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My Fed Loan

If you have taken a federal student loan, there is a 1 in 3 chances that it is being serviced by FedLoan, who are known as AES-PHEAA. That may sound a little confusing, but, don’t worry, I shall explain. Now, all federal loans, are generally ...

Great Lakes Student Loans

When the time to repay your student loan comes, you may be surprised that you do not deal directly with the US Department of Education. This is because the Federal Government issues out billions of dollars in student loans, but they do not supervise ...

Earnest Review

The process of refinancing student loans can be difficult. It may even seem like a tall order trying to trim down the number of loans you have and looking to get the lowest interest rate, and you may end up giving up. You shouldn’t though. There ...

How to Painlessly Pay off your Student Loans

If you are trying to pay off your student loans, you are not alone. As of 2018, there was a total of $1.5 trillion student loan debts. This is an all-time high, and thanks to the constant rise of new debtors and compound interest, this amount ...

Here’s How you can pay for your college

According to statistics, families in the US spend an average of $26,000 per year on tuition fees and other college costs. This is very high, and most of them end up using up all of their savings and other earnings to get their kids through college. ...

What to do if your parent plus loan is denied

If you had applied for a parent plus loan and got a rejection, you are probably pretty frustrated about it. Do not worry, this is normal, and it happens to many people. When it comes to loans, it is a 50-50 chance. Now, if you have received a ...

The 4 Types of Economic Systems – And Why They Matter

The way we organize our economies has evolved over the millennia. Almost no society operates on a hunter-gathered basis nowadays and instead almost every consumer exchanges some good for another in order to get through daily life, with some market ...

How economies of scale work

Efficiency is a driving force in economics: by producing products and services more efficiently, companies can offer lower prices, leading to more demand and higher trade. In turn, thanks to efficiencies, economies grow. Economies of scale ...

Understanding the price elasticity of demand

Knowing a little bit about how economics works means you can be in better control of your money, and your financial future. Retailers and banks make rational business decisions based on economic theory, and in their own interests. Understanding ...

Price Floors: Everything You Need to Know

There are plenty of questions regarding price floors and price ceilings. People may wonder what they are, how they affect the people and markets, and if they are really beneficial or not. We’re going to discuss the differences between price floors ...