Author: SLR Editor

Should You Consolidate and Refinance Your Student Loans Before You Start a Business?

Starting your own business can be really exciting, but the financial realities can be incredibly stressful. It’s hard to get money to start your business if you don’t already have a lot of cash and other assets.Young people particularly struggle due to the heavy burden of student loan debt that follows them around after college graduation. If you are thinking about starting your own business, you might want to research whether or not consolidating and refinancing your student loans could help you finance your dream. What to Consider When Starting a BusinessYou might be surprised to find out that...

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Brazos Student Loans Review: What You Need to Know

Brazos Student Loans is part of the Brazos Higher Education Service Corporation, Inc., also just called Brazos Higher Education. Headquartered in Waco, Texas, Brazos Higher Education is a self-funded, independent organization not affiliated with any educational institution.The history of the company goes back 40 years, and the corporation is classified as a nonprofit. Brazos Higher Education defines their mission as helping students and parents finance higher education and promoting college affordability. Specific funding options offered include Brazos Refinance Loans and Brazos Parent Loans.How to Apply for Brazos Student LoansFor a Brazos refinance loan, there are certain eligibility requirements. A...

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How Does Advantage Education Loan Refinancing Work?

Advantage Education Loan is a company offering student and parent loans, as well as refinance loans. When someone decides to refinance a loan, the idea is that they’re getting a better interest rate than what they originally received when they applied for the loan. When a borrower initially takes out a private student loan, they typically have little to no credit history, and they’re seen as a high-risk borrower. That can lead to getting higher interest rates.Once a borrower graduates and they get a job, they have often improved their credit score, and they also have income. That means...

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What You Need to Know About Student Loan Refinancing After Bankruptcy

Filing for bankruptcy is a serious financial move that, to most people, is devastating to your overall credit profile. However, bankruptcy can make financial sense when you are unable to keep up with your outstanding debt due to unforeseen circumstances.Bankruptcy essentially wipes the slate clean, eliminating balances you owe to certain creditors or creating a new, manageable payment plan for the debts you still owe. In most cases, student loans cannot be discharged in bankruptcy – although in some cases it can be.If you are not one of these borrowers, however, it can still be a struggle to manage...

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How Does Student Loan Consolidation Work?

Student loan debt is a challenge to manage for some borrowers, particularly those who have several outstanding loans and a significant amount owed. Fortunately, there are two relatively simple strategies for handling student loan debt for the long term.The first is federal student loan consolidation, which is the process of combining several federal student loans (those funded by the Department of Education) into a single, easy-to-manage loan. Loan consolidation may offer the benefit of a lower monthly payment, extended repayment terms, and potential forgiveness under certain federal loan programs.Another option for managing student loan debt is refinancing and consolidating...

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