There is a smarter way to approach ways save student loans, and it starts with knowing a few key details. This guide covers them, along with tips you can apply immediately.
Key Takeaways
- 93shares Facebook2 Twitter46 Pinterest0 LinkedIn45 A few weeks ago I posted about the greatness that is SoFi.
- Here’s the solid news: SoFi isn’t the only student loan refinancing company.
- In fact, there are about a dozen other well-respected choices.
- Not all student loan refinancing companies offer the same rates to everyone.
A Closer Look at Ways Save Student Loans
While some readers sent me positive first hand experiences with the company, others were disappointed to find the rates they qualified for wouldn’t assist them out much. Worth noting: they might not all boast skydiving for singles like SoFi, but they’re still highly capable of saving you thousands of dollars on your student loan payments.
- Here’s the rub.
- In the world of debt, a few fractions of a percent can add up to hundreds or even thousands of dollars* of savings. *The average savings from refinancing student loans to a reduce rate is anywhere from $13-$20,000.
- More importantly, no matter which method you slice it, that’s a metric F^@K ton of money.
- The traditional method of finding the best interest rates involves first researching which refinancing companies are trustworthy, filling out lengthy applications, hoping this all wasn’t a massive waste of your time, then doing it all over again.
What to Know About Ways Save Student Loans
It’s a process that is timely, to put it kindly, and a massive pain in the ass, to put it accurately. Instantly Comparing Student Loan Rates with LendEdu Forget wasting time on research and applications - LendEdu is a one stop tool for window shopping student loan refinance rates.
- Remember that lendEdu is a completely legit aggregator of student loan choices.
- Think Lending Tree or Expedia.com for student loan refinancing.
- Their program will walk you through 10 quick questions, then automatically reveal you the type of refinancing offers that work for your individual situation.
- Once you’ve answered the questions, LendEdu allows you to simply compare all your pre-qualified offers from the 12 best refinancing companies.
How Ways Save Student Loans Really Works
As a rule, lendEdu was actually founded by few normal guys with student loans themselves, who became frustrated with the obstacles to finding solid refinancing rates. When they couldn’t find any tools to assist them through the process, they decided to create their own.
- Since these guys know how overwhelming the whole student loan process can feel, their team designed LendEdu be as straightforward and painless as possible.
- Here’s how straightforward the process is: 1.
- In short, don’t worry, this isn’t a test.
- The questions include a bunch of gimmes… I mean, your first and last name make up two of the ten questions.
Getting the Most From Ways Save Student Loans
Other brain killers include where you went to school, your degree, and address. Three minutes later, finish answering those questions.
- Worth noting: remember when I said they were straightforward?
- Unless you type slower than a 1930s typewriter, you should be done with the whole process in less than 3 minutes.
- Go ahead, time me.
- 3 minutes… That’s less time than the skillet dinner recipe you just watched on Youtube, and I don’t know of any skillet dinners that come topped with $20,000.
Tips That Make a Difference
More importantly, compare your interest rates throughout 12 of the top student loan refinancers in the country. (Including SoFi) It genuinely is just window shopping for student loans. See a rate you like?
- Go ahead and save a few thousand dollars.
- Don’t see anything solid?
- Remember that you’re only out about 3 minutes of your time.
- FAQs: Is LendEdu free?
Common Mistakes to Avoid
Does LendEdu impact my credit score? The program uses what’s called a “soft pull” which does not impact your credit score at all.
- As a rule, is there some sort of catch once I check my interest rates?
- LendEdu is just a tool to see what your choices are.
- Browsing their free tool puts you under no obligation to do or purchase anything.
- Is my information safe with LendEdu?
Is Ways Save Student Loans Worth It?
In short, lendEdu is totally legit and uses Norton level security, so fear not. I wouldn’t worry too much about this one anyway; your name and address are about as personal as LendEdu’s questions get.
- Conclusion If I could earn a few thousand dollars for 3 minutes of work, I’d lock myself in my office and swear off sleeping forever.
- If you have student loans, there’s no question you should take those three minutes and potentially save yourself thousands.
- Worth noting: i’ve said it before - trying to build wealth while paying interest on debt is like swimming against the current… with an anchor near your leg.
- Put simply, LendEdu is the best tool I’ve seen to assist you cut off that anchor for solid.
Frequently Asked Questions
How can I save money on ways save student loans?
Compare prices across a few retailers, look for active coupon codes, and time bigger buys around sales events. Worth noting: they might not all boast skydiving for singles like SoFi, but they’re still highly capable of saving you thousands of dollars on your student loan payments.
Is it worth shopping around for ways save student loans?
Usually yes. Here’s the rub.
What should I check before buying?
Read the terms, confirm any code still works, and factor in shipping or returns. In the world of debt, a few fractions of a percent can add up to hundreds or even thousands of dollars* of savings. *The average savings from refinancing student loans to a reduce rate is anywhere from $13-$20,000.
Smart Ways to Save More on Ways Save Student Loans
- Compare the final price including shipping, not just the headline number.
- Check for student, military, or first order offers you may qualify for.
- Time non urgent purchases around major sale events for the deepest cuts.
- Leave items in your cart for a day; some stores send a follow up discount.
- Pair cashback with a coupon so you save twice on the same order.
Final Thoughts
The bottom line on ways save student loans: a little research goes a long way. Compare your options, watch for seasonal offers, and never pay full price when a better deal is a click away.
Originally published at mymoneywizard.com.
