Web Loans Blog

Learn about good loan practices and tips on how to save money.

Update on how I am paying off my student loans

I wanted to provide everyone an update on my progress on paying off my student loans. This not only helps me keep track of my progress, but I hope it provide others in my situation an example as well as some helpful tips.I am officially one year in, and I have paid $17,400 towards my student loans. While this number feels great, I know I still have...
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Disadvantages of Student Loans

Last month I discussed the benefits of student loans since student loan debt has been in the media so much lately. As I do believe there is a real problem that is occurring, I wrote about some obvious advantages of student loans that help aspiring students. Now I am going to discuss several disadvantages of student loans and problems that can come ...
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How to calculate your monthly interest payment

How to calculate your monthly interest payment
​If you are not a math wizard, and you do not have any kind of accounting / finance background, you may not know how to calculate your monthly interest payment. Yet I can guarantee you will have to pay a monthly interest payment throughout your life. Whether it is through a mortgage, a car loan, a student loan, or a personal loan, you will have to ...
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Student Loans – What To Do When They Don't Cover Full Tuition

Student Loans – What To Do When They Don't Cover Full Tuition
It can be really difficult to know what to do when student loans don’t cover your full tuition. This can leave you in a very difficult position, especially if you don’t have parents that can help you out. You have a few different options if you find yourself in this situation. You should initially try to find out if you can get grants or further student loans. For example, if in the past you have only taken out subsidized Stafford loans, you should supplement them with the unsubsidized version. The limits for unsubsidized Stafford loans are MUCH larger than the limits for the subsidized counterpart. Most of you have probably already thought of this, but you should make sure that you can’t get a scholarship before you look further into loan options. You may be able to get scholarships that you haven’t thought about in the past. Check out the scholarship...
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