What is a Perkins Loan? A Perkins Loan is a type of federal student loan that is awarded to students with exceptional financial need. The loan is named after former congressman Carl Perkins, who was a champion for education. Perkins Loans are available to both undergraduate and graduate students. Undergraduate students can borrow up to…
If you’re thinking about missing a student loan payment, you might be wondering how long you have before your loans go into default. We’ve got the answer. Checkout this video: Introduction In the United States, student loan debt is the second largest type of debt behind only mortgage debt. As of 2019, there is approximately…
A jumbo loan is a mortgage that has a loan amount that is higher than the Fannie Mae limit. In most areas of the country, this limit is $417,000, but in some high-cost areas, the limit can be as high as $625,500. Checkout this video: Introduction A jumbo loan, also called a non-conforming loan, is…
A Plus Loan is a federal student loan available to parents and guardians of dependent undergraduate students. Plus Loans can help pay for education expenses not covered by other financial aid. Checkout this video: What is a Plus Loan? A Parent PLUS Loan is a federal student loan that a parent can take out to…
Get all the information you need to know about margin loans – what they are, how they work, and whether or not they’re right for you. Checkout this video: Introduction A margin loan is a loan that is used to purchase securities, such as stocks, bonds, options, and mutual funds. The loan is secured by…
If you’re considering taking out a car loan, you’re probably wondering how interest works. Here’s a quick guide to help you understand the basics. Checkout this video: Introduction When you borrow money to buy a car, the lender charges you interest on the loan. The amount of interest you pay depends on the amount of…
If you’re facing foreclosure, you may be wondering what a loan modification is and if it’s right for you. A loan modification is a way to change the terms of your mortgage so that you can afford the payments. Keep reading to learn more about loan modifications and whether or not they’re right for you….
A consumer loan is a loan given to an individual for personal, family, or household purposes. The Federal Trade Commission (FTC) defines consumer loans as “any loan made by a lender to a consumer for personal, family, or household purposes.” Checkout this video: What is a consumer loan? A consumer loan is a loan that…
If you’re wondering where you can get a loan with no credit, the answer is: it depends. There are a few options available to you, but it’s important to understand the terms and conditions before you commit to anything. We’ll explore a few of those options here so you can make the best decision for…
If you’re wondering what disabilities qualify for student loan forgiveness, you’re not alone. Many people with disabilities struggle to repay their student loans, and student loan forgiveness can be a lifeline. The good news is that there are a number of programs that offer student loan forgiveness for people with disabilities. Here’s a rundown of…