Personal Finance Buzz

Refinance student loans: Consolidate student loan to reduce student debt and loan payments. When you refinance student loans, it may help you save money on the overall cost of the loan.

Does it surprise you that 86% of 4-year undergraduate students who apply for federal student aid will borrow money to go to school? With average student loan debt hovering over $23,000 for graduating seniors, it’s easy to see how so many people can be affected by the burden of student loan debt.

Defaulting on your student loans is one of the worst financial mistakes you can make. The reason: no matter how hard you try to avoid them, and no matter how many payments you miss, they will still track you down and make you pay them.

As you apply for schools, you should consider your options when applying for student loans. Your options fall into two categories: Federal student loans and private student loans.

Last summer, the amount of outstanding student loan debt surpassed the amount that Americans owe outstanding on their credit cards. If you are trying to figure out how to repay your student loans, you do have options.

Student loan repayments cripple the finances of millions of Americans each year. Learn how you can get the upper hand on your student loan payments!