private student loans

What's in a name? Just because your private student loan uses the term "student loan" doesn't mean it is one.
Understanding the financial process isn't easy, but it's important to understand the basics as you prepare your child for college. Learn as much as you can about the financial aid process and help reduce the impact of this important financial decision.
One solution for grads buried in debt: student loan refinancing. The process of refinancing student loans can lower interest rates and monthly payments, allowing borrowers to potentially save thousands of dollars over the lifetime of their loans. While this seems like a good deal, is student loan refinancing a smart decision?
The real question everyone needs to ask is at what point do you sacrifice a safer financial future to attempt to remedy an unfortunate past financial situation? To understand the role and/or strategy of this approach you have to apply math and reality rather than just emotion and assumptions. Which do you think your banker is using?
Faced with a lack or loss of income and a demand for payments you can't afford to make over a long period of time, your choices on what to do are limited, but you have some.