Category: Loan

Mortgage Points: What Are They and Are They Worth It?

Mortgage points, also called discount points, are an option for homebuyers looking for the lowest interest rate on their loan. They offer a trade-off: Pay an extra fee at closing and get a lower rate over the course of your loan term. In this post: What are points on a mortgage? How do you know […]

What is a Graduated Repayment Plan?

If you’re struggling with student loan payments but earn too much for income-driven repayment, a graduated repayment plan might be an option for you. With a graduated repayment plan, your student loan payment will lower in the short term. However, your payment amount will go up over time. Here’s what to know before deciding on […]

How to Get Student Loans for Past Due Tuition

Even though colleges typically give you a few weeks or months after the start of the semester to pay your tuition and other fees, it’s still possible to miss the deadline and have a past due balance. If you find yourself in this situation, you might be wondering how to handle it — or even […]

Paye vs. Repaye: Which Repayment Plan Is Right for You?

If you’re struggling to make your federal student loan payments, signing up for an income-driven repayment plan might be a good idea. There are four plans available, including Pay As You Earn (PAYE) and its newer counterpart Revised Pay As You Earn (REPAYE). It’s typically easier to qualify for REPAYE, but PAYE might be a […]

Apply for College With the Common App: Guide and FAQ

Applying to multiple schools might increase your chances of getting into college, but filling out an application for every school on your list can be time-consuming and exhausting. That’s where the Common Application comes in. The Common App is a single online application form used by hundreds of both private and public universities and colleges […]

Tuition & Room and Board: On-Campus vs. Off-Campus Costs

On top of your tuition, one of the biggest chunks of the total cost of attendance for your college education is your room and board. Room and board includes what you’ll pay to rent a dorm or apartment and cover meal costs. Living off campus could potentially reduce your living costs, which would cut down […]

How to Save for a House

Buying a home can be expensive, but that doesn’t mean it’s an entirely out-of-reach goal — regardless of what your income might be. Really, it’s just a matter of saving and spending carefully. If you’re hoping to become a homeowner soon, here’s how to save for a house: Know what costs to expect Understand what […]

4 Ideas for Building Credit as a College Student

If you’re wondering how to build credit as a college student, you’re on the right track. After all, your credit score comes into play everywhere from applying for private student loans to filling out an application to rent an apartment. This is because your credit score allows lenders to get an idea of your entire […]