USC Credit Union Blog

USC Credit Union Blog

What’s in It for You When You Refinance Your Student Loan?

Posted by Myke on Oct 10, 2017 5:00:00 PM

What’s your next step and what’s holding you back? If you are like most who have graduated college and started a new career, you probably have dreams of getting your own place, traveling or maybe getting married. And it’s also likely that student loan debt is interfering with those plans.

If you want to save thousands of dollars in interest payments on your college loans and reduce your monthly payout so you have more cash every month, student loan refinancing is the answer.

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Should You Refinance Your Parent PLUS Loan?

Posted by Myke on Oct 4, 2017 5:08:10 PM

When prospective college students don’t qualify for enough federal funding, a supportive parent may step in to cover the financing gap. The Department of Education’s Direct PLUS Loan program allows parents to take out a federal student loan on their child’s behalf to cover any remaining education expenses.

While this is a popular solution to soaring education costs – more than 3 million parents are currently repaying PLUS loans – it also leaves parents with a major portion of their kids’ student loan debt. And, Parent PLUS loans come with a much higher interest rate than other federal student loans.

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Pay Off Student Loans and Save Money in Two Easy Steps

Posted by Myke on Oct 3, 2017 4:18:32 PM

If you are like most college graduates with student loans, you probably have two goals that seem to cancel each other out: pay off your student loans and save money.

Ready to get both those goals in gear and breathe a whole lot easier? Here’s how:

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6 Ways to Tackle Your Student Loan Debt

Posted by Ivonet on Jul 11, 2017 11:50:12 AM

As a recent grad with student loans, you probably already know your repayment is just around the corner. I encourage you to take advantage of your grace period and not wait to get your first bill before making plans for repayment. Here are a few tips I thought I’d share to help you tackle your student loan debt head on.

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Here's a Way Recent Grads Can Build Good Credit

Posted by Pierce Conway on Apr 26, 2017 11:22:56 AM

 

Striking out on your own after college can be challenging for financial novices. For graduates with record student loan debt and entry-level jobs or worse, no jobs at all, learning to manage debt wisely will pave the way to a good credit score. That in turn creates opportunities down the road, including the possibility to refinance student loans at a better rate.

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How To Get Out From Under Student Loan Debt

Posted by Pierce Conway on Apr 5, 2017 11:54:14 AM

 

If you're a recent college graduate who took out student loans, you likely owe about $35,000. As eye-popping as that average debt figure is, you're certainly not the only one wondering how you'll possibly get out from under your loans. As with any difficult assignment, though, research and a well-thought-out plan will help you tackle even the most challenging of debt situations.

Making use of the following strategies will help you dig your way out of student debt. Here's a look at where to get started.

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13 Things You Could Buy if You Didn't Have Student Loan Debt

Posted by Cerina Epple on Jan 11, 2017 5:02:49 PM

img src: https://nlcloans.com/trd_post/five-crazy-ways-save-500-without-feeling-pinch/

The average college student loan debt for the graduating class of 2016 is $37,172. What could you actually buy with all that money? Well, you could…

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