Articles

Your Credit Report: Hard Inquiry vs. Soft Inquiry – What’s the Difference?

When potential creditors (such as banks, loan providers, or credit card companies) request your credit report, it can be done in one of two ways: a hard inquiry or a soft inquiry...

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Back to School Finances and Budgeting - Be Prepared and Informed When You Start School

The majority of college students now graduate with student loan debt. By keeping your borrowing to a minimum, you’ll have a much easier time in repayment. It’s important to know your...

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How Are Interest Rates Determined on Student Loans?

For undergraduates and graduates considering student loans to help pay for their education, finding a low interest rate loan is important. Understanding how rates are set and how they potentially change...

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Student Loan Refinance 101 – For New Graduates

As graduation season approaches, you may notice more and more ads promoting student loan refinancing. You may also be getting offers...

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Student Loan Repayment – What to Expect as You Prepare to Graduate

Congratulations! You’re graduating soon and will be searching for your first job out of college. It’s an exciting time in your life. However, if you’re like the majority of college students, you’re also...

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What You Can Do to Improve Your Credit Score

Have you ever applied for a loan from a bank and wondered why you were quoted a certain interest rate? I remember when I applied for a loan to buy my first house. I had taken out a few student loans...

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Take Control of Your Credit Cards

If you’re reading this, you probably have at least one credit card already. Credit cards can be a helpful tool when used appropriately, including helping you establish credit...

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Get Your Financial House in Order

At the end of each year, I take the time to review my personal finances to see how I’m progressing towards my goals and to make any needed course corrections. I refer to this annual ritual...

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It’s Tax Season – Remember to Claim Your Education Tax Benefits

It’s that time of year again. It’s time to gather all your paperwork, W-2’s, receipts, statements, and related documents and work on completing your tax forms. With that in mind, we wanted to share a few key education...

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Personal Loans Can Help Cure Post-holiday Credit Card Blues

The holidays have come and gone. You may be feeling a bit relieved that all the seasonal hustle and bustle is over. Sure, it may be a bit cold outside and work is back in full swing, but things are looking good...

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It’s Time to Make Sure Your Finances Are on Track

The holidays are over and the new year brings a new semester. For many students, that means a new round of bills and expenses, which makes now a good time to evaluate your finances...

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Student Loan Refinancing and Consolidation: Which One is Right for You?

If you have student loan debt, you have most likely heard the terms “student loan consolidation” and “student loan refinancing”. Although they sound similar and are often used interchangeably...

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Five Spending Tips to Avoid Post-Holiday Budget Woes

Winter break is often a favorite time of year for college students. It’s a chance to go home, visit family and friends, enjoy home-cooked meals, and maybe do a little holiday shopping...

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Five Things College Students Wish They Had Known About Financial Aid When They Were in High School

At some point in time, most of us have said, “I wish I knew then what I know now.” That same sentiment holds true for some college students regarding financial aid. After navigating...

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Financial Pitfalls for Students to Avoid

You’re in college and on your own, but you may still be learning to navigate the world of personal finance. Below are common financial mistakes many students make...

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Choosing Your Private Student Loan Repayment Options – Part II

With the numerous private student loan repayment options available, selecting the right one can seem a bit overwhelming. However, with a little bit of knowledge, you have the power to make a more educated decision...

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How to Save Money on Student Loan Payments While in School

If you borrowed student loans to help pay for college, you may not be required to make any payments until after you graduate or drop below half-time enrollment...

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3 Student Loan Mistakes to Avoid In Repayment

If you graduated from college this year you may have, for the first time, realized how much student loan debt you have. With the average student loan debt at around $29,000 per student...

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Back-to-School: How To Be Financially Prepared

It may seem as though summer break just started, but with August comes the start of another school year is just around the corner. You’ve probably received your college bill and are starting...

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Choosing Your Private Student Loan Repayment Options – Part I

When taking out private student loans or refinancing current student loans, many borrowers focus on either the interest rate of the loan or how much their monthly payments will be. This certainly makes sense...

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5 Myths About Private Student Loans

You may have heard about private student loans. Some of the information floating around about private loans can be similar to Bigfoot sightings – you hear a lot of stories, but they often aren’t based on facts...

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Student Loan Consolidation vs. Refinancing: What’s the Difference?

You’ve likely heard the term “student loan consolidation” or “student loan refinancing” and may have thought they mean the same thing...

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College Finance 101

Whether you are entering college after high school or transitioning from full-time employment, your financial picture will probably change when you become a college student. The summer is a good time to prepare for that change...

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Student Loan Refinance: How To Look Beyond The Numbers

You’ve made your decision. You are going to refinance your student loans. You’ve done the research. You’ve compared a number of student loan refinance programs and done side-by-side calculations to see which ones have the lowest...

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19 Important Financial Terms You Should Know

If you’re getting your first student loan or credit card, you’re likely seeing some words and terms you may not recognize. A key component of being a smart and informed consumer is understanding all of those...

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Are you Ready for Student Loan Repayment?

Don’t let your student loan statement be a surprise in the mail. Be prepared for student loan repayment by asking yourself these three questions...

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Selecting a Private Loan Program

If you have received your financial aid award and still need money for college, private loans may be worth considering. Private loans are offered by banks, credit unions, and other lending organizations...

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Financial Safety Tips

Congratulations, you’ve graduated college! You’re ready to begin your new life in the real world with a real job! This step into adulthood is very exciting, but it can also be a time of confusion with new responsibilities. Set yourself up for financial success early...

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Understanding Your Options for Federal and Private Student Loans

Most students need to borrow money to cover the cost of their college education. It’s important to understand the borrowing options available. If you completed...

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How Will a Summer Job Affect My Financial Aid?

Like most college students, you are probably planning to work at a summer job to help pay for school next year. If you currently receive college financial aid, you may be wondering how your summer job will affect your aid eligibility. Below is helpful information to help...

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Understanding Your Credit Report and What Student Loan Lenders Look For

When you decide to apply for a new private student loan, or refinance your existing federal and private student loans, you can expect to have your credit history and credit score checked by the lender to ensure you are a good credit risk...

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Understanding Federal and Private Student Loan Applications

When you’re planning for college, one of the biggest challenges is likely how to pay for your education. If you’re lucky, you may have scholarships or grants to help cover the cost...

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How To Save Money On Your Student Loans

Undergraduate students graduate with an average of $30,000 in student loan debt. This amount can feel overwhelming, but there are several ways to save money on your student loans, both while you are in school...

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Going to Graduate School? Options for Managing Undergraduate Student Loan Debt

Now that you’ve decided to go to graduate school, you may be researching how you will pay for tuition and other expenses. You have another decision to make as well...

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Understanding Student Loan Interest Rates and APRs

If you’ve ever taken out or refinanced your student loans, you probably know the interest rate of your loan and may have seen the letters ‘APR’ on your statement, which stand for Annual Percentage Rate. Understanding...

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Have a Great Spring Break Without Breaking the Bank

Spring break is a time that college students look forward to all winter. It's your chance to escape the rigors of the classroom and relax on a warm beach or other exciting destination ...

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Is a Cosigner Right for You? Navigating the Benefits of a Cosigner

You’ve probably heard the term “cosigner,” but do you know what it means, how it can help you, or what qualities make a good one? If you find your federal funds aren’t enough to cover the cost of college, you can consider ...

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Understanding Your Financial Aid Award Letter

Financial aid is awarded in many forms, and as a student, it is important to know all of your options before deciding which awards to accept. You’ll want to compare the aid and calculate the remaining costs...

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Why Good Credit is Crucial

Your credit score is a three-digit number that can determine a lot. Credit scores are calculated using a number of factors. On-time payments, the number of credit cards you have and the balances...

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5 Facts Students Should Know about Financial Aid

Throughout the college admissions process, you’ll encounter several important checkpoints. While selecting schools, applying for admission and receiving college acceptances are all critical, your decision often comes down...

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I Submitted My FAFSA – Is the Expected Family Contribution What I Have to Pay for College?

While preparing for college, one of the most important considerations is how to pay for it. All students should complete the Free Application for Federal Student Aid (FAFSA) because it is used to determine students’ potential...

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How to Use Your Tax Return Effectively to Reduce Student Loan Payments

Considering paying off your student loan debt with your tax return or just a lump sum of money? There can be more to larger payments than meets the eye. Follow these steps to learn how to make the most of your payment...

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Learning to Budget for a Brighter Future

Recent surveys and studies suggest that many young adults lack basic money management skills. Too often, students enter college at a loss for managing their personal finances. College may be the first opportunity you have...

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Need Help Paying for College? Apply Now by Filing the 2016-17 FAFSA

College is expensive and many families need help paying for it. If you would like to be considered for financial aid next year, the first step is filing the 2016-17 Free Application for Financial Aid (FAFSA)...

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A Young Professional’s Guide to Repaying Student Loans

When you’ve recently entered the workforce, balancing student loan payments with your budget can be a challenge – particularly if you have a standard entry-level salary...

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When to Consider Refinancing Student Loans

Should I consolidate or refinance my student loans? At U‑fi Student Loans, we get this question daily and it’s one every person with student loan debt should ask themselves...

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Financial Literacy for Millennials: Tips for Making Smart Financial Decisions in Your 20s and 30s

The first few years after college can be a challenge for anyone. Between finding a job and a place to live, paying down student loans, and maybe even starting a family, the financial decisions you make today can impact...

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