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.
The Obama administration announced Tuesday a plan to forgive $7.7 billion in federal student loans held by an estimated 387,000 permanently disabled Americans, of which roughly half (179,000) are in default. While the administration tried to streamline the discharge of student loans for the permanently disabled four years ago, few eligible borrowers took advantage. Now,... Read More
The Department of Education recently published a series of performance summaries for its Federal Direct, Federal Family Education and Perkins student loan programs. A little more than $1.2 trillion is due from roughly 42 million students, who owe an average $29,000 each. The most comprehensive of these reports pertains to $855 billion in Federal Direct... Read More
Earlier this week, the Department of Education announced that it’s taking steps toward making a web portal that will make paying student loans a little bit easier. And if you’re one of the 43 million Americans who understand the turmoil of student loans, any relief is welcome. But don’t hold your breath — this update won’t be... Read More
It’s that time of year when college seniors are focusing on what’s next: next job, next apartment, next city. We looked at the 25 cities that added the most jobs over the past year, based on data from the Bureau of Labor Statistics comparing job numbers from January 2015 through January 2016. From there, we looked... Read More
The Ivy League universities are notoriously hard to get into, but that didn’t stop one New Yorker from applying to all eight. Long shot, right? Apparently not. August Uwamanzu-Nna from Long Island, New York was accepted to the eight Ivy League schools— Brown, Columbia, Cornell, Dartmouth, Harvard, University of Pennsylvania, Princeton, and Yale — as... Read More
Having student loan debt is like being a member of one of the country’s saddest, least-exclusive clubs. More than 43 million Americans have student loan debt, and the share of college graduates who finish their degrees in debt is steadily rising. Twenty years ago, less than half of people with bachelor’s degrees had student loans,... Read More
Being a college student today can be tough. Beyond concerns about classes and friends, there are student loans and housing to worry about. The latter is especially troublesome, as many colleges are packed to the rafters and can’t afford to house every student. And even when they can, costs aren’t guaranteed to be cheap; one... Read More
Figuring out where to go to college is a very long process, and this is the home stretch. But for many students trying to decide where to go to school in the fall, this time of year is also the worst part. The journey that started out with so many exciting (albeit stressful) unknowns is coming down... Read More
The master’s degree in business administration (MBA) is one of the traditional education choices for people seeking high-powered careers with a lot of earning potential. But MBAs aren’t cheap. A year of tuition at a top business school can easily exceed $50,000, and many programs last for two years. Given that students are highly likely... Read More
A 44-year-old Florida man is making local headlines for his unconventional approach to getting out of student loan debt: a legal loophole. Ian Torch Locklear of Tampa graduated from the University of South Florida more than 20 years ago with a degree in interdisciplinary social sciences, despite never having finished high school, the Tampa Tribune... Read More
Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.