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.

Student Loan Interest Rates Set to Drop July 1

Student Loan Interest Rates Set to Drop July 1

Student Loan Interest Rates Set to Drop July 1

There’s very little to celebrate when it comes to taking out student loans, but if you’re borrowing for the coming academic year, you have reason to let out a small cheer: Your loans will be cheaper. That is, they will be if you’re taking out Federal Direct Loans (the most common kind), because the new interest rate... Read More

How Do Forgiven Student Loans Impact Your Credit?

How Do Forgiven Student Loans Impact Your Credit?

How Do Forgiven Student Loans Impact Your Credit?

The idea of having your student loan debt forgiven might sound like a dream come true, but there are a few things you’ll want to consider should you be among those eligible for student loan forgiveness. It turns out that there are many ways to get federal student loans forgiven. In fact, the Consumer Financial... Read More

25% of College Students Spend Most of Their Money on Alcohol & Drugs, Survey Says

25% of College Students Spend Most of Their Money on Alcohol & Drugs, Survey Says

25% of College Students Spend Most of Their Money on Alcohol & Drugs, Survey Says

A quarter of U.S. college students who responded to a recent LendEDU survey say their biggest monthly expense is alcohol and/or drugs. “Quite surprising, but not that crazy,” Nate Matherson, CEO of LendEDU, said in an email. “This was perhaps the most fun response.” LendEDU, an Iowa-based student loan and refinancing marketplace, surveyed 455 undergraduate and graduate students... Read More

FTC Cracks Down on Student Loan Debt Relief Schemes

FTC Cracks Down on Student Loan Debt Relief Schemes

FTC Cracks Down on Student Loan Debt Relief Schemes

Some student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced... Read More

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