Federal Student Loans Will Be Easier to Get for Parents With Bad Credit

Students

Federal Student Loans Will Be Easier to Get for Parents With Bad Credit

Federal Student Loans Will Be Easier to Get for Parents With Bad Credit

The Department of Education is loosening borrower qualifications for Federal PLUS Loans, which allow graduate students and parents of dependent college students to finance higher education. The updates, published Oct. 23, include a new definition of “adverse credit history,” potentially opening access to federal student loans for millions of families. The changes go into effect July… Read More

Is Student Debt Holding You Back From Marriage?

Students

Is Student Debt Holding You Back From Marriage?

Is Student Debt Holding You Back From Marriage?

Most people who have never been married peg their relationship status to the fact they haven’t found the right person yet, but there’s more to that decision than feelings. Finances play a huge role in Americans’ decision to marry. Actually, there are nearly as many unmarried Americans who say they’re still looking for their future… Read More

Another Major Bank Is Offering Free Credit Scores

Credit Score

Another Major Bank Is Offering Free Credit Scores

Another Major Bank Is Offering Free Credit Scores

Citi is the latest financial institution to give customers free credit scores through the FICO Open Access program, FICO announced, making it the largest participant in the program that will be available to more than 60 million consumers in 2015. Citi hasn’t yet released details on its participation, but in general, an issuer periodically provides a… Read More

The Surprising Side Effect of Student Loan Forgiveness Programs

Students

The Surprising Side Effect of Student Loan Forgiveness Programs

The Surprising Side Effect of Student Loan Forgiveness Programs

As more people learn about and use public service loan forgiveness and income-based repayment plans to make student loan payments more affordable, the U.S. could run into an economic issue. Such loan forgiveness programs incentivize borrowing, according to a recent report from New America Education. The report authors, Jason Delisle and Alexander Holt, analyzed debt… Read More

Mortgage Rates Dip Below 4%

Mortgages

Mortgage Rates Dip Below 4%

Mortgage Rates Dip Below 4%

People thought it wouldn’t happen this year, but it did: Average 30-year fixed mortgage rates dipped below 4% last week, hitting their lowest level in 2014, Freddie Mac said in a news release. The 30-year fixed-rate mortgage averaged 3.97% last week, down from 4.12% the week prior and 4.28% the same time last year. That… Read More

13 Retailers Where You Can Use Apple Pay Today

Credit Cards

13 Retailers Where You Can Use Apple Pay Today

13 Retailers Where You Can Use Apple Pay Today

Apple Pay is now available to some iPhone and iPad users, with Monday marking the start of Apple’s new mobile payment system many have dubbed “the credit card killer.” CEO Tim Cook announced the program launch at a company event Oct. 16, about a month after unveiling the newest iPhones and the Apple Watch. The… Read More

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