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.

How Do Forgiven Student Loans Impact Your Credit?

How Do Forgiven Student Loans Impact Your Credit?

How Do Forgiven Student Loans Impact Your Credit?

The idea of having your student loan debt forgiven might sound like a dream come true, but there are a few things you’ll want to consider should you be among those eligible for student loan forgiveness. It turns out that there are many ways to get federal student loans forgiven. In fact, the Consumer Financial... Read More

25% of College Students Spend Most of Their Money on Alcohol & Drugs, Survey Says

25% of College Students Spend Most of Their Money on Alcohol & Drugs, Survey Says

25% of College Students Spend Most of Their Money on Alcohol & Drugs, Survey Says

A quarter of U.S. college students who responded to a recent LendEDU survey say their biggest monthly expense is alcohol and/or drugs. “Quite surprising, but not that crazy,” Nate Matherson, CEO of LendEDU, said in an email. “This was perhaps the most fun response.” LendEDU, an Iowa-based student loan and refinancing marketplace, surveyed 455 undergraduate and graduate students... Read More

FTC Cracks Down on Student Loan Debt Relief Schemes

FTC Cracks Down on Student Loan Debt Relief Schemes

FTC Cracks Down on Student Loan Debt Relief Schemes

Some student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced... Read More

Op/Ed: Student Borrowers Will Continue to Struggle Despite the CFPB’s Efforts

Op/Ed: Student Borrowers Will Continue to Struggle Despite the CFPB’s Efforts

Op/Ed: Student Borrowers Will Continue to Struggle Despite the CFPB’s Efforts

The financial services industry erupted earlier this month, soon after the Consumer Financial Protection Bureau published a set of proposed rules for limiting the use of forced arbitration clauses by broad range of entities, including certain providers of financial products and services. This longstanding practice, whose origin dates back to 1925, of incorporating language that... Read More

Student Loan Borrowers Are Getting the Best Deal in 10 Years

Student Loan Borrowers Are Getting the Best Deal in 10 Years

Student Loan Borrowers Are Getting the Best Deal in 10 Years

Here’s something you don’t hear every day: It’s a good time to be taking out student loans. That’s because the interest rate on the most common student loans — undergraduate Federal Direct Loans — just dropped to 3.76% for loans disbursed between July 1 and June 30 of next year. Last year, the interest rate was... Read More

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