If your federal student loans are currently in repayment, then you have a monthly payment plan. The benefits of paying off your loans fast are obvious — you accrue less interest, your debt comes off your credit report, and so on. Many students pay the minimum monthly payment and do not realize that students can actually pay more than is owed to pay off their loans quicker. It is a smart practice, and if you feel that you can allocate more of your income toward your monthly payments, you should contact your loan servicer to talk about your options.
By Ryan Laspina
Compliance and Default Prevent Specialist at American Public University System
Dropping or withdrawing from a class is an option if you do not feel like you are going to be successful in the class, but please keep in mind that any decision you make could have a significant impact on your Federal Student Aid (FSA).
By Ryan Laspina
Compliance and Default Prevent Specialist at American Public University System
In addition to benefiting your financial intelligence for the rest of your life, financial planning classes will help you understand your rights and responsibilities as an FSA (federal student aid) recipient.
By Shalena Gonzales
Financial Aid Specialist, American Public University
Making small changes in your financial habits can greatly improve your financial situation. One of the most important steps on the road to financial recovery is to spend less than you earn.
By Shalena Gonzales
Financial Aid Specialist, American Public University
Setting financial goals and being financially aware can provide greater financial security, independence, and reduce and/or prevent debt.
It is important to take advantage of all beneficial resources to assist in paying for college expenses. Financial aid money that doesn’t have to be repaid, such as grants, are the most beneficial types of financial aid that you can receive.
There are many criminals that take advantage of the increased amount of people shopping online and also in stores for the holidays. Therefore, it is important to secure all of your personal information, including your bank account and credit cards.
There are a few things that you must be aware of before receiving student loans, whether it be Federal or private student loans. It is important not to over borrow as this may put you further in debt.
Some students may not realize how many items actually factor into the cost of attending college. The cost of college includes a variety of items outside of tuition and fees.