Hey there! Now that I have been blogging for a little while, I thought I would let you all in on how I did it. The fact is that blogging is a lot of work - and it can be TOUGH if you don't know what you're doing. Domain names? Self-hosted? What does this all mean!? ...especially if you're brand new to blogging - these terms can seem overwhelming. At least at first. But I…
There are many different types of federal student aid (FSA). Although the amount of information this creates can seem overwhelming, it doesn't have to be. The easiest way to understand all of the options available is to approach it from the right angle. You probably won't be eligible for every type of federal student aid. Many of them target specific groups. More importantly, you cannot receive more student aid than your cost to attend school.…
It's an interesting question: are student loans an economic wrecking ball? More and more, I have heard mention of how Millennials aren't buying homes and how that is ruining the economy. But why aren't Millennials buying homes? I think there are many reasons. After all, we're a population of 70 million+, so we couldn't possibly hone in on just one explanation. Yes, student debt is on the rise. But how much does that affect the…
Hey all! Welcome back to the Student Loan Series. This is the continuation of a post series that started with Saving Joyfully. The purpose of this series is to gain some insight from some friends who also had large amounts of student debt. I've given you my tips for paying off student loans, but I'm sure I haven't covered everything. Next up in the series is Diana from Diana on a Dime. Diana is also…
FedLoan handles federal loan servicing for millions of borrowers. This means that FedLoan does not actually lend the money; instead, they handle everything thereafter. FedLoan collects payments, issues statements, works with borrowers on repayment plans, and so on. FedLoan is also related to AES in another key way: they have the same parent company, PHEAA. What is Federal Loan Servicing? The Department of Education disperses funds which are in turn managed by a student loan servicer.…
I've written before about how living at home after college was one of the best financial decision I've ever made. That's because more than anything else, living at home was the single biggest factor in paying off my student loans. And yet, in generations past, this is a practice that was totally unfathomable. Graduating from college means you're an adult now, after all. It's time to leave the nest now; it's time to be independent. But…