Author: Drew Cloud

Sallie Mae Student Loans Review

Sallie Mae is an industry leader in providing private educational loans, having made over 30 million educational loans to date. The company is well-known for providing competitive interest rates and low fees for student borrowers. If an applicant is highly qualified for a lower interest rate than federal loan offers, then Sallie Mae could be a good choice to review for students who need to cover the overall cost of attendance, especially if all federal aid options have been exhausted. What Sallie Mae OffersBoth fixed-rate and variable-rate student loans are available through Sallie Mae. Currently, the variable rate loans start...

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Illinois Attorney General Holds Student Loan Forum, Urges Governor to Sign Student Loan Bill of Rights

Illinois Attorney General Lisa Madigan, a staunch defender of student borrower rights, talks to an attentive audience. Illinois Attorney General Lisa Madigan held a student loan forum yesterday, August 14th, while also pushing Illinois Governor Bruce Rauner to sign into law the Student Loan Bill of Rights, according to a press release issued by the attorney general’s office.Madigan, a staunch defender of student loan borrowers, invited education advocates and community organizers to the student loan forum. It was there that Governor Rauner was encouraged to sign a bill that would reform the student loan industry in order to ease the...

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Credible Student Loans Review

Shopping for the best private student loan can be hard work. Many students, parents, and cosigners end up applying for multiple loans so they can review interest rates and terms. That takes a long time, and it is a real hassle. Credible can save you from that time-consuming process. Credible is an online comparison platform that allows you to check terms and rates from various lending companies. Once you find a lender that suits your needs, you can proceed to the lender’s website to start an application.It sounds good on paper, but what can you expect if you use...

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How to Pay Off Student Loans

Student debt has become one of the biggest burdens on younger consumers over the last two decades, with more than 43 million borrowers owing upwards of $1.4 trillion in private and federal student loans. In 2016, the average student graduated from college with an outstanding balance of more than $37,000, but a staggering 2 million borrowers owe more than $100,000 in student loan debt. While there have been shifts in the realm of higher education in recent years giving student loan borrowers more access to affordable repayment plans after graduating, the responsibility to repay student loans falls heavy on...

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SoFi Moving Closer to An IPO

A new report from The Wall Street Journal indicated that SoFi may finally be moving towards an IPO. Social Finance Inc., or SoFi, may finally be inching towards an initial public offering (IPO), according to a letter obtained by The Wall Street Journal.The online personal finance company that specializes in student loan refinancing logged record earnings and loan volume in the second quarter of 2017. Many speculate that SoFi’s second quarter performance will push the company closer to an IPO.According to an investor letter obtained and reviewed by The Wall Street Journal, SoFi CEO Mike Cagney sounded rather excited about...

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