Today, graduates are leaving campus holding a diploma in one hand and an average of ,000 in debt in the other.
In America, student debt is the second largest form of consumer debt.
Their user-friendly website, including helpful articles to help students navigate the world of finance, makes it easy to understand all of your options.
So Fi is also the only lender we found that offers unemployment protection, which may allow you to suspend your loan repayments for up to 12 months if you lose your job.
By now you should know the basics behind student loan consolidation and refinancing.
Now, we would like to present unbiased descriptions of the 11 major student loan consolidation companies.
More than 43 million students and graduates have student loan debt, and with the high cost of post-secondary education, that number will continue to grow.
For students who cannot afford college tuition, loans give them access to higher education, but they are also a significant responsibility and should be treated as such.
We’ve created this guide to help borrowers better understand the emerging student loan refinancing and consolidation industry.
Great Lakes Higher Education Corporation is a non-profit organization dedicated to helping students finance their education and borrow responsibly.
It works with the Department of Education as well as private lenders.
Sometimes you reach a point where debt becomes overwhelming.
Late payments, medical bills and personal emergencies can all add to a mounting amount of debt.