Paying for college is a financially challenging time for many young people, especially as it’s often their first time away from the parental home. It’s important to understand how private and federal student loans can be used to bridge the gap between savings and educational costs. A recent National Post-secondary Student Aid study recently revealed that the average amount owed…
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Should You Hire an Attorney? The Truth about Loan Remodification Programs In essence, a loan remodification program, or “loan mod” is simply a renegotiation of your original mortgage with your original lender. It is not a refinance where you try to get a better deal with a lower APR from a different lender. There are many types of programs available…
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According to a study by the National Post-secondary Student Aid Study (NPSAS), 65.6% of seniors have had to borrow money to finance their higher education. Whilst many individuals will find work and not face money issues, this won’t be the case for everyone. Student loan deferment allows someone to stop making repayments for a finite period of time until their…
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