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.

Obama’s Student Loan Bill of Rights: Will It Fix Anything?

Obama’s Student Loan Bill of Rights: Will It Fix Anything?

Obama’s Student Loan Bill of Rights: Will It Fix Anything?

President Obama issued an executive memorandum Tuesday to the Department of Education and other federal agencies to do more to help student loan borrowers afford their debt payments. He’s calling it the Student Aid Bill of Rights. It addresses some big issues, like making payments more affordable and giving borrowers a simple way to provide… Read More

3 Things I Hate About Student Loans

3 Things I Hate About Student Loans

3 Things I Hate About Student Loans

Hate is a word I rarely use in my posts. I like to remain upbeat and inspirational. And then I read the latest report on Household Debt and Credit published by the Federal Reserve Bank of New York, which said that outstanding student loan debt in the U.S. reached $1.16 trillion as of December 2014,… Read More

Help! My Tax Refund Was Taken to Pay My Student Loan Debt

Help! My Tax Refund Was Taken to Pay My Student Loan Debt

Help! My Tax Refund Was Taken to Pay My Student Loan Debt

Many people have already filed their taxes this year — particularly those owed refunds. Because of rising taxpayer identity theft, it’s a smart idea for anyone to file quickly. However, some taxpayers are discovering the refund they thought was coming has instead has been taken to pay their student loan debt. Here’s a sample of questions… Read More

What Happens If You Boycott Your Student Loans?

What Happens If You Boycott Your Student Loans?

What Happens If You Boycott Your Student Loans?

Fifteen former Corinthian Colleges students are angry. The group alleges they were taken advantage of and targeted by the for-profit college system. They’re not the first to complain about the institution, but what makes these students different is that they’re refusing to pay back their federal student loans. They’re called the Corinthian 15 and they’re going on strike. “If you owe… Read More

6 Members of Congress With the Most Student Loan Debt

6 Members of Congress With the Most Student Loan Debt

6 Members of Congress With the Most Student Loan Debt

Americans sometimes find it difficult to relate to members of Congress, particularly from a financial standpoint. That’s understandable: Lawmakers are, on average, significantly wealthier than the average American, and about half of Congress (50.8%) is made up of millionaires. But there’s another thing above average about legislators’ finances, which might actually resonate with their constituents:… Read More

A Student Loan Repayment Trick That Can Save You Money

A Student Loan Repayment Trick That Can Save You Money

A Student Loan Repayment Trick That Can Save You Money

It’s common knowledge you can save money by paying off loans and other debts quickly or ahead of schedule. You can also save money by making monthly payments as planned, if you put in a little extra effort and do the math. The trick? You can change your repayment period to an extended plan (for… Read More

The College Cost Blame Game Has a New Twist

The College Cost Blame Game Has a New Twist

The College Cost Blame Game Has a New Twist

A new narrative is beginning to take shape on the higher education front. At a recent meeting of the U.S. Senate’s Committee on Health, Education, Labor and Pensions, its chairman, Sen. Lamar Alexander (R-Tenn.), and the chancellors of the University System of Maryland and Vanderbilt University talked about the financial toll that regulatory compliance is… Read More

5 Student Loan Terms Every Borrower Should Know

5 Student Loan Terms Every Borrower Should Know

5 Student Loan Terms Every Borrower Should Know

If you have student loan debt, you’ve probably noticed that your loans have a language all their own – and the last thing you want to do is spend your free time learning it. The good news is that you don’t need to be fluent in loan lingo in order to navigate the world of education debt… Read More

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