Q&A
Asked by Tyshia
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Yes, fortunately FHA now allows borrowers to
qualify using an estimated payment of 1% of
their student loan balances. Note that even
if the loans are in deferment, or...
Q&A
Asked by Michael
Answered by Pamela J. Horack, , CFP®PRO+ in Lake Wylie, SC
Hi Michael! I'm a huge fan of paying off debt
as soon as possible. You can't build your
finances up if you are busy filling in a hole
of debt. Make a plan to focus all...
Q&A
Asked by Greg Weber
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi -
Student loans can be consolidated, but
you can't mix and match private loans and
federal loans in the same consolidation
package. Like any "loan re-do" the plac...
Q&A
Asked by Joseph
Answered by Kate Holmes , CFP®PRO+ in Las Vegas, NV
Hi Joseph. That depends on the type of loans.
If they're all federal, you can use a Direct
Consolidation Loan:
https://studentloans.gov/myDirectLoan/consolid
ationPape...
Q&A
Asked by Yunas
Answered by Kate Holmes , CFP®PRO+ in Las Vegas, NV
Hi Yunas. It's up to each person how much and
what kind of debt they acquire. One of the
things I highlighted in "The Millennial Next
Door: How To Be Financially Succe...
Q&A
Asked by Abdul Aseez
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
You should find your answer in Millennials
Blame Student Debt for Poor Retirement Saving
. Please let us know if you have any follow-up
questions.
Q&A
Asked by Steffanie
-
Upvote 17
- |
Answered by Steve Stanganelli , CFP®, CRPC® in Amesbury, MA
There are all sorts of strategies that you can
employ to reduce potential college education
costs. For every family these options will
differ. Part of it depends on w...
Q&A
Asked by Meredith L
Answered by Charlie Donaldson, MBA in Newark, DE
Meredith,
Great question. Know that you
are no alone in this concern. There are
thousands of people who are struggling to pay
their student loan bills.
Dependi...
Q&A
Asked by Meredith L
Answered by Paul Carag, Financial Adviser in Renton, WA
Hi Meredith, ultimately, this should be
answered by a CPA with experience in these
issues so I would encourage you to reach out
to one. However, what I'm seeing in my
...
Q&A
Asked by Victor
Answered by Charlie Donaldson, MBA in Newark, DE
Great question about student loans and their
rate and terms.
The best rate/terms will be
from the government.
Direct loans are 4.29%
(Up to $3,500 per year can b...
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