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.

Inequality & Student Loan Debt: 5 Troubling Stats

Inequality & Student Loan Debt: 5 Troubling Stats

Inequality & Student Loan Debt: 5 Troubling Stats

The rising cost of attending college has had a serious impact on the finances of most students and their families, but the burden has been distributed unequally. Various studies point to the negative, long-term effects of taking on education debt, and considering debt levels vary greatly by race and socioeconomic status, there’s concern over how… Read More

What Happens If I Ignore My Student Loans?

What Happens If I Ignore My Student Loans?

What Happens If I Ignore My Student Loans?

Failing to repay debt is no joke, especially when you’re talking about student loans. If you default on federal student loans (the most common kind), you’ll likely have to deal with debt collectors, wage garnishment, loss of tax refunds and a trashed credit standing, making it difficult (if not impossible) to rent an apartment, buy… Read More

A 5-Minute Guide to Student Loans

A 5-Minute Guide to Student Loans

A 5-Minute Guide to Student Loans

You may have heard that college in this country isn’t cheap. Maybe you’ve even encountered this firsthand for yourself, a child or another family member. But knowing that getting a degree is going to be expensive doesn’t mean you know how to pay for it. When you are a student or even parent of a… Read More

$60M in Student Loan Refund Checks: Is Yours in the Mail?

$60M in Student Loan Refund Checks: Is Yours in the Mail?

$60M in Student Loan Refund Checks: Is Yours in the Mail?

Nearly 78,000 U.S. military members will receive $60 million in total settlement payouts from Navient Corp., a student loan servicer formerly part of Sallie Mae, for charging active duty service members excessive interest on their private and federal education loans. Navient and the Department of Justice reached the settlement in May 2014, but the DOJ… Read More

I Sold T-Shirts to Pay Off My Student Loan Debt

I Sold T-Shirts to Pay Off My Student Loan Debt

I Sold T-Shirts to Pay Off My Student Loan Debt

Like many college students, Jeremy Kalgreen had student loan debt and wanted to be free of it. “I hate being in debt,” he says. But unlike many students, he found a creative way to both pay off his debt and launch what turned out to be a lucrative part-time business that morphed into something more…. Read More

Sen. Al Franken: Millions of Americans Are Struggling to Pay Off Student Loan Debt & It’s Damaging Economic Growth

Sen. Al Franken: Millions of Americans Are Struggling to Pay Off Student Loan Debt & It’s Damaging Economic Growth

Sen. Al Franken: Millions of Americans Are Struggling to Pay Off Student Loan Debt & It’s Damaging Economic Growth

Last year, at the University of Minnesota in Minneapolis, I met Joelle Stangler, a sophomore who was the incoming student body president. Joelle had graduated from Rogers High School in Minnesota as the valedictorian, with a 4.12 GPA. Joelle doesn’t lack motivation. Both of Joelle’s parents were teachers, and in fact she comes from a… Read More

Lower-Cost Student Loans? Not Really.

Lower-Cost Student Loans? Not Really.

Lower-Cost Student Loans? Not Really.

Auctions of U.S. Treasury notes and bonds don’t usually attract a lot of attention unless we are in the midst of tumultuous times or when the lending rates for a pretty important loan program are indexed to one of these. At nearly $1 trillion and counting, the Federal Direct Student Loan program deserves all the… Read More

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