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.

Why Student Borrowers Deserve the Same Tax Break As Homeowners

Why Student Borrowers Deserve the Same Tax Break As Homeowners

Why Student Borrowers Deserve the Same Tax Break As Homeowners

At a time when bipartisanship seems quaint, Senators Dean Heller (R-Nev.) and Debbie Stabenow (D-Mich.) appear to have set aside their ideological differences long enough to collaborate on legislation that would extend the Mortgage Forgiveness Debt Relief Act. Soon after the housing market collapsed, lenders reluctantly began modifying mortgages by abating interest and forgiving loan… Read More

Do I Qualify for College Tax Breaks?

Do I Qualify for College Tax Breaks?

Do I Qualify for College Tax Breaks?

Q. My son is a high school junior, and he’s going to a summer college program. I have college money saved in a 529 plan and an UTMA. Can I use those funds for tuition? Also, can I take any of the college tax breaks on my return? A. You can use UTMA funds for… Read More

Will You Finally Be Able to Get Rid of Your Student Loans in Bankruptcy?

Will You Finally Be Able to Get Rid of Your Student Loans in Bankruptcy?

Will You Finally Be Able to Get Rid of Your Student Loans in Bankruptcy?

This week the White House announced a new Student Aid Bill of Rights, which aims to help federal student loan debtors with better options and more clarity in dealing with their problem student loans. While most of the new initiatives announced are geared toward eliminating unnecessary payment hurdles and make dealing with federal student loan… Read More

The Government Fires a Few Debt Collectors, But Completely Misses the Point

The Government Fires a Few Debt Collectors, But Completely Misses the Point

The Government Fires a Few Debt Collectors, But Completely Misses the Point

Some surprising news on the student-loan front: The U.S. Education Department announced that it would terminate the contracts of five of its 22 debt-collection company subcontractors. Per the department’s press release, the soon-to-be ex-collectors made “materially inaccurate representations to borrowers about the [government’s] loan rehabilitation program” and also what borrowers could expect to be reflected… Read More

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

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