Students

Our Credit.com experts provide you with common sense student loan advice. Find out what to consider & how to get the best deals when shopping for loans or credit cards to finance college. Understand the impact of deferring student loans, how to manage your payments during college and post-college and how student loans can affect your credit.

3 Money Tips for New College Grads

3 Money Tips for New College Grads

3 Money Tips for New College Grads

You are (around) 22, educated and out on your own (likely for the first time). So what’s next? For young adults just out of college the world is full of possibilities and that can be both exciting and terrifying. After you properly frame and display that very expensive piece of paper — also known as a… Read More

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

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

Would Free College Tuition Work in the U.S.?

Would Free College Tuition Work in the U.S.?

Would Free College Tuition Work in the U.S.?

Sprechen sie Deutsch? In case you haven’t heard the news, college tuition is now free throughout Germany—and not just for Germans. But before you pack your bags for Berlin, you might want to consider what those who’ve made it through the process and lived to tell the tale have to say about that. Native-language proficiency… Read More

Is Student Debt Holding You Back From Marriage?

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

The Surprising Side Effect of Student Loan Forgiveness Programs

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

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Borrowers stuck with oppressive private student loan debts continue to get little mercy from lenders, which is bad for both consumers and the financial institutions, according to a report issued Thursday by the Consumer Financial Protection Bureau. While distressed mortgage holders have several opportunities to appeal for lower monthly payments, and federal student loan borrowers… Read More

How to Get Your Student Loans Forgiven in Bankruptcy

How to Get Your Student Loans Forgiven in Bankruptcy

How to Get Your Student Loans Forgiven in Bankruptcy

“Student loans can’t be discharged in bankruptcy,” has been repeated so often that it’s practically considered gospel. But what if that “fact” is not completely correct – and may be stopping consumers who could benefit from bankruptcy from pursuing it? It’s not just consumers and the media that may be misled. “A wide number of… Read More

A 14% Student Loan Default Rate Isn’t ‘Good News’

A 14% Student Loan Default Rate Isn’t ‘Good News’

A 14% Student Loan Default Rate Isn’t ‘Good News’

The Department of Education just published its latest report on cohort default rates for student loans that entered repayment in 2011, which officials characterized as “good news” because the rate declined to 13.7% versus 14.7% for the prior year. Despite what the officials say, perhaps it would be wise to keep the champagne on ice… Read More

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