To refinance a student loan means to get another loan to pay off your student loan, usually at a lower interest rate than your student loan. This will in turn reduce your monthly payment but it might extend your loan. There are several ways to accomplish this. You can go through student loan consolidation programs [...]
mrman617 asked: I recently consolidated a defaulted student loan and need to purchase a new vehicle. Approximately how much of an impact on my credit score will the consolidation have the day after it hits my credit report? I’m just curious if anyone could ballpark the number of points it could jump, with no other [...]
Kat asked: Hello, I’m an unemployed single mother of one and am expecting to receive federal and state tax refunds. However, I just received a letter in the mail from EdFund that my defaulted student loan went into collections and if I don’t set up a repayment plan with them they could take my tax [...]
