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.
If getting a law degree is appealing to you, but the annual tuition rates are frightening, there’s some good news. Not all law schools are wildly expensive. Yes, you can pay more than $60,000 a year for at least one of the more elite schools, but there are plenty of well-regarded schools out there that... Read More
Nearly 70% of student loan borrowers whose loans have gone into default could have qualified for reduced, income-based repayment plans, thus avoiding the late fees, bad credit and stress that go hand-in-hand with falling behind. That’s why the government wants to raise awareness about the various ways student loans can be repaid. To that end,... Read More
Taking out student loans to go to college gets expensive really fast, but if you’re borrowing to help someone else get an education, the costs can be much greater. Not only do interest rates on parent student loans tend to be higher than those student borrowers receive, parent borrowers generally have to start making payments... Read More
In most teenagers’ lives, the agony of waiting tends to be limited to moments that are, in the grand scheme of things, trivial: waiting to find out if you passed a math test, for your crush will text you back, to hear if you got the lead in the school play, or even to get... Read More
Does the Brookings Institution have a problem with the issue of higher education reform? A colleague asked me that after reading the email that we both received from the Center on Children and Families at Brookings with the subject line, “Sanders’ Free College Proposal Would Help the Rich More Than the Poor, New Brookings Research... Read More
College graduation season is upon us, and there’s no shortage of advice columnists offering tips to recent college grads on how to land that first, full-time job. Some discuss what today’s employers are looking for—candidates who are resourceful, intuitive, self-starting and sincere (like that’s a surprise)—while others suggest strategies for devising eye-catching resumes. This isn’t one of those... Read More
It’s easy to have a stress-free attitude about student loan debt in college, especially if your pay period hasn’t begun. However, to some, student loans can be like speaking a different language, so it’s important to understand how they work before you fall into bad debt. Here are the top things to know before your student loans kick... Read More
Believe it or not, graduation season is creeping up. And that means it’s the time of year I’m reminded how much I hate what student loans have done to the financial health of our nation’s graduates. Unfortunately, according to the Federal Reserve Bank of New York’s latest report on debt and credit among U.S. households,... Read More
Q. I’m thinking of going back to school for my Master’s, but I’m not sure my eventual higher salary will be high enough to make it worth it. How can I decide? — Potential student A. Going beyond four years of college can be a costly endeavor, and you’re correct to view it as an investment.... Read More
It all started when Mitch Daniels, the president of Purdue University, got a crazy idea: What if the public college in West Lafayette, Indiana allowed students to apply for education funding in exchange for a chunk of their earnings? Purdue would be the first American university in 50 years to revisit the concept, known as an income-share agreement,... Read More
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