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.

Could This Loophole Help You Get Rid of Your Student Loan Debt?

Could This Loophole Help You Get Rid of Your Student Loan Debt?

Could This Loophole Help You Get Rid of Your Student Loan Debt?

Recently I fielded a couple of questions from people who were hoping they could eliminate their student loans on a technicality. There are whispers floating around that taking out student loans without a GED or high school diploma is a free pass to eliminating those loans. And this misinformation is like the perfect scam, it… Read More

A New Lottery Proposal: Pay Off the Winner’s Student Loans

A New Lottery Proposal: Pay Off the Winner’s Student Loans

A New Lottery Proposal: Pay Off the Winner’s Student Loans

Student loan debt has been one of the hotter political topics of the past few years, generating a collection of proposed solutions like free community college, a student borrower’s bill of rights and changes to the bankruptcy law, to name a few. A state lawmaker in New Jersey just tossed out another idea: a debt-payoff… Read More

Can Search Engines Stop Student Loan Scammers?

Can Search Engines Stop Student Loan Scammers?

Can Search Engines Stop Student Loan Scammers?

If you’ve checked your spam folder recently, you know that offers of student loan debt relief have exploded right along with the student loan debt problem. You probably know it’s a bad idea to answer spam in a quest to lower your loan payments, but you might be more inclined to answer an advertisement you… Read More

How a Student Loan Bill Can Go From $97K to $236K

How a Student Loan Bill Can Go From $97K to $236K

How a Student Loan Bill Can Go From $97K to $236K

There’s been a lot of discussion lately about Americans deciding to not pay back their student loans. While the reasons for purposely defaulting on education debt vary, the consequences are invariably unpleasant: debt collection, wage garnishment, growing loan balances, even lawsuits. For example: A Connecticut attorney’s student loan debt from law school has more than doubled since… Read More

A Beginner’s Guide to America’s Most Popular Student Loan

A Beginner’s Guide to America’s Most Popular Student Loan

A Beginner’s Guide to America’s Most Popular Student Loan

Student loans — can’t live with ‘em, but it seems most of us can’t live without them either. Higher education costs are on the rise and the cost and financing of your (or your child’s) college tuition can be tricky to navigate. It’s a good idea to check out a student loan calculator to learn how much… Read More

Private Student Loan Co-Signers Rarely Let Off the Hook, CFPB Finds

Private Student Loan Co-Signers Rarely Let Off the Hook, CFPB Finds

Private Student Loan Co-Signers Rarely Let Off the Hook, CFPB Finds

Co-signers for private student loans have had significant difficulty handing off the obligation to the primary borrower, despite what the lenders’ marketing materials say, according to a report issued Thursday by the Consumer Financial Protection Bureau. Of those who applied for release from their co-signing agreement, 90% were rejected, the CFPB found. The report also… Read More

What Can I Do With Unused College Savings?

What Can I Do With Unused College Savings?

What Can I Do With Unused College Savings?

Secondary education in America is expensive — there is no doubt about it. But there are some programs in place to help parents or guardians save for college. A 529 plan, the tax-advantaged investment vehicle operated by a state or educational institution, can be a great way to fund higher education expenses. It offers a lot… Read More

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