Should I refi my student loans? It could save you money, but you need to properly weigh the pros and cons. It could especially be helpful if you have private loans. (via MarketPlace)
MarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive
The lowest rates right now tend to be on variable-rate loans , but those loan rates will most likely go up, so typically a fixed rate loan is better , experts say. That is, unless you know you can pay the loan off quickly . Kantrowitz says borrowers often mistakenly believe that cutting the interest rate in half will cut the monthly payment in half. “It actually cuts the payment by just 10% to 20%, depending on the repayment term since most of the payment goes to principal, not interest,” says Kantrowitz.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Student loan payment pause extended to Jan. 31, White House announcesThe pause on federal student loan payments was set to expire at the end of September.
Leer más »
Schools Look for Help From AI Teacher’s AssistantsA future where students might receive a personal robot or on-screen AI buddy along with their textbooks is rife with ethical and design challenges
Leer más »
Brothers raise money to help students afford to attend HBCUsThree brothers are working to create endowments to help students afford to attend historically Black colleges and universities.
Leer más »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Leer más »