Sean Pyles Nerdwallet Published 12:47 PM EDT Sep 17, 2019 Glossy mailers promising low rates and cleverly crafted ads on your favorite podcast might leave you wondering: Should you refinance your student loans? With over $1.6 trillion in student loan debt in America as of March 2019, student loan refinance companies have an incentive to entice you. And a lower payment sounds alluring. But is refinancing the right move for you? Dig Into Your Finances Before you make a big change to your money management, such as refinancing your student loans , fully understand your overall financial picture, says Barbara Thomas, executive vice president at SouthEast Bank. This will ensure you’re coming from an informed place so you can make the best decision for your situation. The more solid your footing – you’re paying all bills on time, putting away savings and still have cash left at the end of the month – the more likely it is you could qualify for a refinance … [Read more...] about Millennial Money: Is student loan refinancing right for you?
30 year student loan refinance
Susan Tompor Detroit Free Press Published 7:00 AM EDT Aug 9, 2019 Asabe Danpollo, 24, has one of those dream jobs that more young professionals are yearning to get. As part of the perks of working at PwC, her company promises to pay $100 a month toward her student loan debt. The offer covers up to six years — potentially knocking off up to $7,200 in principal. The total value is more since another $2,800 or so in interest could be eliminated, too. "Most of my debt comes from my master's program," said Danpollo, who earned an undergraduate degree in accounting from Michigan State University in 2016 and later a master's degree in strategic management in Ireland from University College Dublin. Danpollo, who comes from a family of seven children, said she put herself through college. She kept a lid on her undergraduate costs by working at the MSU library for a year and being awarded scholarships as part of the Michigan State women's rowing team. She … [Read more...] about The right job can help you pay down your student loans
Susan Tompor Detroit Free Press Published 6:00 AM EST Jan 27, 2019 A "Saturday Night Live" sketch in January generated plenty of laughs with a fake game show called "Millennial Millions" where twenty-somethings compete for prizes, such as a chance to pay off their big student loans. But employers are increasingly recognizing that $35,000 or more in student loan debt is a serious matter that is stressing out many workers. "We're finding that more and more employees are entering the workforce with more college debt," said Maria Darbonne, manager of savings plans for Fiat Chrysler Automobiles. "We know it's overwhelming." So as we enter 2019, expect to hear more about financial wellness — including finding ways to help debt-burdened employees recover from an increasingly common financial headache. One of the latest moves: Auburn Hills-based FCA US began partnering this year with CommonBond for Business to offer a way for salaried … [Read more...] about FCA employees get chance to pay down student loans