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.

How to Get Your Student Loans Forgiven in Bankruptcy

How to Get Your Student Loans Forgiven in Bankruptcy

How to Get Your Student Loans Forgiven in Bankruptcy

“Student loans can’t be discharged in bankruptcy,” has been repeated so often that it’s practically considered gospel. But what if that “fact” is not completely correct – and may be stopping consumers who could benefit from bankruptcy from pursuing it? It’s not just consumers and the media that may be misled. “A wide number of… Read More

A 14% Student Loan Default Rate Isn’t ‘Good News’

A 14% Student Loan Default Rate Isn’t ‘Good News’

A 14% Student Loan Default Rate Isn’t ‘Good News’

The Department of Education just published its latest report on cohort default rates for student loans that entered repayment in 2011, which officials characterized as “good news” because the rate declined to 13.7% versus 14.7% for the prior year. Despite what the officials say, perhaps it would be wise to keep the champagne on ice… Read More

New Grads: Brace Yourselves, Your Grace Period Is About to Expire

New Grads: Brace Yourselves, Your Grace Period Is About to Expire

New Grads: Brace Yourselves, Your Grace Period Is About to Expire

About six months ago, graduation season began. College seniors and graduate students went through several rites of passage, like getting their caps and gowns, handing in their theses and going to the financial aid office to undergo student loan exit counseling. Students partaking in the latter activity were told that on graduation day, they would… Read More

An Insider’s Guide to Boosting Your Kid’s IQ

An Insider’s Guide to Boosting Your Kid’s IQ

An Insider’s Guide to Boosting Your Kid’s IQ

Rick Rosner and I were friends in high school in Boulder, Colo., in the late 1970s. He was smart and had a dry sense of humor, and was well-liked, but there was something about Rick that I couldn’t put my finger on. He seemed to be operating on a different level than everyone else, not… Read More

Op/Ed: Why the Brookings Institution Is Still Wrong on Student Loans

Op/Ed: Why the Brookings Institution Is Still Wrong on Student Loans

Op/Ed: Why the Brookings Institution Is Still Wrong on Student Loans

The Brown Center on Education Policy at the Brookings Institution is back in the news. In its continuing effort to discredit what the center describes as “the often-hysterical public debate about student loan debt,” the BCEP published a September follow-up to its April report—the one in which its researchers determined that broad-based policy actions on… Read More

Black Students More Likely to Graduate With Student Loan Debt

Black Students More Likely to Graduate With Student Loan Debt

Black Students More Likely to Graduate With Student Loan Debt

Black college graduates are not only more likely to have student loan debt than their white classmates but also significantly less likely to be financially thriving in their postgraduate years, shows an analysis of the Gallup-Purdue Index. For decades, black students have more frequently borrowed than white students to finance a higher education, historical data… Read More

Why Private Student Loans Could Be a Better Deal Than Federal Loans

Why Private Student Loans Could Be a Better Deal Than Federal Loans

Why Private Student Loans Could Be a Better Deal Than Federal Loans

There’s a consensus in the student loan world that students and their families should consider taking out federal loans before applying for private ones, and there are sound reasons behind that logic: Many federal student loans have benefits like a repayment grace period, the option of applying for income-based repayment and loan-forgiveness programs. Federal loans… Read More

The Most Important Money Milestones for New Grads

The Most Important Money Milestones for New Grads

The Most Important Money Milestones for New Grads

Of the roughly 21 million students attending U.S. colleges and universities during this school year, 1 million will earn an associate’s degree, 1.8 million will earn a bachelor’s degree, 821,000 will earn a master’s degree and 177,500 will earn a doctoral degree, according to the National Center for Education Statistics. So if you happen to be a… Read More

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