Whether you’re taking out student loans for the first time or have taken them out before, odds are that you’ve heard a lot of fact and fiction about the process. Here are five of the most common misconceptions around graduate student loans.
Navigating dental school is challenging. Between the long hours in the classroom and training, there’s little time to think about your finances. However, now is the best time to start saving. Whether your goal is to pay off debt, increase your savings or start investing for the future, there’s no time like the present to get started.
If you are about to graduate, the biggest financial decision ahead of you – will be what to do about your student loans.
Before you settle on a loan repayment program, you’ll need to understand if you operate at a cash surplus or deficit, This requires understanding all of your monthly expenses. Once you know that, you’ll be able to plug in the potential loan payments and see what will work best for your specific situation.
There’s a pretty good chance that if you have student loans (and even if you don’t), you have received a flyer or some type of marketing piece describing how much interest you would save if you “refinanced” your student loans. There has been tremendous growth in the private student loan market and with that growth has come lots of marketing that has left recent grads confused and unsure about their debt. This post will discuss various aspects of refinancing your loans with a private lender and some of the potential negative consequences.