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.

Can You Use the GI Bill to Pay Off Student Debt?

Can You Use the GI Bill to Pay Off Student Debt?

Can You Use the GI Bill to Pay Off Student Debt?

Johnnie, a veteran, has $12,000 in student loan debt he is struggling to repay. He wrote to us recently, wondering if there is a way to tap his GI Bill benefits to help pay off that debt: I enlisted in the Marine Corps in May of 2002, ended enlisted service in December of 2008 (technically… Read More

Is Student Debt Really Hurting the Housing Market?

Is Student Debt Really Hurting the Housing Market?

Is Student Debt Really Hurting the Housing Market?

Young Americans with student loan debt have to earn 34% more, or an extra $8,969 a year, than their peers without education debt in order to buy a median-priced home, a new analysis from RealtyTrac finds. That may seem upsetting to debtors at first glance, but when you think about it, the figure makes a… Read More

Could Student Loans Cost You Your Social Security Benefits?

Could Student Loans Cost You Your Social Security Benefits?

Could Student Loans Cost You Your Social Security Benefits?

Much like unemployment isn’t going to get you out of repaying student loans, retirement isn’t going to, either. Social Security recipients – whether they’re retired or disabled – can have up to 15% of their checks taken for defaulted federal student loans, and it’s a common problem. Joshua Cohen, a consumer law attorney who bills himself as… Read More

3 Money Lessons for Your Kids Before They Go to College

3 Money Lessons for Your Kids Before They Go to College

3 Money Lessons for Your Kids Before They Go to College

University campuses are bustling once again as students arrive for the fall semester, some moving into their first dorm room or signing up for their first college campuses. As parents send off their children and talk to them during their first days as college students, there are all sorts of things they want to say,… Read More

Could Your Student Loans Be Making You Sick?

Could Your Student Loans Be Making You Sick?

Could Your Student Loans Be Making You Sick?

College graduates are generally considered better off than those without degrees, but there’s a considerable gap in well-being between graduates without debt and graduates who borrowed more than $50,000 to finance their undergraduate education. Based on new research from Gallup, Purdue University and the Lumina Foundation, student loan debtors aren’t in great shape. How Debt… Read More

New Student Loan Models Attract Borrowers & Investors

New Student Loan Models Attract Borrowers & Investors

New Student Loan Models Attract Borrowers & Investors

It was bound to happen. So-called alternative financing sources for student loans have been popping up all over the place. Some take a peer-to-peer (P2P) approach, where individuals with a few bucks to spare and hopes of a better-than-market return lend to others who are looking for a good deal on a loan. P2P companies… Read More

Is the Secret Deal Between Your College & Your Bank Costing You?

Is the Secret Deal Between Your College & Your Bank Costing You?

Is the Secret Deal Between Your College & Your Bank Costing You?

It’s not all that hard to figure out: When your argument hits too close to home, the other side starts calling you names. So when a vice president for government affairs of payments for the Financial Services Roundtable — the industry’s leading legislative advocate — calls the Consumer Financial Protection Bureau a “school yard bully”… Read More

Should the Newest Student Loan Stats Scare You?

Should the Newest Student Loan Stats Scare You?

Should the Newest Student Loan Stats Scare You?

Only 36% of the most common federal student loans are being repaid on time, according to recently released Department of Education data on the Direct Loan program. While 26% of the $685.7 billion in outstanding loans belong to borrowers still in school or in their grace periods — they’re not expected to be repaying anything… Read More

What’s the ROI of Higher Education?

What’s the ROI of Higher Education?

What’s the ROI of Higher Education?

The demand for college-educated workers is on the rise. In our competitive job market, oftentimes a high school diploma is no longer sufficient, and a college education is more valuable than ever before. The earnings disparity between workers with a four-year degree or more compared to those without is highest among people under 35, according… Read More

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