Parent PLUS loans have some of the highest rates around with current rates at 6.31% and 7.21% in the 2014 – 2015 academic year. Refinancing Parent loans can save dramatic amounts in interest cost and help you get out of debt faster. At Purefy, our fixed rates start at 3.50% and our variable rates start … Continue reading Refinancing Parent PLUS Loans
Federal student loan interest rates have risen. Effective July 1, undergraduates who take out direct subsidized loans or direct unsubsidized loans will be paying 4.45% in interest – an increase from the previous rate of 3.76%. But that’s not all. Graduate students who’ve taken out direct unsubsidized stafford loans will see interest rates … Continue reading Federal Student Loan Interest rates are rising, here’s what you need to know and how you can save
Student loan debt can be a real drag on your finances. In a recent study, 47% of those surveyed reported that they’d put off starting their own business because of their student loan debt. Predictably, 62% of respondents said student debt imposed on their personal budget. With the national student loan debt reaching $1.4 trillion, it’s … Continue reading 6 Strategies for Paying Back Private and Federal Student Loans
Student loans don’t have to be a till death do you part relationship. We have a unique solution for spouses seeking to refinance through our Couple Loan. With the Couple Loan, only by Purefy, both spouses refinance their student loans together into one monthly payment, one lower interest rate and a better term.
There is all sorts of advice out there on how to manage your finances, but it all boils down to a few basics. Whether you’re investing, refinancing your student loans, or paying down credit card debt, use these methods in order to make the most of your money and your time. Create a … Continue reading Managing Finances in Your 20s
The burden of student loans isn’t limited to one demographic, but like most issues, some are affected more than others. The national debt has just passed $1.4 trillion and nearly two thirds of that burden is shouldered by women, according to a recent study by the American Association of University Women.