Hire a Student Loan Counselor for Your Personalized Plan | student loan planner (2023)

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Disclosure of Creditors and Bonds

All prices listed represent the APR range.common connection:If you refinance more than $100,000 through this site, Student Loan Planner will directly provide you with $500 of the above cash bonus.

CommonBond Disclosures: Refinancing

The terms and conditions offered are subject to change and restrictions by state law. Loans are offered by CommonBond Lending, LLC (NMLS #1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, application and selected loan term and will be within the interest rate ranges shown. If you choose to fill out an application, we will perform a rigorous credit check, which may affect your credit score. All APRs shown assume borrowers accept AutoPay and represent the 0.25% rate cut.

CommonBond Disclosures: Private School Loans

The terms and conditions offered are subject to change and restrictions by state law. Loans are offered by CommonBond Lending, LLC (NMLS #1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, application and selected loan term and will be within the interest rate ranges shown. If you choose to fill out an application, we will perform a rigorous credit check, which may affect your credit score. All APRs shown assume borrowers accept AutoPay and represent the 0.25% rate cut.

Student Loan Planner® publications

Upon disbursement of an Eligible Loan, the Borrower must notify the Student Loan Planner® that an Eligible Loan has been refinanced through the Site, as the Lender does not provide the Borrower's name or contact information. Borrowers must complete theRefinancing Bonus Request Formto claim a bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation of an eligible refinance, email a $500 eGift within 14 business days of the last day of the month in which Student Loan Planner confirms that the qualifying loan is eligible - Map. ®.If a borrower does not claim the Student Loan Planner® bonus within six months of disbursing the loan, the borrower forfeits the right to claim the bonus.The size of the bonus depends on the total loan amount paid. This offer does not apply to borrowers who previously received a Student Loan Planner® refund.

Disclosure of Creditors and Bonds

THIS IS AN AD. YOU ARE NOT OBLIGED TO PAY OR TAKE ANY OTHER ACTION WITH THIS OFFER.

Ernst:$1,000 for $100,000 or more, $200 for $50,000 to $99,999.99. If you refinance $100,000 or more to Earnest through this site, Student Loan Planner will provide $500 of the $1,000 cash bonus directly. The range of fees above includes an optional 0.25% automatic payment discount.

Disclosure of serious bonus offers:

Terms and conditions apply. To qualify for this Earnest bonus offer: 1) You must not be a current Earnest customer or have received the bonus in the past, 2) You must submit a completed Student Loan Refinance Form using the Student Loan Planner® link provided; 3) You must provide a valid email address and checking account number during the registration process; and 4) your loan must be fully paid off.

Receive a $1,000 bonus when you refinance $100,000 or more, or a $200 bonus when you refinance from $50,000 to $99,999.99. For the $1,000 Welcome Bonus offer, Student Loan Planner® pays $500 directly through Giftly. Earnest automatically deposits $500 into your checking account upon final payment. For the $200 welcome bonus offer, Earnest will automatically transfer the $200 bonus to your checking account after final withdrawal. There is a limit of one bond per borrower. This offer does not apply to current Earnest customers who refinance their existing Earnest loans, customers who previously received a bonus or other bonus offer from Earnest through this or any other channel. Bonus cannot be awarded to residents of KY, MA or MI.

Interest rate disclosure

The actual interest rate and payment terms available will vary based on your income. Flat rates range from 4.64% APR to 9.24% APR (excluding the 0.25% auto-pay discount). Variable interest rates range from 4.64% APR to 9.19% APR (excluding the 0.25% automatic payment discount). Earnest Adjustable Rate Student Loan Refinance Loans are based on a publicly available index, the 30-day Average Overnight Funding Guaranteed Rate (SOFR) published by the Federal Reserve Bank of New York. The floating rate is based on the published rate on the 25th or next business day of the prior calendar month, rounded to the nearest hundredth of one percent. The rate will not increase more than once a month. The maximum interest rate on your loan is 8.95% if the loan term is 10 years or less. For maturities longer than 10 to 15 years, the interest rate never exceeds 9.95%. For loans over 15 years, the interest rate never exceeds 11.95%. Please note that we are unable to offer adjustable rate loans in AK, IL, MN, NH, OH, TN and TX. Available only to our most trusted borrowers, our lowest interest rates include our 0.25% discount for automatic payments from a checking or savings account.

Disclosure of automatic payment refund

(Video) What a Student Loan Consultation From Student Loan Planner Entails

You can take advantage of the automatic rate reduction by setting up and keeping your loan payment automatic ACH withdrawal active. The Autopay interest discount is only available while your loan is registered with Autopay. Interest rate incentives for using automatic disbursement cannot be combined with certain private student loan repayment programs that also offer an interest rate reduction. For multi-party loans, only one party can apply for Auto Pay.

Ignore a payment disclosure

Serious customers can skip a payment every 12 months. Your first request to skip a payment can be made after you have made at least 6 consecutive months of on-time payments and your loan is up to date. Interest accrued during the skipped month will result in an increase in the remaining minimum payment. The final maturity of your loan is extended for the duration of missed payment terms. Remember that a missed payment counts towards your tolerance limits. Please note that a missed payment is not guaranteed and is at Earnest's discretion. Your monthly payment and the total cost of the loan may increase as a result of a payment deferral and term extension.

Examples of refinancing student loan costs

These examples provide estimates based on payments initiated immediately after loan disbursement. Variable APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and an APR of 5.89% would result in an estimated total payment of $17,042.39. With an adjustable loan, your interest rate varies by market after you set your initial interest rate. Fixed APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and an APR of 6.04% would result in an estimated total payment of $17,249.77. Your actual payment terms may vary. Terms and conditions apply. Visit https://www.earnest. com/terms-of-service, email us at hello@earnest.com or call 888-601-2801 to learn more about our student loan refinance product.

Examples of borrowing costs for student loan origination

These examples represent estimates based on the deferred payment option, which means that you will not make any payments while you are enrolled in the school and during the 9 subsequent billing cycles. Variable APR: A $10,000 loan with a 15-year term (180 monthly payments of $157.12) and an APR of 11.69% would result in an estimated total payment of $21,290.40. With an adjustable loan, your interest rate varies by market after you set your initial interest rate. Fixed APR: A $10,000 loan with a 15-year term (180 monthly payments of $173.51) and an APR of 13.03% would result in an estimated total payment of $22,827.79. Your actual payment terms may vary.

Earnest Loans are provided by Earnest Operations LLC or One American Bank, Member FDIC. Earnest Operations LLC, NMLS # 1204917. 535 Mission St., Suite 1663, San Francisco, CA 94105. California Finance Act License 6054788. Visit earest.com/licenses for a complete list of licensed states. For California Residents (Student Loan Refinance Only): Loans are arranged or made under a license under the California Finance Act.

One American Bank, 515 S. Minnesota Ave, Sioux Falls, SD 57104. Secured Loans are administered by Earnest Operations LLC with assistance from Navient Solutions LLC (NMLS #212430). One American Bank and Earnest LLC and their affiliates are not sponsored by or agencies in the United States of America.

© 2021 Ernest LLC. All rights reserved.

Student Loan Planner® Bonus Disclosure:

Upon disbursement of an Eligible Loan, the Borrower must notify the Student Loan Planner® that an Eligible Loan has been refinanced through the Site, as the Lender does not provide the Borrower's name or contact information. Borrowers must complete theRefinancing Bonus Request Formto claim a bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation of an eligible refinance, email a $500 eGift within 14 business days of the last day of the month in which Student Loan Planner confirms that the qualifying loan is eligible - Map. ®.If a borrower does not claim the Student Loan Planner® bonus within six months of disbursing the loan, the borrower forfeits the right to claim the bonus.The size of the bonus depends on the total loan amount paid. This offer does not apply to borrowers who previously received a Student Loan Planner® refund.

Disclosure of Creditors and Bonds

Laurel Path:If you refinance more than $250,000 through our link and Student Loan Planner receives a credit, Student Loan Planner will give you a cash bonus of $500 directly. If you are a member of a professional association, Laurel Road may offer you the option of an interest rebate or the $300, $500 or $750 cash bonus mentioned above. Laurel Road offers cannot be combined. The range of fees above includes an optional 0.25% automatic payment discount.

Laurel Road Bonus Offer Disclosure:

Prices from 01/30/23. Price changes reserved. Terms and conditions apply. All products are subject to credit approval.Laurel Road Revelations. To qualify for this Laurel Road welcome bonus offer: 1) you must not be a current Laurel Road customer or have received the bonus in the past; 3) You must provide a valid email address and checking account number during the registration process; and 4) your loan must be fully paid off. If a borrower is eligible because of membership in a professional association and chooses to accept a special rate offer, the borrower will not be eligible for the Laurel Road Cash Bonus. However, the borrower may still be eligible for the Student Loan Planner® bonus if he qualifies as per the “Student Loan Planner® Bonus Disclosure Conditions below”. If you opt for the bonus offer, you will receive a $1,050 bonus if you refinance $100,000 or more, or a $300 bonus if you refinance from $50,000 to $99,999.99. For the $1,050 welcome bonus offer, Student Loan Planner® pays $500 directly through Giftly. Laurel Road will automatically deposit $550 into your checking account upon final payment. For the $300 welcome bonus offer, Laurel Road will automatically deposit the $300 bonus into your checking account upon final withdrawal. There is a limit of one bond per borrower. This offer does not apply to existing Laurel Road customers who are refinancing their existing Laurel Road loans, customers who have previously received a bonus, or any other bonus offer Laurel Road has received through this or any other channel.

You can take advantage of the automatic rate reduction by setting up and keeping your loan payment automatic ACH withdrawal active. The Autopay interest discount is only available while your loan is registered with Autopay. Interest rate incentives for using automatic disbursement cannot be combined with certain private student loan repayment programs that also offer an interest rate reduction. For multi-party loans, only one party can apply for Auto Pay

Student Loan Planner® Bonus Disclosure

Upon disbursement of an Eligible Loan, the Borrower must notify the Student Loan Planner® that an Eligible Loan has been refinanced through the Site, as the Lender does not provide the Borrower's name or contact information. Borrowers must complete theRefinancing Bonus Request Formto claim a bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation of an eligible refinance, email a $500 eGift within 14 business days of the last day of the month in which Student Loan Planner confirms that the qualifying loan is eligible - Map. ®.If a borrower does not claim the Student Loan Planner® bonus within six months of disbursing the loan, the borrower forfeits the right to claim the bonus.The size of the bonus depends on the total loan amount paid. This offer does not apply to borrowers who previously received a Student Loan Planner® refund.

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Disclosure of Creditors and Bonds

Element:If you refinance more than $150,000 through this site, Student Loan Planner will directly provide you with $500 of the above cash bonus.

To begin the Student Loan Planner® Sign-On Bonus qualification process, customers must apply using the link provided at https://www.elfi.com/student-loan-planner. Customers who are approved and complete a loan receive the bonus of $300 to $775 through a reduction in the Education Loan Financing loan principal when the loan is repaid. The size of the bonus depends on the total loan amount paid. To receive this bonus, customers must complete and submit a W9 form with all required documents. Taxes are the sole responsibility of the recipient. There is a limit of one bond per borrower. This offer is not valid for current ELFI customers who are refinancing their existing ELFI loans, customers who previously received a bonus or with any other bonus offers received by ELFI through this or any other channel. If the Applicant was referred with the Referral Bonus, he will not receive the bonus granted by the Referring Party. When the applicant becomes an ELFI customer, he can participate in the referral bonus by becoming the referred party. Additional terms and conditions apply.

For the $1,275 bonus associated with refinancing at least $150,000, Student Loan Planner® will provide $500 of the bonus via Giftly, which can be redeemed as a deposit into your bank account or PayPal account. Upon disbursement of an Eligible Loan, the Borrower must notify the Student Loan Planner® that an Eligible Loan has been refinanced through the Site, as the Lender does not provide the Borrower's name or contact information. Borrowers must complete theRefinancing Bonus Request Formto claim a bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation of an eligible refinance, email a $500 eGift within 14 business days of the last day of the month in which Student Loan Planner confirms that the qualifying loan is eligible - Map. ®.If a borrower does not claim the Student Loan Planner® bonus within six months of disbursing the loan, the borrower forfeits the right to claim the bonus.The size of the bonus depends on the total loan amount paid. This offer does not apply to borrowers who previously received a Student Loan Planner® refund.

welcome disclosure

See disclaimer below:https://www.splashfinancial.com/disclaimers/

Splash Financial, Inc. (NMLS #1630038), licensed by the DFPI under the California Funding Act, license no. 60DBO-102545

general disclosure

Terms and conditions apply. Loan or savings calculators are provided for your own use and results are based on information you provide. Results from this calculator are for illustrative purposes only and do not guarantee accuracy. Actual payments and amounts may vary. Splash Financial loans are available through agreements with lending partners. Your credit request will be sent to the credit partner and reviewed at their sole discretion. For loans where a credit union is the lender or buyer of the loan, you must become a member of a credit union to refinance your loans. The Splash Student Loan Refinance Program is not offered or endorsed by any college or university. Neither Splash Financial nor the lending partner is affiliated with or endorsed by any college or university listed on this website.You should check your state's student loan records; may provide specific benefits that a refinance/consolidation personal loan may not provide. If you work in the public sector, are in the military, or receive a federal assistance program such as a /Consolidation Loan. Splash Financial and our lending partners reserve the right to change or discontinue products and benefits at any time without notice. To qualify, the borrower must be a US citizen and meet our lending partner's underwriting requirements. The lowest interest rates are reserved for the most qualified borrowers. Products may not be available in all states. The information provided is a request to determine whether Splash's credit partners can offer you a loan, but they do not guarantee that you will receive an offer of credit. If you do not use the specific link contained on this site, offers on the Splash site may include offers from loan partners with higher interest rates. This information is current as of February 1, 2023.

Prices are subject to change without notice. Not all applicants are eligible for the lowest rate. Lower interest rates are reserved for the most creditworthy applicants and are dependent on creditworthiness, loan term and other factors. Lower rates may require a 0.25% autopay discount.

Fixed Annual Percentage Rate: The Annual Percentage Rate (APR) is the cost of borrowing that calculates the interest rate, loan amount, amortization period, and term of payments. Fixed price options range from 4.47% (no automatic payment) to 9.24% (no automatic payment) and vary based on application requirements, grade level and presence of a co-signer.

Variable Annual Percentage Rate: The Annual Percentage Rate (APR) is the cost of borrowing that calculates the interest rate, loan amount, amortization period, and term of payments. Variable rate options range from 4.47% (with automatic payment) to 9.24% (without automatic payment) and vary according to application requirements, grade level and the presence of a co-signer. Floating interest rates are determined by adding a margin, rounded to the nearest hundredth of a percent (0.01% or 0.0001), to the 30-day moving average SOFR index published two business days prior to that month .

Disclosure of creditors and discounts

Chapoteo:If you refinance more than $100,000 through this site, Student Loan Planner will directly provide you with $500 of the above cash bonus. The lowest rates are shown with a 0.25% discount for automatic payment.welcome announcements.

To begin the Student Loan Planner® enrollment bonus qualification process, customers must apply using the link provided. Customers who are approved and complete a loan will receive the $300-$500 bonus through Splash Financial. The size of the bonus depends on the total loan amount paid. There is a limit of one bond per borrower. This offer is not valid for current Splash customers refinancing their existing Splash loans, customers who previously received a bonus, or with any other bonus offer Splash has received through this or any other channel. If the Applicant was referred with the Referral Bonus, he will not receive the bonus granted by the Referring Party. Additional terms and conditions apply.

For the $1,000 bonus associated with refinancing at least $100,000, Student Loan Planner® will provide $500 of the bonus via Giftly, which can be redeemed as a deposit into your bank account or PayPal account. Upon disbursement of an Eligible Loan, the Borrower must notify the Student Loan Planner® that an Eligible Loan has been refinanced through the Site, as the Lender does not provide the Borrower's name or contact information. Borrowers must complete theRefinancing Bonus Request Formto claim a bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation of an eligible refinance, email a $500 eGift within 14 business days of the last day of the month in which Student Loan Planner confirms that the qualifying loan is eligible - Map. ®.If a borrower does not claim the Student Loan Planner® bonus within six months of disbursing the loan, the borrower forfeits the right to claim the bonus.The size of the bonus depends on the total loan amount paid. This offer does not apply to borrowers who previously received a Student Loan Planner® refund.

Disclosure of Creditors and Bonds

Sofi:If you refinance $100,000 or more through this site, Student Loan Planner will provide $500 of the $1,000 cash bonus directly. Flat rates range from 4.49% APR to 8.99% APR with a 0.25% discount for automatic payment. Variable interest rates from 5.09% APR up to 8.99% APR with 0.25% discount for automatic payment. Unless curtailed by applicable law, floating interest rates for 5, 7 and 10 year terms are capped at 8.95% APR; The 15 and 20 year terms are capped at 9.95% APR. Your actual rate will be within the ranges listed above and will depend on the term you choose, your credit score, income, the presence of a co-signer, and a variety of other factors. Lower interest rates are reserved for the most creditworthy borrowers. For the SoFi floating rate product, the floating rate for a given month is determined by adding a margin to the average 30-day SOFR index published two business days prior to that calendar month, rounded to the nearest hundredth of one percent. (0.01% or 0.0001). The APR on adjustable rate loans can increase after origination as the SOFR increases. SoFi's automatic 0.25% rate cut requires you to agree to make monthly principal and interest payments by automatically debiting a monthly checking or savings account. This benefit will cease and be forfeited for periods when you do not pay by automatic debit from your checking or savings account. The benefit reduces your interest rate but does not change the size of your monthly payment. This benefit is suspended during the deferral and tolerance periods. No automatic payments are required to receive a SoFi loan. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers or may have available such as: B. Contingent Income Reimbursement or Contingent Income Reimbursement or PAYE. SoFi Loans are issued by SoFi Lending Corp. or an affiliate (dba SoFi), a lender licensed by the Department of Financial Protection and Innovation under California Financing Act license number 6054612; NMLS #1121636 (www.nmlsconsumeraccess.org). Additional terms and conditions apply; See SoFi.com/eligibility for details. SOFI RESERVES THE RIGHT TO CHANGE OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT PRIOR NOTICE.

Disclosure of the Fare Equivalence Guarantee

Get $100 when you buy a SoFi Lending Corp. or an affiliate funds a student loan refinance offer. The $100 bonus is not available to OH residents. Rate matching applies to student personal loan refinance products only and applies at the same price without any discounts. Eligible documentation for a competitor's current rate offer issued within 30 days of your pre-qualified SoFi rate is determined at SoFi's sole discretion and must be for the same loan amount and repayment terms. Lower interest rates are reserved for the most creditworthy borrowers. Valid where prohibited by state law. See sofi.com/refinance-student-loan/#guaranteed-rate-match for complete terms and conditions. SoFi reserves the right to change or discontinue at any time without notice. Additional terms and conditions apply; see SoFi.com/eligibility. CFL # 6054612, NMLS # 1121636 (nmlsconsumeraccess.org)

Student Loan Planner® Bonus Disclosure

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Upon disbursement of an Eligible Loan, the Borrower must notify the Student Loan Planner® that an Eligible Loan has been refinanced through the Site, as the Lender does not provide the Borrower's name or contact information. Borrowers must complete theRefinancing Bonus Request Formto claim a bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation of an eligible refinance, email a $500 eGift within 14 business days of the last day of the month in which Student Loan Planner confirms that the qualifying loan is eligible - Map. ®.If a borrower does not claim the Student Loan Planner® bonus within six months of disbursing the loan, the borrower forfeits the right to claim the bonus.The size of the bonus depends on the total loan amount paid. This offer does not apply to borrowers who previously received a Student Loan Planner® refund.

Disclosure of Creditors and Bonds

Credible:If you refinance more than $100,000 through this site, Student Loan Planner will directly provide you with $500 of the above cash bonus.

To begin the Student Loan Planner® enrollment bonus qualification process, customers must apply using the link provided at www.credible.com.

The size of the bonus depends on the total loan amount paid. To receive this bonus, customers must complete and submit a W9 form with all required documents. Taxes are the sole responsibility of the recipient. A customer is only eligible to receive the bonus once. New applicants are only eligible for one bonus. Additional terms and conditions apply.

For the $1,250 bonus associated with refinancing at least $100,000, Student Loan Planner® will provide $500 of the bonus via Giftly, which can be redeemed as a deposit into your bank account or PayPal account. Upon disbursement of an Eligible Loan, the Borrower must notify the Student Loan Planner® that an Eligible Loan has been refinanced through the Site, as the Lender does not provide the Borrower's name or contact information. Borrowers must complete theRefinancing Bonus Request Formto claim a bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation of an eligible refinance, email a $500 eGift within 14 business days of the last day of the month in which Student Loan Planner confirms that the qualifying loan is eligible - Map. ®.If a borrower does not claim the Student Loan Planner® bonus within six months of disbursing the loan, the borrower forfeits the right to claim the bonus.The size of the bonus depends on the total loan amount paid. This offer does not apply to borrowers who previously received a Student Loan Planner® refund.

Disclosure of Creditors and Bonds

Terms and conditions apply. To qualify for this LendKey bonus offer: 1) You must not be a current LendKey customer or have received the bonus in the past, 2) You must submit a completed Student Loan Refinance Form via the Student Loan Planner® link; 3) You must provide a valid email address and checking account number during the registration process; and 4) your loan must be fully paid off.

Receive a $1,250 bonus when refinancing $150,000 or more, or a $100 to $400 bonus when refinancing from $20,000 to $149,999.99, depending on the amount refinanced. For the $1,250 welcome bonus offer, Student Loan Planner® pays $500 directly through Giftly. LendKey will automatically deposit $750 into your checking account upon final payment. For the $100-$400 welcome bonus offer, LendKey will automatically transfer the $100-$400 bonus to your checking account upon final withdrawal. There is a limit of one bond per borrower. This offer does not apply to current LendKey customers who are refinancing their existing LendKey loans, customers who have previously received bonuses, or any other bonus offers that LendKey has received through this or any other channel. Bonus cannot be awarded to residents of KY, MA or MI.

Upon disbursement of an Eligible Loan, the Borrower must notify the Student Loan Planner® that an Eligible Loan has been refinanced through the Site, as the Lender does not provide the Borrower's name or contact information. Borrowers must complete theRefinancing Bonus Request Formto claim a bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation of an eligible refinance, email a $500 eGift within 14 business days of the last day of the month in which Student Loan Planner confirms that the qualifying loan is eligible - Map. ®.If a borrower does not claim the Student Loan Planner® bonus within six months of disbursing the loan, the borrower forfeits the right to claim the bonus.The size of the bonus depends on the total loan amount paid.

Disclosures about Sallie Mae

1 The lowest rates shown include automatic debit authorization discount. Advertised rates are for the Smart Option student loan for college students and are valid from 5/11/22.

The APR advertised for VET students assumes a loan of $10,000 for a student who has attended the school for two years and has not previously received any loans serviced by Sallie Mae. Interest rates on adjustable rate loans may increase or decrease over the life of the loan based on changes in the 30-day average guaranteed overnight financing rate (SOFR), rounded to the nearest eighth of one percent. The advertised variable interest rates are the initial interest rate range and may fluctuate outside of this range over the life of the loan. Interest is calculated from the moment the money is transferred to the school. The fixed and deferred payment option has a higher interest rate than the interest payment option and any unpaid interest will be added to the current loan amount at the end of the grace period/closing period. To receive a 0.25 percentage point discount, the borrower or co-signer must opt ​​for automatic direct debit from Sallie Mae. The discount will only be applied during active payment as long as the amount currently due or the stipulated amount is successfully debited from the authorized bank account each month. May be suspended during deferral or deferral.

Disclosures about Sallie Mae

1 The lowest rates shown include automatic debit authorization discount. Advertised rates are for the Smart Option student loan for college students and are valid from 5/11/22.

The APR advertised for VET students assumes a loan of $10,000 for a student who has attended the school for two years and has not previously received any loans serviced by Sallie Mae. Interest rates on adjustable rate loans may increase or decrease over the life of the loan based on changes in the 30-day average guaranteed overnight financing rate (SOFR), rounded to the nearest eighth of one percent. The advertised variable interest rates are the initial interest rate range and may fluctuate outside of this range over the life of the loan. Interest is calculated from the moment the money is transferred to the school. The fixed and deferred payment option has a higher interest rate than the interest payment option and any unpaid interest will be added to the current loan amount at the end of the grace period/closing period. To receive a 0.25 percentage point discount, the borrower or co-signer must opt ​​for automatic direct debit from Sallie Mae. The discount will only be applied during active payment as long as the amount currently due or the stipulated amount is successfully debited from the authorized bank account each month. May be suspended during deferral or deferral.

Disclosures about Sallie Mae

1 Lowest rates shown include direct debit authorization discount. Advertised rates are for the Smart Option student loan for college students and are valid from 5/11/22.

The APR advertised for VET students assumes a loan of $10,000 for a student who has attended the school for two years and has not previously received any loans serviced by Sallie Mae. Interest rates on adjustable rate loans may increase or decrease over the life of the loan based on changes in the 30-day average guaranteed overnight financing rate (SOFR), rounded to the nearest eighth of one percent. The advertised variable interest rates are the initial interest rate range and may fluctuate outside of this range over the life of the loan. Interest is calculated from the moment the money is transferred to the school. The fixed and deferred payment option has a higher interest rate than the interest payment option and any unpaid interest will be added to the current loan amount at the end of the grace period/closing period. To receive a 0.25 percentage point discount, the borrower or co-signer must opt ​​for automatic direct debit from Sallie Mae. The discount will only be applied during active payment as long as the amount currently due or the stipulated amount is successfully debited from the authorized bank account each month. May be suspended during deferral or deferral.

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discover disclosures

The lowest APR shown for Discover student loans is available to most credible college student loan applicants and includes aonly interest0.25% interest reduction while signing up for automatic payments.

The interest bands represent the lowest and highest interest rates offered on Discover student loans, including undergraduate, college, health, law, and MBA student loans. The lowest APRs shown on residency, bar exam, personal consolidation and parenting loans are available to applicants with greater credit standing and include a 0.25% interest reduction while enrolled in automatic payments.

The fixed interest rate is set at the time of application and does not change during the life of the loan. The variable interest rate is calculated based on the 3-month LIBOR rate plus the applicable margin percentage. For floating rate loans, the 3-month LIBOR is 0.250% effective January 1, 2021. Discover Student Loans may adjust the interest rate quarterly on January 1, April 1, July 1, and September 1. October (the “Interest Rate Change Date”). ), based on the 3-month LIBOR index published 15 days prior to the date of the interest rate change in the Money Rates section of the Wall Street Journal, rounded to the nearest eighth of a percent (0.125% or 0.00125). This can result in an increase in monthly payments, the number of payments, or both.

Our lowest APR is only available to customers with the best credit ratings and other factors. Your effective annual interest rate will be determined after you apply. It is based on your credit history, the payment option you choose, and other factors, including your co-signer's credit history (if applicable). Learn more about Discover Student Loans interest rates at DiscoverStudentLoans.com/Rates.

Disclosures about Sallie Mae

1 The lowest rates shown include automatic debit authorization discount. Advertised rates are for the Smart Option student loan for college students and are valid from 5/11/22.

The APR advertised for VET students assumes a loan of $10,000 for a student who has attended the school for two years and has not previously received any loans serviced by Sallie Mae. Interest rates on adjustable rate loans may increase or decrease over the life of the loan based on changes in the 30-day average guaranteed overnight financing rate (SOFR), rounded to the nearest eighth of one percent. The advertised variable interest rates are the initial interest rate range and may fluctuate outside of this range over the life of the loan. Interest is calculated from the moment the money is transferred to the school. The fixed and deferred payment option has a higher interest rate than the interest payment option and any unpaid interest will be added to the current loan amount at the end of the grace period/closing period. To receive a 0.25 percentage point discount, the borrower or co-signer must opt ​​for automatic direct debit from Sallie Mae. The discount will only be applied during active payment as long as the amount currently due or the stipulated amount is successfully debited from the authorized bank account each month. May be suspended during deferral or deferral.

CommonBond Disclosures: Private School Loans

The terms and conditions offered are subject to change and restrictions by state law. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access (https://www.nmlsconsumeraccess.org/). If you are approved for a loan, the interest rate offered will depend on your credit profile, application and selected loan term and will be within the interest rate ranges shown. If you choose to fill out an application, we will perform a rigorous credit check, which may affect your credit score. All APRs shown assume borrowers accept AutoPay and represent the 0.25% rate cut.

Student Loan Planner® publications

Upon disbursement of an Eligible Loan, the Borrower must notify the Student Loan Planner® that an Eligible Loan has been refinanced through the Site, as the Lender does not provide the Borrower's name or contact information. Borrowers must complete theRefinancing Bonus Request Formto claim a bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation of an eligible refinance, email a $500 eGift within 14 business days of the last day of the month in which Student Loan Planner confirms that the qualifying loan is eligible - Map. ®. If a borrower does not claim the Student Loan Planner® bonus within six months of disbursing the loan, the borrower forfeits the right to claim the bonus. The size of the bonus depends on the total loan amount paid. This offer does not apply to borrowers who previously received a Student Loan Planner® refund.

Disclosures about Sallie Mae

1 Lowest rates shown include direct debit authorization discount. Advertised rates are for the Smart Option student loan for college students and are valid from 5/11/22.

The APR advertised for VET students assumes a loan of $10,000 for a student who has attended the school for two years and has not previously received any loans serviced by Sallie Mae. Interest rates on adjustable rate loans may increase or decrease over the life of the loan based on changes in the 30-day average guaranteed overnight financing rate (SOFR), rounded to the nearest eighth of one percent. The advertised variable interest rates are the initial interest rate range and may fluctuate outside of this range over the life of the loan. Interest is calculated from the moment the money is transferred to the school. The fixed and deferred payment option has a higher interest rate than the interest payment option and any unpaid interest will be added to the current loan amount at the end of the grace period/closing period. To receive a 0.25 percentage point discount, the borrower or co-signer must opt ​​for automatic direct debit from Sallie Mae. The discount will only be applied during active payment as long as the amount currently due or the stipulated amount is successfully debited from the authorized bank account each month. May be suspended during deferral or deferral.

(Video) (Ep. 125) The Mental Health Burden of Student Loans | Student Loan Planner

FAQs

Can a financial planner help with student loans? ›

Advisors can help their clients with student loans by providing education and advice on how to handle their monthly payments. If they're struggling to get by, an income-driven repayment plan may be a good option.

Will Navient forgive my private student loans? ›

You will no longer be required to repay all or part of your outstanding loan balance if you are eligible for forgiveness or discharge. Eligibility requirements and limitations on the amount of the loan balance available to be forgiven vary.

Who is the best person to talk to about student loans? ›

You should talk to your school's financial aid office – they will have information about your federal student loan options. Additionally, you can speak with the U.S. Department of Education's Federal Student Aid Information Center at 1-800-4FED-AID (1-800-433-3243) for information on student loans.

Why am I not eligible for income based repayment? ›

PAYE and IBR Plans

If the amount you would have to pay under the PAYE or IBR plan (based on your income and family size) is more than what you would have to pay under the 10-year Standard Repayment Plan, you wouldn't benefit from having your monthly payment amount based on your income, so you don't qualify.

Is hiring a financial planner worth it? ›

A financial advisor is worth the money if you are uncertain about how to manage your money, invest for your future, and take care of your family. Expert financial advice may be needed at various turning points in your life: when you have a child, get a promotion, or come into an inheritance.

How can I increase my chances of getting a student loan? ›

MAINTAIN A GOOD CREDIT SCORE

If you have ever taken out a loan or used credit cards, you may already have a credit score, which you can check for free online. Having a good credit score means that you can be trusted to pay back your loans on time, which increases your chances of getting an education loan quickly.

How do I know if my Navient loan will be forgiven? ›

The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 (10 years) qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.

Do private student loans go away after 25 years? ›

Any outstanding balance on your loan will be forgiven if you haven't repaid your loan in full after 20 years (if all loans were taken out for undergraduate study) or 25 years (if any loans were taken out for graduate or professional study).

Why are my Navient loans not forgiven? ›

In most cases, only loans that are still collectible or were being reported to credit bureaus as of June 30, 2021, are eligible. If the loan is past the statute of limitations for the state Navient shows as your last known address, then it won't be eligible for cancelation.

What companies are forgiving student loans? ›

If you're looking for an employer to pay off student loans, the following list features 14 well-known companies that offer this benefit.
  • Aetna. Aetna is a leading health insurance company serving customers nationwide. ...
  • Ally Financial Inc. ...
  • Carvana. ...
  • CommonBond. ...
  • Chegg. ...
  • Estée Lauder. ...
  • Fidelity Investments. ...
  • Google.

Who can help me understand my student loans? ›

Contact the Department of Education's (ED) Office of Federal Student Aid (FSA) if you have questions about your loans or payments.

What is the best way to tackle student loans? ›

The swiftest way to cut down your student loan debt is to make payments against your principal balance. If you want to make bigger payments on your loan, just make sure your lender is informed to use that payment to your principal. Sometimes lenders need to be instructed to do this.

At what age are student loans forgiven? ›

Revised Pay As You Earn (REPAYE) works much the same way as Pay As You Earn. Under this plan, your payments will be capped at 10% of your discretionary income. Undergraduate loans are forgiven after 20 years, while graduate school loans are forgiven after 25 years.

What age does student loan get wiped? ›

Plan 1 loans are written off once you turn 65 if you began your studies in the academic year 2005/06 or earlier, while from 2006/07 or later, they are written off 25 years after the April you were first due to repay. Plan 2 loans are written off 30 years after the April you were first due to repay.

Can you make too much for income-based repayment? ›

Your payment is always based on your income and family size. So, if your income increases over time, there's a chance you can end up with a higher payment than you would have had to pay with the 10-year standard repayment plan.

Is it worth paying a financial advisor 1%? ›

Many financial advisers charge based on how much money they manage on your behalf, and 1% of your total assets under management is a pretty standard fee. But psst: If you have over $1 million, a flat fee might make a lot more financial sense for you, pros say.

What is a good rate for a financial planner? ›

Advisors who charge flat fees can cost between $2,000 and $7,500 a year, while the cost of advisors who charge a percentage of a client's account balance — typically 0.25% to 1% per year — will vary based on the size of that balance.

How much money should I have to get a financial planner? ›

Depending on the net worth advisor you choose, you generally should consider hiring an advisor when you have between $50,000 - $1,000,000, but most prefer to start working with clients when they have between $100,000 - $500,000 in liquid assets.

What is the minimum credit score for a student loan? ›

Student loans are the one corner of consumer finance where your credit score doesn't always dictate your ability to borrow, especially if you take out federal student loans. However, private student loan lenders typically require you to have a credit score of at least 670.

What are my chances of getting approved for a student loan? ›

Try applying with several different lenders. With approval rates hovering around 20%, there's a good chance that your first application may not get you the loan you need. But, trying to get approved through several different private student lenders may work out in your favor in the long run.

What if I cant get enough student loans? ›

Request Additional Federal Student Loans

If you've exhausted other options and still need additional funds to help you pay for school, contact your school's financial aid office to find out if you're eligible for additional federal student loans.

Is Navient Cancelling my student loan debt? ›

Navient will notify eligible private loan borrowers of the discharge of their private loans in writing by July 2022. Consumers who are eligible for the private loan cancellation under the settlement do not need to take any action.

How will I know if I qualify for Navient settlement? ›

Generally, to qualify, the borrower's mailing address on file with Navient as of June 30, 2021, must be within one of the restitution-participating states listed above, Arkansas, Kansas, Michigan, Rhode Island, South Carolina, Vermont, West Virginia, or associated with a military address postal code.

How will I know if my student loan will be forgiven? ›

How will I know when my loans are forgiven? The Department of Education will notify you when your application is approved, and your loan servicer will update you once your loans are forgiven. Keep an eye out for any correspondence from your servicer via email or mail, and regularly check your loan balance online.

Do student loans expire after 7 years? ›

Summary: Even if the statute of limitations on your student debt has passed, the debt can still show up on your credit report for up to seven years. There is no statute of limitations on federal student loans, but private student loans have an average statute of limitations of six years.

Do unpaid student loans go away after 7 years? ›

If the loan is paid in full, the default will remain on your credit report for seven years following the final payment date, but your report will reflect a zero balance. If you rehabilitate your loan, the default will be removed from your credit report.

Do student loans clear after 7 years? ›

Do student loans go away after 7 years? While negative information about your student loans may disappear from your credit reports after seven years, the student loans themselves will remain on your credit reports — and in your life — until you pay them off.

Why is Navient stopping student loans? ›

One primary reason for Navient exiting federal student loan servicing is to avoid the spotlight of regulatory oversight. Navient will continue to service private student loans, which still makes Navient susceptible to regulatory oversight in the normal course from federal and state governments.

What happens if I stop paying my Navient student loan? ›

If you default on federal student loans, the government can take your tax refund or up to 15% of your wages. You can also be sued, though this is more common with private loans.

What happens if I dont pay Navient? ›

If you don't make your student loan payment or you make your payment late, your loan may eventually go into default. If you default on your student loan, that status will be reported to national credit reporting agencies. This reporting may damage your credit rating and future borrowing ability.

How can I get all my student loans forgiven? ›

If you work full-time for a government or not-for-profit organization, you may qualify for forgiveness of the entire remaining balance of your Direct Loans after you've made 120 qualifying payments—that is, 10 years of payments.

Are student loans being forgiven after 10 years? ›

Under the federal program, eligible borrowers can have their loans discharged after 10 years if they meet eligibility requirements.

How do I try to get my student loans forgiven? ›

It's a federal program that forgives the remaining balance on your Direct Loans if you meet all of these requirements: Make 120 qualifying payments under qualifying repayment plans.
...
You can't make a qualifying payment while your loans are in any of these statuses:
  1. in-school status.
  2. the grace period.
  3. deferment.
  4. forbearance.

Can I fight my student loans? ›

The bureau provides oversight of many financial products, including private student loans, and can assist with disputes. Federal student loan borrowers also have the option of filing a complaint with the bureau. You can submit a complaint through the bureau's online database and follow the process of the dispute.

What are 3 tips for managing student loans? ›

The total amount of outstanding student loans nearly doubled between the first quarters of 2011 and 2021.
  • Don't ignore them. ...
  • Take stock of your loans. ...
  • Check for special programs. ...
  • Review refinancing and consolidation options. ...
  • Look for a payment plan that works for you. ...
  • Consider your particular situation if you're struggling.

Who is best to talk to about student loan forgiveness? ›

If your service provider is unable to address this topic, you are encouraged to contact the Federal Student Aid Information Center at Student Loan Ombudsman's Office at 1-800-4FED AID.

How to pay off 300k in student loans? ›

There are several strategies that could help you pay off $300,000 in student loans, such as refinancing or pursuing student loan forgiveness.
...
  1. Refinance your student loans. ...
  2. Consider using a cosigner when refinancing. ...
  3. Explore income-driven repayment plans. ...
  4. Pursue loan forgiveness for federal student loans.
Jan 26, 2022

How can aggressively paying off student loans? ›

Here are seven strategies to help you pay off student loans even faster.
  1. Make extra payments the right way.
  2. Refinance if you have good credit and a steady job.
  3. Enroll in autopay.
  4. Make biweekly payments.
  5. Pay off capitalized interest.
  6. Stick to the standard repayment plan.
  7. Use 'found' money.
Jun 17, 2022

What is the smart way to take out student loans? ›

8 Tips for Taking Out Student Loans
  1. Compare financial aid offers. ...
  2. Borrow only what you need. ...
  3. Consider working part-time. ...
  4. Ask questions and follow instructions. ...
  5. Shop around for private loans. ...
  6. Be clear on what you're signing. ...
  7. Note private-loan credit requirements. ...
  8. Consider making interest payments while in college.

Can a financial advisor help with student loan forgiveness? ›

They can take advantage of income-driven repayment forgiveness programs, teacher loan forgiveness programs, student loan cancellation programs, student loan discharge programs and more.

What can I do if I can't afford to pay my student loans? ›

7 Options if You Can't Pay Your Student Loans
  1. Reduce your expenses.
  2. Find ways to increase your income.
  3. Get on an income-driven repayment plan.
  4. Consolidate your federal student loans.
  5. Ask for deferment or forbearance.
  6. Look into loan forgiveness and repayment assistance programs.
  7. Consider refinancing your student loans.
Apr 9, 2022

Can I hire someone to help me with my student loans? ›

The federal government and many private lenders assign each borrower a student loan servicer. Your servicer should be your first point of contact for student loan help. You can find your federal student loan servicer by logging into your My Federal Student Aid account.

What qualifies as financial hardship for student loans? ›

It is a circumstance in which the annual amount due on your eligible loans, as calculated under a 10-year Standard Repayment Plan, exceeds 15 percent (for IBR) or 10 percent (for Pay As You Earn) of the difference between your adjusted gross income (AGI) and 150 percent of the poverty line for your family size in the ...

At what age will my student loans be forgiven? ›

Revised Pay As You Earn (REPAYE) works much the same way as Pay As You Earn. Under this plan, your payments will be capped at 10% of your discretionary income. Undergraduate loans are forgiven after 20 years, while graduate school loans are forgiven after 25 years.

Are all student loans forgiven after 25 years? ›

Any outstanding balance on your loan will be forgiven if you haven't repaid your loan in full after 20 years (if all loans were taken out for undergraduate study) or 25 years (if any loans were taken out for graduate or professional study).

What are three options for student loan forgiveness? ›

4 Student Loan Forgiveness Programs
  • Income-based repayment.
  • Income-contingent repayment.
  • Pay As You Earn (PAYE)
  • Revised Pay As You Earn (REPAYE)
Oct 18, 2022

How much would a $70000 student loan be monthly? ›

For example, if you had $70,000 in federal student loans and made payments under the standard 10-year repayment plan with a 6.22% interest rate, you'd end up with a monthly payment of $785 and a total repayment cost of $94,188. Thankfully, several strategies could help you more easily manage $70,000 in student loans.

Do student loans go away after 7 years? ›

If the loan is paid in full, the default will remain on your credit report for seven years following the final payment date, but your report will reflect a zero balance. If you rehabilitate your loan, the default will be removed from your credit report.

What happens if I don't pay off my student loans in 20 years? ›

If you default on your student loan, that status will be reported to national credit reporting agencies. This reporting may damage your credit rating and future borrowing ability. Also, the government can collect on your loans by taking funds from your wages, tax refunds, and other government payments.

Who is eligible for student loan forgiveness? ›

To be eligible, your annual income must have fallen below $125,000 (for individuals) or $250,000 (for married couples or heads of households). If you received a Pell Grant in college and meet the income threshold, you will be eligible for up to $20,000 in debt relief.

Can I get a student loan and get it forgiven? ›

The answer: Yes! However, there are very specific eligibility requirements you must meet to qualify for loan forgiveness or receive help with repayment. Loan forgiveness means you don't have to pay back some or all of your loan.

What student loans are not eligible for forgiveness? ›

What student loans are not eligible for forgiveness? Private student loans, by definition, are private and are not eligible to be forgiven. These are loans the borrower owes to student loan providers and not the federal government.

Do student loans ever get forgiven? ›

In certain situations, you can have your federal student loans forgiven, canceled, or discharged. Learn more about the types of forgiveness and whether you qualify due to your job or other circumstances.

Videos

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3. (Ep. 121) Student Loan Forgiveness Is Tax-Free Now. Or Is It? | Student Loan Planner
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4. Should Student Loans Make You Afraid | Student Loan Planner
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5. (Ep. 109) Best Student Loan Repayment Strategy Tips by Occupation | Best Repayment Tips
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6. The BEST Strategies for Paying Off Federal Student Loans FAST
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