Earnest vs. Citizens Bank Student Loan Refinance Comparison
The Student Loan Sherpa
by Michael Lux
2y ago
Two of the largest refinance lenders are Citizens Bank and Earnest. Neither lender earns a spot in the top five of our lender rankings, but both have solid reputations for helping borrowers. Even though these lenders both offer low interest rates, there are major differences between the two companies. From ... Read More The post Earnest vs. Citizens Bank Student Loan Refinance Comparison appeared first on The Student Loan Sherpa ..read more
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Getting a Lower Interest Rate with Navient
The Student Loan Sherpa
by Michael Lux
2y ago
Getting a lower interest rate from Navient isn’t easy. They profit from the interest they collect, so they want to collect as much interest as possible. However, to the credit of Navient, some borrowers can get the interest rate help they desperately need. The program is called the Rate Reduction Program. ... Read More The post Getting a Lower Interest Rate with Navient appeared first on The Student Loan Sherpa ..read more
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Can You Refinance Private Student Loans?
The Student Loan Sherpa
by Michael Lux
3y ago
In the world of student loans, refinancing federal debt is a hot topic. Borrowers are permitted to refinance federal loans, but it is a risky move. Private student loans are a different story. Borrowers can refinance private loans at any point, which comes with less risk than a federal refinance. ... Read More The post Can You Refinance Private Student Loans? appeared first on The Student Loan Sherpa ..read more
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What is a Student Loan Co-Borrower?
The Student Loan Sherpa
by Michael Lux
3y ago
Some student loan lenders now use the term co-borrower instead of the more traditional term, cosigner. While this terminology change is arguably a positive for consumers, it also creates some confusion. Co-borrower and cosigner sound very similar, yet there are significant differences between the two roles. However, these differences don’t ... Read More The post What is a Student Loan Co-Borrower? appeared first on The Student Loan Sherpa ..read more
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PSLF: Ten Years or 120 Payments?
The Student Loan Sherpa
by Michael Lux
3y ago
When discussing Public Service Loan Forgiveness (PSLF), many borrowers get confused about the difference between ten years at an eligible employer and 120 certified payments. Even though 120 payments add up to ten years, there some significant differences. The big fear for most borrowers is if they have to start ... Read More The post PSLF: Ten Years or 120 Payments? appeared first on The Student Loan Sherpa ..read more
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How to Use Graduate School as a Path to Student Debt Freedom
The Student Loan Sherpa
by Michael Lux
3y ago
Graduate school might be a reasonable option for borrowers with a student loan mess. The idea of borrowing more money to fix the problem of too much student debt sounds dumb. After all, you wouldn’t run up more credit card debt to fix your high credit card bills. However, many borrowers ... Read More The post How to Use Graduate School as a Path to Student Debt Freedom appeared first on The Student Loan Sherpa ..read more
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Citizens Bank Student Loan Refinance Review
The Student Loan Sherpa
by Michael Lux
3y ago
Note: The Citizens Bank Refinance Review was last updated on 6/26/21 to include the latest interest rate information and a $200 new customer bonus. Citizens Bank is one of the few remaining traditional banks left in the student loan refinance marketplace. Even though most banks have fled the student loan ... Read More The post Citizens Bank Student Loan Refinance Review appeared first on The Student Loan Sherpa ..read more
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How to Decide Between PAYE and REPAYE
The Student Loan Sherpa
by Michael Lux
3y ago
Many borrowers find choosing between PAYE and REPAYE challenging. Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE) don’t merely sound similar — many of the key terms of these plans are identical. However, despite the many similarities, there are times when one repayment plan is significantly ... Read More The post How to Decide Between PAYE and REPAYE appeared first on The Student Loan Sherpa ..read more
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Rubio Shows Incompetence on Student Loan Crisis
The Student Loan Sherpa
by Michael Lux
3y ago
When it comes to new student loan legislation, I try to take a glass-half-full approach. Every bill or policy will inevitably have shortcomings, but if it is helping some borrowers, I view it as a positive. Sadly, there is no positive spin to be put on legislation recently re-introduced in ... Read More The post Rubio Shows Incompetence on Student Loan Crisis appeared first on The Student Loan Sherpa ..read more
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Student Loan Forgiveness for Private Loans
The Student Loan Sherpa
by Michael Lux
3y ago
The cries for student loan forgiveness or debt cancellation continue to grow louder. While there has been some movement on federal loan forgiveness, options for private loans have not gotten much discussion. The reality of the situation is that private loan forgiveness is either a long way away or will never ... Read More The post Student Loan Forgiveness for Private Loans appeared first on The Student Loan Sherpa ..read more
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