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 Your IRA to Pay for College?

Can You Use Your IRA to Pay for College?

Can You Use Your IRA to Pay for College?

Families or individuals sometimes want to tap retirement assets in an Individual Retirement Account (or IRA) to pay for educational expenses. This has become even more attractive recently, as the rules governing both traditional IRAs and Roth IRAs have been changed to allow withdrawals for qualified higher education expenses. The tax treatment of the funds used to pay for... Read More

Do You Qualify for the New Student Loan Repayment Plan?

Do You Qualify for the New Student Loan Repayment Plan?

Do You Qualify for the New Student Loan Repayment Plan?

At the end of October, the Department of Education finalized changes to a common student loan repayment program, extending the benefit to 5 million more student loan borrowers who didn’t previously qualify for it. The Revised Pay As You Earn Program (REPAYE) became available Dec. 17 and allows anyone with a federal Direct loan to... Read More

Pizza Hut Wants to Send its Employees to College

Pizza Hut Wants to Send its Employees to College

Pizza Hut Wants to Send its Employees to College

Pizza Hut is the latest big company to offer tuition assistance: The chain announced a partnership with Excelsior College, a private online school, on Thursday. Its parent company Yum! Brands already offers this benefit to Taco Bell employees; there’s no word on whether KFC employees will participate as well. Here’s how Pizza Hut’s Life Unboxed EDU program works, per the news release: The chain’s employees... Read More

An Ode to My Mom, Who Helped Me Pay for College

An Ode to My Mom, Who Helped Me Pay for College

An Ode to My Mom, Who Helped Me Pay for College

A few days into December, I got a text from my mom telling me she had made her last student loan payment, bringing to an end a nearly three-decade period of paying tuition or student loan bills. As a journalist who covers personal finance, I get more excited than most when I hear about people paying... Read More

Can I Take On My Wife’s Student Loans?

Can I Take On My Wife’s Student Loans?

Can I Take On My Wife’s Student Loans?

Most consumers want to cut their student loan debt, and for good reason. High balances can make it harder to take out loans like a mortgage and save for retirement. But is there ever a good reason to put more student loan debt in your name? One commenter wonders if his credit score could benefit from taking on his wife’s loans: “I’ve been helping my wife pay off... Read More

10 College Presidents With the Highest Salaries

10 College Presidents With the Highest Salaries

10 College Presidents With the Highest Salaries

College presidents can easily net a six-figure salary. In 2013, the median annual pay for a chief executive at a private nonprofit was $436,429 and $428,250 at a public college, according to an analysis by the Chronicle of Higher Education. Thirty-four of the 798 presidents in the report earned more than $1 million (only two serve public schools). Ironically, these institutions have students... Read More

The Government Can Take Your Social Security to Pay Student Loans, But Maybe Not for Long

The Government Can Take Your Social Security to Pay Student Loans, But Maybe Not for Long

The Government Can Take Your Social Security to Pay Student Loans, But Maybe Not for Long

Failing to repay your federal student loans can have serious consequences, from a damaged credit rating and debt collection to lost tax refunds and wage garnishment. The government can also garnish your Social Security benefits, though legislators introduced a Senate bill aimed at ending this penalty on Thursday. Unveiled by a group of Democratic senators, the Protection of Social Security Benefits Restoration... Read More

How Much Student Loan Debt Is Too Much?

How Much Student Loan Debt Is Too Much?

How Much Student Loan Debt Is Too Much?

Q. How much is too much for student loans? My daughter wants to study a field that I think will get her $45,000-$50,000 a year as a starting salary, and she’s trying to figure out how much she can afford to borrow. Otherwise she may go to community college instead. — New college mom A. The... Read More

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