Co-signing a student loan can be a short-term boon, but for many people it becomes a long-term financial risk. According to higher education expert Mark Kantrowitz, more than 90 percent of private student loans require a cosigner, meaning two people are equally responsible for the debt. “A co-signer is often required on a private student … Read more
The Trump administration is taking a tougher stance on Americans with student loan debt, and borrowers are feeling it from both sides. On the one hand, the US Department of Education has curbed income-based reimbursements (1). In August alone, 327,955 applications were denied, according to a December 15 court filing (2). For borrowers who counted … Read more
What Are Education Loans? An education loan is a financial product designed specifically to help students pay for school-related expenses. These may include: Education loans usually offer lower interest rates and more flexible terms than regular personal loans. Many lenders also allow repayment to start after the student completes their studies. Types of Education Loans … Read more