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Entries by Ascent Student Loans

Student Loans are a Labor of Love

 

At Ascent, we are on a mission to help students and families gain access to data and resources that can help them make informed decisions to more accurately determine the return on their investment and help them avoid over paying for their education. We know that students come from a variety of different backgrounds and have unique needs that call for specific solutions. There’s no one-size-fits-all approach to student loans, which is why we do our best to cater loans to your individual situation. We understand that many students may need to work to support themselves or their families while […] Read more

Tips to Find a Cosigner for Your Student Loan

 

Researching and applying for student loans can at times be challenging and confusing. Often, one of the more difficult aspects of the process can be identifying and securing a cosigner for your loan, someone who is legally responsible to repay a loan if for whatever reason you cannot.  If you can’t qualify for a loan in your own name for the full amount needed, applying with a creditworthy cosigner may help you qualify for a lower interest rate. Though most students use their parents as cosigners, this is not an option for some students for a variety of reasons.

If enlisting […] Read more

Three Ways to Address Student Loan Debt Fatigue

 

 

Feeling emotionally drained, weary, or burnt out when it comes to your student loans? Do you see no end in sight to your monthly payments? You’re likely suffering from debt fatigue.

 

Debt fatigue occurs when you are generally exhausted from the effort debt repayment has put you through. You’ve paid so much, but it’s still not enough so you start to lose hope. Here are three ways to help you cure your case of debt fatigue.

 

1. Make a Simple Plan (And Stick To It)

 

There are many recommendations for how to set up a budget. You can go old school with spreadsheets […] Read more

Last-Minute Options for Filling Your College Funding Gap

 

It happens to the best of us—we get so swept up in preparing for college that we may struggle to make ends meet when it comes to securing school funding. Going to college often involves moving away from home for the first time and taking on new financial responsibilities that can demand a lot of time and energy. There can be many uncertain factors that prevent us from securing all our college funding. If you find that you need to secure funds right before school starts, you don’t have to go about it alone. This guide, along with our other […] Read more

Back to School: Planning for the Year Ahead

 

In our blog, Budgeting Tips for the School Year, we explored several ways in which you can prepare yourself for financial stability throughout college. In this Back to School blog, we’ll be providing more tips on how to thrive mentally and financially throughout the semester. Even when you’re well within the school year, it’s important to stay on track to meet your educational and financial goals.

Once you have the budgeting ball rolling, it’s much easier to keep it going, but you’ll still have to work through the occasional bump in the road. We’ll explore some of the mental and financial challenges […] Read more

How to Talk to Your Kids About Money and Paying for College

 

Talking about money with anyone can be hard. Talking about paying for college with your kids can be even tougher with all that is riding on a college education. But, the paying for college-conversation needs be had earlier before a college choice is made. So, here are three ways to talk to your kids about money and paying for college.

 

1. Make It Fun

 

The cost of a college education can be intimidating and more to manage than a typical teen is used to handling. A teenager may not fully comprehend the value of loans. To the typical teen, loans may simply […] Read more

Budgeting Tips for the School Year

 

The price of college can go beyond just tuition—living expenses and additional school costs can really add up. Quickly. This is why brushing up on some financial education tools can go a very long way when it comes to managing your college-related expenses. One of the most important skills you can develop is the ability to create and stick to a budget. Let’s look at some of the ways you can take control of your financial future, starting with budgeting tips for the school year:

Plan Ahead

The art of building a budget is understanding your income, fixed expenses and flexible expenses.

Income […] Read more

Don’t Over Borrow: Why You May Need Less Than You Think

 

According to a Nerdwallet study, nearly half of student loan borrowers say they could have gotten by with a smaller loan. Now more than ever, it’s critical for potential borrowers to understand their future college costs to get the proper loan amount. By weighing all the options available for financial aid and having a clear understanding of college and living expenses, you may avoid costly over borrowing for the financial help you need.

 

Understanding Costs is the First Step

The majority of students are responsible for covering 50-74% of the overall cost of their degree, including living expenses, books and any other […] Read more

5 Tips for Parents: Help Your College Student Have a Productive Summer

Summer plans can vary greatly from what your college student has planned, and what you expect as their parent. To students, summer plans likely include beach days and fun, while you encourage them to continue their studies or gain valuable work-experience. These two objectives seem far apart, but you can them to find a balance.

 

Instead of reminding your son or daughter of their responsibilities all summer long, try recommending one of the following options to better prepare them for their future career. They might even have some fun while doing so.

 

1. Internships

Summer internships are the perfect way to test drive […] Read more

Parent PLUS Loans: Know the Facts Before You Borrow

 

Your child has been accepted into college! Congratulations, but here comes the hard part – how do you pay for it? A common option is the federal Parent PLUS loan, but how do you determine if it is right for your family?

 

What is the Parent PLUS Loan?

The federal Parent PLUS loan is a loan option offered by the Department of Education for parents, step-parents, and adoptive parents of dependent undergraduates. The Direct Parent PLUS loan designed as a “request for supplemental information in connection with the Federal Direct Plus Loan through the William D. Ford Federal Loan (Direct Loan) Program.”

In […] Read more