Student Loans | Credit Card Topics

Juno Negotiates Group Lending To Help Students Save Money On Private College Loans

By: Sean Roderick, 3/28/2023

In a Nutshell: As rates for student loans continue to rise, many are discovering how difficult it is to find affordable options. Juno is a platform that uses collective bargaining to negotiate and lower the cost of non-federal student loans and student loan refinancing. Loan options are available for domestic and international students, as well as students with Deferred Action for Childhood Arrivals (DACA) status. Juno offers fixed and variable rate loans and students can have up to... read more »

Responsible Student Loan Repayment Can Be an Effective Strategy for Building a Strong Credit Profile

By: Sean Roderick, 8/17/2022

In a Nutshell: For several years, the student loan crisis in the US, caused by rising tuition costs, has continued to outpace income. Students in America currently owe $1.7 trillion in student loan debt, and that figure is expected to rise even higher over time. While the federal government decides on how to approach this issue, people can learn many helpful tips about responsible loan purchasing and loan repayment. Edvisors offers many effective strategies on fiscal responsibility... read more »

Edly Offers Attractive Loans for Student Borrowers Through Private Credit and Income-Based Repayment Plans

By: Jon McDonald, 1/10/2022

In a Nutshell: Traditional student loan providers in the United States offer funding at a fixed rate by default. But that’s not how student loans work in some other nations, and Edly brings that approach to Americans. Edly allows students to repay loans based on their income, making it easier to boost savings and pursue other life goals. Instead of focusing the underwriting strictly on the borrower, Edly leverages their tech platform along with their state-chartered bank partnership... read more »

Earnest Delivers a Modern Student Loan Platform That Looks Beyond Credit Scores

By: Matt Walker, 3/22/2021

In a Nutshell: The student loan debt crisis may be more pressing than ever. While the U.S. government has paused repayment due to the COVID-19 pandemic, many questions remain about what will happen when repayments are active once again. Earnest identified the need for a new approach to student loans after seeing how antiquated the current system is. The company’s primary goal is to help students finance their higher education in a sustainable way that aligns with their personal... read more »

21 Eye-Opening Student Debt Statistics

By: Andrea Woroch, 11/30/2020

Going to college is more of an expectation these days as companies put more value on potential job applicants who have a degree. Many employers require a degree to even be considered for an entry-level position. However, the road to graduation doesn’t always result in the best financial outcome. A growing number of students face serious financial burdens thanks to unmanageable student debt and limited employment opportunities that make it difficult to pay down these balances. ... read more »

With Student Loan Debt at an All-Time High, Proposed Solutions Range from Bankruptcy Code Changes to Forgiveness

By: Matt Walker, 12/17/2019

In a Nutshell: Total student loan debt in the U.S. has tripled since 2005 and currently stands at $1.6 trillion. Financial experts are studying both how we reached this critical level and how to best address the issue. Some Democratic presidential hopefuls are calling for partial or full student loan debt forgiveness while others don’t believe this is the answer. The American Bankruptcy Institute is one of the many organizations to address the issue with its 2019 Consumer Commission... read more »

$18K+ Average Savings: Credible’s Student Loan Marketplace Empowers Borrowers with a Variety of Rate Options

By: Brittney Mayer, 10/17/2016

In a Nutshell: With millions of Americans carrying student loan balances in the tens of thousands of dollars, the need for manageable repayment options continues to grow. Credible.com, the online student loan lender marketplace, works to help users understand their student loan options, including loan origination and refinancing. By providing access to an entire network of vetted lenders, Credible has helped over 130,000 users, with those who refinance through Credible into a loan with... read more »

Student Loan Hero — Helping Shrink Student Loan Debt with Customized Repayment Options

By: Lauren Keys, 4/5/2016

In a Nutshell: Andy Josuweit created Student Loan Hero to help make sense of the student loan repayment process. With nearly 70 percent of students graduating with some amount of debt, the average hovering close to $30,000, Josuweit wanted to make it easy to organize and create payment plans for every student loan. With Student Loan Hero, recent graduates can make sense of their loan bills and actually work toward getting out from under crippling college debt. // Standing in his... read more »

With Your Interests in Mind, CommonBond Funds the Education of Students From All Walks of Life

By: Amber Brooks, 3/31/2016

In a Nutshell: CommonBond refinances student loans in a simple online process. Customer-friendly and community-minded, the team at CommonBond assists students across the nation and around the globe. This company is more than just a transaction. Using a one-for-one model, for every loan it funds, CommonBond will fund a child's education in Ghana. This Social Promise sets CommonBond apart from the typical lender and underscores the company's overall commitment to funding education... read more »

Grads Can Save Nearly $19K with SoFi: The First Marketplace Lender to Offer Student Loan Refinancing

By: Ashley Fricker, 10/26/2015

In a nutshell: Graduates who used student loans to fund their education face an average of $33,000 in resulting debt. Throw in a graduate school degree and the debt can easily exceed $100,000. Furthermore, many of those grads pay interest rates of up to 7 percent or higher on their loans. SoFi, a leading marketplace lender, stepped in to alleviate some of that financial strain by establishing the first student loan refinancing model in 2011. With variable rates as low as 2.14 percent,... read more »

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All articles tagged Student Loans (10)