3 People, 3 Ways of Crushing College Debt
Refinancing saved one borrower $125 a month. A federal forgiveness program wiped $5,000 off another’s balance. A third went all-in on extra payments. Here’s how three people are crushing their…
Teddy Nykiel
Teddy writes about student loans, the FAFSA and managing money after college. Her work has been featured by the Associated Press, USA Today, Chicago Tribune and Reuters. Although she is fortunate to be debt-free herself, she’s about to take on a whole new money challenge: Helping her fiancé repay his medical school debt. Teddy's favorite part of her job is hearing from readers — drop her a line with your story: teddy@nerdwallet.com.
Posts by Teddy Nykiel:
This Little-Known Tactic Can Save You Thousands on Student Loans
There’s a largely untapped solution for many of the millions of Americans who carry student loan debt: refinancing. Student loan refinancing means replacing existing student loans with one, new loan…
Does Refinancing Student Loans Save Money?
Generally, the more you owe on student loans, the more you can save by refinancing. Student loan refinancing will save you money if you qualify for a lower interest rate…
Can You Refinance Student Loans?
You can refinance student loans. Opportunities to do it have been growing since SoFi, a San Francisco-based lender, began offering student loan refinancing for both federal and private student loans…
Calculate Student Loan Interest, Step by Step
Learning how to calculate student loan interest helps in understanding what you’re really paying for college debt. Interest on federal student loans and many private student loans is calculated using…
Fixed or Variable Student Loan: Which Is Better?
Fixed student loan interest rates are generally a better option for most borrowers right now because variable student loan interest rates have been rising and are expected to continue going…
Biweekly Student Loan Payments Knock Out Debt Faster
Scheduling biweekly student loan payments makes it easier to pay off debt faster and save on interest — without even realizing it. This strategy is perfect for people who want to pay extra…
7 Ways to Get the Lowest Interest Rate on Student Loans
All federal loans issued each year have the same, fixed interest rate — regardless of the borrower’s credit. Private student loans, on the other hand, have wide-ranging interest rates. For…
How to Pay for Law School
Going to law school usually means taking on a lot of debt. Almost 90% of law school students take out law school loans, and the average law school debt was…
Class of 2018: 8 Ways to Prep for Financial Adulthood
Whether you’re graduating from high school or college, a diploma and a job represent the beginning of your personal — and financial — adult life. It’s an exciting, sometimes overwhelming…
