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.

5 Things We Can Do Now to Solve the Student Loan Problem

5 Things We Can Do Now to Solve the Student Loan Problem

5 Things We Can Do Now to Solve the Student Loan Problem

The U.S. Department of Education recently unveiled a new and improved methodology for calculating student-loan payment delinquencies. Where it once figured the late-payment rate of student loans as a whole to be 17%, the department has now determined that when the same data is expressed in terms of individual borrowers, it’s as high as 38%…. Read More

Can You Discharge Private Student Loans in Bankruptcy?

Can You Discharge Private Student Loans in Bankruptcy?

Can You Discharge Private Student Loans in Bankruptcy?

There’s a big misconception that private student loans can never be discharged in bankruptcy. People have repeated that statement so often they believe it to be a fact. The only problem is it’s not quite true. Some private student loans are clearly eligible to be wiped away in a consumer bankruptcy. Even in a Chapter… Read More

How Long Can Student Loans Hurt Your Credit?

How Long Can Student Loans Hurt Your Credit?

How Long Can Student Loans Hurt Your Credit?

We get questions and comments from distressed student borrowers wondering exactly how long missteps in repaying their student loans are likely to continue to hurt their credit. It can feel like student loans cast a very long shadow that is hard to escape. How long student loan problems can affect your credit isn’t always clear,… Read More

When Your College ID Is Also Your Debit Card, Beware of the Fees

When Your College ID Is Also Your Debit Card, Beware of the Fees

When Your College ID Is Also Your Debit Card, Beware of the Fees

Many college students are losing hundreds of dollars of their student loan funds to debit card overdraft fees, a new report on school-offered debit cards concludes. The Center for Responsible Lending analyzed exclusive debit card partnerships between several large universities and banks to see how these products affect students, and the findings suggest students might be better… Read More

What’s Your College Degree’s Return on Investment?

What’s Your College Degree’s Return on Investment?

What’s Your College Degree’s Return on Investment?

Are you a high school senior? It’s fast approaching the time of year when you’ll be making your final college decisions, but the criteria that you have traditionally been told to use when making these decisions could lead you to make choices that you’ll regret later. Most students have been told that the quality of… Read More

4 Common Student Loan Problems & How to Deal With Them

4 Common Student Loan Problems & How to Deal With Them

4 Common Student Loan Problems & How to Deal With Them

Many people who have finished college in the last decade have student loan debt, but some have found that repaying that debt is more complicated than they expected it to be. There are many resources for student loan borrowers trying to figure out repayment, and some go to financial planners for advice on how to manage their student loan debt… Read More

How Much Should You Borrow for Your Kid’s College?

How Much Should You Borrow for Your Kid’s College?

How Much Should You Borrow for Your Kid’s College?

The college acceptances are rolling in, and so are the financial aid offers, and now it’s time to run the actual numbers. After years of telling your kid, “If you’ll do your part and work hard, we’ll do our part and help pay for college,” you see the reality of “our part” in dollars and… Read More

What’s the Difference Between Your Student Loan’s Interest Rate & APR?

What’s the Difference Between Your Student Loan’s Interest Rate & APR?

What’s the Difference Between Your Student Loan’s Interest Rate & APR?

When it comes to student loans, most people are curiously uncurious about the interest rate they’re being offered. It makes sense to some extent — after all, federal loans, which make up the majority of outstanding education debt, only offer one interest rate for each type of loan (e.g., 7.21% for Direct PLUS loans, regardless… Read More

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