Understanding Credit Scores

Credit scores play a crucial role in helping lenders assess your creditworthiness based on your credit report. If you’ve been responsible for repaying debt in the past, you’re likely to have a higher score. Remember, these scores are dynamic and can change as your credit report evolves.
 

Understanding the Student Aid Index (SAI): A Key Component in College Financial Aid

The Student Aid Index (SAI) plays a key role in determining the financial aid a student may receive for an academic year. Below, we answer some common questions regarding SAI and its significance in the financial aid process.
 

Private Student Loans: Understanding the Role of a Cosigner

If you’re a college student needing a private student loan, you might need a cosigner. This isn’t because of bad credit, but because you might not have enough credit history yet. Parents, guardians, relatives, or other trusted people can help you qualify for a loan or get a lower interest rate.
 

Understanding Student Loan Servicers: Importance and Identification

Student loan servicers play a crucial role in managing the repayment process of student loans. This article will help you understand what a student loan servicer is, why it’s important to be familiar with your servicer, and how to identify your servicer for both federal and private loans.

Exploring Arkansas Scholarship Opportunities

As you navigate the exciting journey toward higher education, one essential aspect of a successful journey is financing your education. Arkansas offers scholarship opportunities to ensure students can pursue their academic goals without the burden of overwhelming debt. From merit-based awards to those based on unique talents and backgrounds, the scholarships available in Arkansas cater to a diverse range of students.

Financial Aid 101

Applying for financial aid can appear to be difficult or even daunting. This article will introduce you to the types of financial aid, the application process, and resources to walk you through this process and ultimately make applying for financial aid a smoother and less challenging time.

Managing Student Loan Debt – Don’t Overborrow

In late winter or early spring, many families begin to find college acceptance letters in their mailboxes. As students try to decide which college or university to attend, it is vitally important to consider how much student loan debt you may incur by attending a certain school. The consequences of taking on too much student loan debt can be severe.

Understanding Private Student Loan Interest Rates

When it comes to paying for higher education, students and their families may have to turn to private student loans to bridge the gap between available resources and the cost of tuition. Private student loans, unlike federal loans, are offered by banks, credit unions, and other financial institutions.

Avoid Student Aid Scams

Companies that offer financial aid services can charge you a lot of money.  You don’t have to pay hundreds of dollars for financial aid help.  Even though it’s not illegal to charge for helping students and parents find financial aid, most, if not all the information you pay for is also available for free.

Federal Student Loans vs Private Student Loans

This article will explain the differences between Federal student loans and Private student loans. It is important to understand the benefits of both types of loans to make the best financial decision for your education.