The best student loans to get are federal education loans, as they have the lowest interest rates and the most flexible repayment terms when compared to their private loan counterparts. Because federal loans are vastly superior to most private student loans, I recommend to students that they only apply for private loans after they have [...]
in Federal Student Loans, Student Loans,
by Jeff Bullock
I get questions from students all the time about how to refinance student loans, and the truth is while this topic can be a bit confusing, it shouldn’t be due to the fact that the refinancing process is fairly simple if you can first determine exactly what type of student loan debt you have. Remember [...]
in Other Loans, Student Loans,
by Jeff Bullock
Students must understand the differences between authentic student loans, and what I would consider to be personal loans, or even payday loans. There are two major categories of students loans—federal student loans, and private student loans, and because not all education loans are provided by the federal government, it can sometimes be difficult to determine [...]
in Repayment, Student Loans,
by Jeff Bullock
Paying off student loans in an appropriate manner is really about knowing your options in regard to the amount of repayment benefits that may be available with a particular student loan, along with being able to act accordingly when confronted with various scenarios. This really isn’t very complicated, as you may be able to utilize [...]
Getting low interest student loans is essentially about exhausting your options in terms of federal aid before turning to any sort of private education loan funding. This is because most federal student loans come with lower interest rates than the majority of private loans that are on the market, and because most student borrowers do [...]
Students often ask me about direct student loans, and what they are exactly. Direct student loans are federal education loans that are provided by the Department of Education, and are not to be confused with uncertified student loans, which are often characterized as direct-to-consumer loans. With the inception of the Student Aid and Fiscal Responsibility [...]
in Repayment, Student Loans,
by Jeff Bullock
Student loan delinquency describes what happens when you fall behind on your repayments and your account is no longer current. So for example if you don’t make your payments for a couple of months the lender of your loan may label your account as “delinquent”, which is basically a way of saying that you owe [...]
in Private Student Loans, Student Loans,
by Jeff Bullock
Students looking for guaranteed student loans should first understand that the term “guaranteed” can mean a few different things when used to describe education loans. Description of Private Student Loans Insurance for Federal Student Loans Insurance for certain types of State-based Aid Insurance for Private Student Loans The less common use of the term has [...]
in Repayment, Student Loans,
by Jeff Bullock
ACS, or Affiliated Computer Services, is a student loan servicer that is similar to American Education Services, also known as AES. ACS student loans are therefore not provided by ACS, as Affiliated Computer Services does not act as a lending institution for student loans. What is ACS ACS services a wide variety of student loans, [...]
in Repayment, Student Loans,
by Jeff Bullock
Besides deferment, and forbearance, there are still other options you have available to you when you cannot, or are having trouble making your current student loan payment. These payment adjustment options can alter your payment amount, typically by a reduction, for a certain amount of time with regard to an appropriate reason, or methodology. Some [...]