Repayment

Repayment Archives - Sparrow Nest

The average individual with a Masters in Social Work has around $68,000 to $76,000 in student loan debt. If you’re in the same boat, you’re not alone. To relieve the burden of student loan debt, consider pursuing loan forgiveness for social workers. Many federal forgiveness programs support individuals who work in public service, including social &hellip; Continue reading "Loan Forgiveness for Social Workers &#8211; Updated 2023 Guide"

Loan Forgiveness for Social Workers - Updated 2023 Guide

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Loan Forgiveness for Social Workers &#8211; Updated 2023 Guide

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Abigail Eun

Private Student Loans

Private Student Loans Archives - Sparrow Nest

Sallie Mae and SoFi are two reputable lenders in the private loan industry, so you truly can’t go wrong with either. If you’re debating Sallie Mae vs. SoFi, here’s what you should know about their private student loans before borrowing with either lender. Sallie Mae vs. SoFi: A Side-by-Side Comparison The table below offers an &hellip; Continue reading "Sallie Mae vs. SoFi: Which is Better for Student Loans?"

Sallie Mae vs. SoFi: Which is Better for Student Loans?

Refinancing your student loans is a great way to lower the interest rate or monthly payment of your current loan. If you’re debating between Earnest and SoFi, here’s what you should know about both lenders before picking one to move forward with. Earnest vs. SoFi: An Overview Here’s an overview of how Earnest and SoFi &hellip; Continue reading "Earnest vs. SoFi: Who&#8217;s Better for Student Loan Refinancing?"

Earnest vs. SoFi: Who's Better for Student Loan Refinancing?

Earnest vs. SoFi: Who&#8217;s Better for Student Loan Refinancing?

Being a military spouse requires a level of sacrifice some may never understand, and oftentimes placing your career on hold is one of them. While sometimes necessary to keep up with a life of frequent moves, it can create additional challenges when it comes to paying off student loans.&nbsp; While there are an abundance of &hellip; Continue reading "How to Get Student Loan Forgiveness for Military Spouses"

How to Get Student Loan Forgiveness for Military Spouses

Stories

Stories Archives - Sparrow Nest

The College of Wooster selects Sparrow to help their students find the most affordable financing for school. Approximately 9% of graduating students from The College of Wooster borrow private student loans. This may seem relatively small, but with an average loan size of $16,000 &#8211; the demand for private student loans is significant. As a &hellip; Continue reading "The College of Wooster partners with Sparrow to assist growing student population with financing needs"

The College of Wooster partners with Sparrow to assist growing student population with financing needs Sparrow Nest

The College of Wooster partners with Sparrow to assist growing student population with financing needs

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Sparrow Team

If you owe more than 6-figures in student loans, you may feel overwhelmed by your debt. However, you’re not alone. In 2021, there were around 900,000 borrowers who owed $200,000 or more in student loans. If you want to learn how to pay off $200k in student loans fast, you’re in the right place. Keep &hellip; Continue reading "How to Pay Off $200k in Student Loans Fast"

How to Pay Off $200k in Student Loans Fast

Financial Wellness

Financial Wellness Archives - Sparrow Nest

Building a college list, or a list of colleges and universities you’d be interested in applying to, is an important step when applying to college.&nbsp; It can help you identify your best-fit colleges, narrow down your options, and make informed decisions about where to apply and ultimately attend.&nbsp; If you don’t know how to build &hellip; Continue reading "Guide on How to Build a College List"

Guide on How to Build a College List

Most Popular

Most Popular Archives - Sparrow Nest

College is a special four years of your life, and you’ll want to make the most out of your experience. Here’s the ultimate college bucket list to make memories that will last you a lifetime.  #1: Study Abroad Studying abroad can be a once-in-a-lifetime experience. Not only do you get to study in another country &hellip; Continue reading "Bucket List for College: 15 Things to Do During University"

Bucket List for College: 15 Things to Do During University

Federal Student Loans

Federal Student Loans Archives - Sparrow Nest

With President Biden’s student loan forgiveness program dominating news headlines as the federal courts debate the legality of his debt relief plan, you may be wondering, “What is student loan forgiveness?” If that’s the case for you, you’re in the right place. Keep reading to learn about what student loan forgiveness is and what programs &hellip; Continue reading "What is Student Loan Forgiveness?"

What is Student Loan Forgiveness?

Grants and Scholarships

Grants and Scholarships Archives - Sparrow Nest

If you are considering going to grad school after college, you may be wondering, “How much does grad school cost?” Making the decision to attend graduate school is one thing, but paying for it is another issue. Whether you plan to take out graduate student loans, receive a scholarship, or pay out-of-pocket, being aware of &hellip; Continue reading "How Much Does Graduate School Cost?"

How Much Does Graduate School Cost?

With average college tuition costs rising every year due to inflation, it’s increasingly important to be aware of the costs associated with higher education. One aspect of this is understanding what exactly tuition is, along with how it differs across factors like geographical location and institution type.&nbsp; Tuition vs. Cost of Attendance Tuition and cost &hellip; Continue reading "What is the Average College Tuition?"

What is the Average College Tuition?

Welcome to college application season – one of the most exciting and slightly stressful milestones in your life.&nbsp; Though the college application process may seem overwhelming, familiarizing yourself with what it entails, including admission requirements, deadlines, and application timelines, is key to being prepared. Use this college application checklist to guide you at every step &hellip; Continue reading "Preparing for University: A College Application Checklist"

Preparing for University: A College Application Checklist

Both federal and private student loans can be used for educational expenses. While that typically means costs like tuition and fees, there’s a variety of items that fall under the umbrella.  In fact, you can use your student loans for living expenses, child support, and even study-abroad programs. Can I Get a Student Loan to &hellip; Continue reading "Can You Use Student Loans for Living Expenses?"

Can You Use Student Loans for Living Expenses?

Filing the Free Application for Federal Student Aid (FAFSA) is the first step to receiving federal financial aid. Though it may seem like a daunting task, all it takes is a little bit of preparation, time, and focus. To save yourself from making any FAFSA errors, here are the most common mistakes that are made &hellip; Continue reading "Most Common FAFSA Errors to Avoid When Applying"

Most Common FAFSA Errors to Avoid When Applying

Congratulations on being accepted into college! (*virtual fistbump*) If you’re leaving home to embrace the “dorm life,” we’re here to help. Our comprehensive college dorm checklist covers everything you should and should not pack as you leave home.&nbsp; What are Must-Haves for College Dorms? When you’re moving into a college dorm room, it’s better to &hellip; Continue reading "A Comprehensive College Dorm Checklist for Leaving Home"

A Comprehensive College Dorm Checklist for Leaving Home

While there are both drawbacks and benefits of paying off student loans early, the decision ultimately depends on your financial priorities and standing. Should I Pay Off Student Loans Early? Ask yourself the following questions: #1: Do you have at least 3-6 months’ worth of emergency funds? Having a rainy-day fund that can last you &hellip; Continue reading "What are the Benefits of Paying Off Student Loans Early?"

What are the Benefits of Paying Off Student Loans Early?

The best student loan for you will always be the one that suits your individual needs best. However, it’s helpful to have a few strong options to start with so you can get a better idea of what your loan options will look like. Whether you’re pursuing an undergraduate degree, a law degree, or a &hellip; Continue reading "Best Private Student Loans of 2023"

Best Private Student Loans of 2023

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Grace Lemire

If you’re a borrower, you may be wondering, “Are student loan payments tax deductible?” For qualifying borrowers, the answer is yes. The student loan interest deduction is a federal tax break that lowers how much of your income is taxed. It was created by the federal government to help borrowers pay for higher education. Keep &hellip; Continue reading "Are Student Loan Payments Tax Deductible?"

Are Student Loan Payments Tax Deductible?

Student Loan Refinancing

Student Loan Refinancing Archives - Sparrow Nest

According to Forbes, the median total cost of becoming a doctor in 2020 was between $255,517 to $337,584, leaving many with hefty student debt totals. If you’re looking to lower the costs of your medical school loans, consider loan refinancing. Refinancing is the process of taking out a new loan with better terms to repay &hellip; Continue reading "Refinance Medical School Loans: A Complete Guide"

Refinance Medical School Loans: A Complete Guide

If you need to take out student loans to pay for educational costs, you’re not alone. With rising college prices, it’s no surprise that one in seven Americans currently hold student loan debt.  If you’re a first-time borrower, you may be wondering, “How long does it take to get a student loan after submitting an &hellip; Continue reading "How Long Does It Take to Get a Student Loan?"

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Loan Forgiveness for Social Workers – Updated 2023 Guide