I often tell people that my student loans really sucked. I usually qualify that statement with the fact that they were Parent PLUS Loans. In this post, we'll take a look at how to make your Parent PLUS Loan less painful. What are Parent PLUS Loans? In short, a Parent PLUS Loan is a loan in a parent's name. In other words, although the loan funds the student's education, the parent is considered the borrower. To be…
Hello and welcome to the first entry in the student loan series! This is the first post in a brand new series here at TFF. The purpose of this series is to help you gain perspective with regard to student loans. In addition to helping understand how you compare to others, the hope is that you may also gain some helpful tips for how to eliminate your student loans more quickly. Related: College Tuition: A…
It's no secret that college is expensive. College tuition rates have risen at unprecedented rates over the past several decades. At the same time, inflation-adjusted salaries for college grads have remained virtually unchanged since 1960. So, is college still worth it? Is there a looming college tuition/attendance bubble? Like most things here in the US (and in life), the answer is: it's complicated. Rising College Tuition Costs Before we attempt to decipher whether attending college…
I have written about student loans in the past. On numerous occasions, actually. With good reason, too, since student loans were my single biggest reason for starting this blog. And as it turns out, SoFi helped me get to where I am today.Please be aware that this page contains affiliate links. At no additional cost to you, I will earn a small commission if you purchase the product through my link.Sure, I have read posts…
Did you know that according to CNBC, 8 out of 10 Americans are in debt? I would imagine that estimating the number of Americans who are in debt is no easy task. But I also think it is safe to say a lot of Americans struggle with it. And CNBC isn't alone in their estimation: I Googled the topic, and most of the postings seemed to agree. Although our anecdotes can often be biased or misguided, I…
It's no secret that student loans are a huge problem. Even though I am now completely debt-free, I still hear about student loans all the time. That says a lot because we tend to forget about things that don't directly affect our lives. Student loans? Nope, can't forget about those. And that's no surprise: as of January 2018, Americans owe 1.48 trillion dollars toward student loans, surpassing even credit card debt, by $620 billion. Many of those debtors…