Meaghan Hunt

2 weeks ago | abc3340.com | Meaghan Hunt

Key takeawaysBorrowers can pay off a HELOC early at any time during the draw period or repayment period. Paying off a HELOC is not the same as actually closing a HELOC. There are benefits to paying off a HELOC early, but there may also be drawbacks such as prepayment penalties. Options for settling a HELOC include repaying and refinancing.

2 weeks ago | bankrate.com | Meaghan Hunt |Emmanuel Nyame |Michele Petry

A cost segregation study is an approach real estate investors can leverage to maximize their savings on income-generating properties. They are conducted by highly skilled teams of professionals, which may include tax accountants, attorneys, engineers and more. These studies have downsides to keep in mind as well, including an upfront cost and a risk of audit when employing the findings.

2 months ago | bankrate.com | Meaghan Hunt |Annie Cole |Pippin Wilbers

The FAFSA Submission Summary replaces the Student Aid Report (SAR) which includes a summary of your submitted FAFSA application and ballpark estimates for your federal aid eligibility. The FAFSA Submission Summary is not an offer of financial aid. Review your FAFSA Submission Summary once it is available. You can make corrections and additions, but there is an annual deadline for doing so.

2 months ago | yahoo.com | Meaghan Hunt

Key takeawaysOn average, living solo off campus costs more than living on campus, but your actual costs depend heavily on what school you attend, where you live and whether you opt for roommates. Off-campus students typically have lower dining costs but also face expenses that on-campus students don’t, like transportation and parking. Whether you live on campus in a dormitory or off campus significantly impacts your experience of college life.

2 months ago | bankrate.com | Meaghan Hunt |Pippin Wilbers |Emmanuel Nyame

Student loans can be used to cover certain living expenses, but borrowers should use caution in doing so. Creating a budget and discerning wants from needs can help students to minimize debt and comply with borrowing guidelines. Misuse of student loan funds can result in serious consequences, including the future inability to borrow. Part-time employment, scholarships and grant opportunities can help cover expenses in place of student loans and won’t require repayment down the line.