acorns.
29. Adjust your tax withholding
If you celebrate a refund every year come tax time, you might be overpaying your taxes. While a refund is nice, putting more money back in your paycheck to pay off debt can be more helpful.
Many of us aren’t good with lump sums of money, so consider adjusting your tax withholding instead.
30. Sell unwanted goods
Before the year gets much older, it’s time to purge! Get rid of all the things you no longer want or need and sell it on apps like OfferUp. You can use your smartphone to easily snap a pic, post a description, and sell your items.
Use that extra money to pay down debt or increase your savings.
31. Tweak your budget for the new year
Whether you practice a traditional budget, the anti-budget, or a spending plan, it’s important that you plan for the year ahead.
“Refresh your yearly budget to account for changes to your income and expenses, and maintain a realistic view of your financial plan,” says Shahar Ziv, founder of Acing Your Finances, a financial education firm.
“Oftentimes, expenses rise in the new year — landlords raise rent, monthly premiums on health insurance go up — and, hopefully, income rises too. Refreshing your budget will give you a more accurate view for the new year and allow you to reallocate ahead of time,” he says.
Changing your financial life can be tough, but don’t let the big picture get you down. Using these 31 personal finance tips, you can take steps every day to better your financial situation.
Interested in refinancing student loans?Here are the top 9 lenders of 2021!
|Lender||Variable APR||Eligible Degrees|
|1.89% – 6.15%1||Undergrad & Graduate|
|1.99% – 5.64%2||Undergrad & Graduate|
|3.80% – 9.36%3||Undergrad & Graduate|
|1.91% – 5.25%4||Undergrad & Graduate|
|2.25% – 6.53%5||Undergrad & Graduate|
|2.15% – 4.42%6||Undergrad & Graduate|
|1.89% – 5.90%7||Undergrad & Graduate|
|2.39% – 6.01%||Undergrad |
|2.00% – 5.63%8||Undergrad & Graduate|
|Check out the testimonials and our in-depth reviews! |
1 Important Disclosures for Splash Financial.
Splash Financial Disclosures
Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount
The information you provide to us is an inquiry to determine whether we or our lenders can make a loan offer that meets your needs. If we or any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. We do not guarantee that you will receive any loan offers or that your loan application will be approved. Offers are subject to credit approval and are available only to U.S. citizens or permanent residents who meet applicable underwriting requirements. Not all borrowers will receive the lowest rates, which are available to the most qualified borrowers. Participating lenders, rates and terms are subject to change at any time without notice.
To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Splash Financial and our lending partners reserve the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen and meet our lending partner’s underwriting requirements. Lowest rates are reserved for the highest qualified borrowers. This information is current as of May 1, 2021.
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 2.98% APR (with Auto Pay) to 5.49% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 5.34% 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 October 26, 2020, 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 10/26/2020. 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 protected], or call 888-601-2801 for more information on our student loan refinance product.
© 2020 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 CommonBond.
Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. 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 0.15% effective Jan 1, 2021 and may increase after consummation.
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.
Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of 5 years and is reserved for applicants with FICO scores of at least 810.
As of 02/17/2021 student loan refinancing rates range from 1.91% APR – 5.25% Variable APR with AutoPay and 2.95% APR – 7.63% Fixed APR with AutoPay.
5 Important Disclosures for SoFi.
6 Important Disclosures for PenFed.
Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.89%-4.78% APR and Variable Rates range from 2.15%-4.42% APR. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be 2.00%. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
7 Important Disclosures for Laurel Road.
Laurel Road Disclosures
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.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.
Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
Variable Rates: The current index for variable rate loans is derived from the one-month London Interbank Offered Rate (“LIBOR”) and changes in the LIBOR index may cause your monthly payment to increase. Borrowers who take out a term of 5, 7, or 10 years will have a maximum interest rate of 9%, those who take out a 15 or 20-year variable loan will have a maximum interest rate of 10%.
KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of April 29, 2021. Information and rates are subject to change without notice.
8 Important Disclosures for Nelnet.
Checking your rate results in a soft credit pull, which will not affect your credit score. If you continue with your application, Nelnet Bank will request your permission to obtain your full credit report from one or more consumer reporting agencies. This is a hard credit pull and may affect your credit score.
Interest rate reduction of .25% for automatically withdrawn payments from any designated bank account (“auto debit discount”). Auto debit discount applies when full payments (including both principal and interest) are automatically drafted from a bank account. The auto debit discount will continue to apply during periods of approved forbearance or deferment if the auto debit discount was in effect at the time of receiving the forbearance or deferment. Auto debit discount will remain on the account unless (1) the automatic deduction of payments is canceled or (2) there are three consecutive automatic deductions returned for insufficient funds at any time during the term of the loan.
Request for the cosigner to be released can be made by the borrower after 24 consecutive, on-time payments (not later than 15 days after the due date) of principal and interest have been made. Borrowers in deferment or forbearance must make 24 consecutive, on-time payments after re-entering repayment to qualify for the release. The borrower must be current on their payments at the time of the cosigner release request and show the ability to assume full responsibility of the loan(s) by meeting certain credit criteria on their own at the time of the request, including, but not limited to, being a U.S. citizen or having permanent residency in the United States, being the age of majority in their permanent state of residency, providing sufficient proof of income, and having no student loans in default.
Hardship forbearance allows you to temporarily suspend payments on your loan(s) while you are experiencing financial hardship. It is offered in increments of two or three months, with a maximum of 12 months available, in aggregate, over the life of the loan. If your loan(s) are in good standing at the time of your request, you will be eligible for forbearance in increments of two monthly payments. If, at the time of your initial request, your loan(s) are considered past-due, you will be eligible for forbearance in increments of three monthly payments. Future increments of forbearance, up to a life-time maximum of 12 months, may be requested upon the completion of making a certain number of principal and interest payments. During the two- or three-month forbearance period, you will not be required to make payments; however, any unpaid interest will continue to accrue and will be capitalized (added) onto your principal balance at the end of the forbearance period. You may continue making payments in any amount without penalty during the forbearance period. Your loan repayment term will be extended by the number of months in the forbearance period.
Refinance Loan Eligibility: You must be a U.S. citizen or permanent resident alien with a valid U.S. Social Security number, and be the legal age to enter into binding contracts in your permanent state/territory of residency, or be at least 17 years of age and apply with a cosigner who is at least the age of majority in their state/territory. Non-residents can apply with an eligible cosigner who is a U.S. citizen or permanent resident alien with a valid U.S. Social Security number. The student loans you refinance must be in their grace or repayment period, and you can no longer be enrolled in school on a half-time or more basis. You must have at least $5,000 in student loans to refinance. You, or your eligible cosigner, must have an annual income of at least $36,000. Approval subject to credit review. Other credit criteria may apply.
Refinance Loan Limits:
Loan Refinancing Risks: Federal student loans include benefits that may not be offered with private student loans. Carefully review any potential benefits that may be lost by refinancing federal and private education loans, such as the loss of any remaining grace periods. To learn more about what to take into consideration when refinancing federal student loans with private education loans, click here
Selecting ‘Get Started’ results in a soft credit pull, which will not affect your credit score. If you continue with your application, Nelnet Bank will request your permission to obtain your full credit report from one or more consumer reporting agencies. This is a hard credit pull and may affect your credit score.
Fixed interest rates range from 2.99% APR (with auto debit discount) to 6.25% APR (without auto debit discount). Your interest rate will depend on your (and if applicable, your cosigner’s) credit qualifications. The fixed interest rate will remain the same for the life of the loan.
Variable interest rates range from 2.00% APR (with auto debit discount) to 5.63% APR (without auto debit discount). Your interest rate will depend on your (and if applicable, your cosigner’s) credit qualifications. Variable rates may increase after consummation. The variable interest rate is equal to the One-Month London Interbank Offered Rate (“One-Month LIBOR”) plus a margin. The One-Month LIBOR in effect for each monthly period (from the first day of the month through and including the last day of the same month) will be the highest One-Month LIBOR published in The Wall Street Journal “Money Rates” table on the twenty-fifth (25th) day (or if such day is not a business day, the next business day thereafter) of the month immediately preceding such calendar month. The Annual Percentage Rate (APR) for a variable interest rate loan will change monthly on the first day of each month if the One-Month LIBOR index changes. This may result in higher monthly payments. The current One-Month LIBOR index is 0.15% as of 5/4/2021.
The lowest interest rate for each loan type requires automatically withdrawn (“auto debit”) payments, a five-year repayment term, and the borrower making immediate principal and interest payments. Not all borrowers will receive the lowest rate. The interest rate and Annual Percentage Rate (APR) may be higher depending upon (1) the credit history of the borrower and, if applicable, the cosigner, (2) the repayment option and loan term selected, (3) the loan type selected, and (4) the highest level of education attained. If approved, applicants will be notified of the rate qualified for within the stated range.
*Checking your rate results in a soft credit pull, which will not affect your credit score. If you continue with your application, Nelnet Bank will request your permission to obtain your full credit report from one or more consumer reporting agencies. This is a hard credit pull and may affect your credit score. **Your actual savings may vary based on interest rates, outstanding balances, remaining repayment terms, and other factors.