Student Loans
With the persistent rise of tuition costs and increasing amount of loan debt nationwide, holding a degree or having a career that helps a student pay back student loan debt may play a crucial role in ensuring that a student is not crushed by debilitating student loan debt for years to follow. Nevertheless, in order to ensure that a student has a variety of options in paying back student loans besides focusing on degrees and careers that have high salaries, students should first explore other options for loan repayment. Student Loan Repayment Options Before applying to a degree or program that could add to the total amount of student loan debt that an individual accrues, a student should first explore loan repayment and debt options that are provided by the federal government and private lending institutions. Among one of the most popular options for students with significant student loan debt is to minimize lifestyle inflation and avoid extraneous expenses. For many students that graduate with high loan debt and have the ability to pay off their loan with his or her current income, leading a life within his or her means and with a healthy budget for several years may […]

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Categories: College, Student Loans
With the rise of tuition costs and the need for student loans, applying and enrolling in a degree program that has potential for high dividends may become the fundamental turning point for a student to secure his or her financial future. Yet, for many students, staying in school for several years may not be ideal or even a feasible option. To help students decide which degree may be the most promising for a high salary, we have listed 10 degrees that students could consider. Engineering Degrees Among one of the most growing and highly invested fields in the country, engineering and the subsequent subfields of engineering reports the highest entry and early career pay along with potential growth in salary by mid-career. The bachelor’s degree with the highest earning potential out of college has been a degree in petroleum engineering with a potential early career pay of $101,000 per year and a reported mid-career pay of $168,000. Other degree types and skill-oriented degrees in engineering that follow the trend of high earning potential and returns are: Petroleum Engineering Nuclear Engineering Chemical Engineering Electronics & Communications Engineering Aeronautical Engineering Systems Engineer As a field, engineering depends on the ability for an […]

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Categories: College, General, Student Loans
Whether a student has loans from an engineering degree or a nursing degree, trying to pay back a significant amount of student loans may hamper a graduate’s financial well-being. Hence, for many students, qualifying for student loan consolidation or refinancing could become the way to lump together all existing student loans and reduce monthly payments. The following are the 6 best banks to refinance and consolidate student loans (for those who qualify): 1.    Citizens Bank For students who qualify, Citizen’s Bank offers some of the lowest interest rates out there for refinancing and consolidating a student loan. Depending on the student’s credit history, a student’s new, consolidated loan may have a fixed rate of 4.74%–9.39% or a variable rate of 2.19%–7.39% for a term of 5, 10, 15, or 20 years. Furthermore, Citizen’s Bank allows students to refinance up to $300k qualifying federal or private loans (up to $150K for undergraduate loans and up to $170k in graduate loans) and have no origination fee or extra fees for applying. 2. College Ave Student Loans With similarly competitive interest rates, College Ave Student Loans offer qualifying students a fixed interest rate of 4.74%–8.5% and a variable rate of 2.50%–7.25% for a […]

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Categories: College, Student Loans

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