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.

Should Student Loan Refinancing Be Mandatory?

Should Student Loan Refinancing Be Mandatory?

Should Student Loan Refinancing Be Mandatory?

In a recently published research paper, three professors from the University of Chicago and Brigham Young University asked a provocative question: Should consumer-borrowers be forced to refinance their mortgages when it is in their best financial interest to do so? After studying a random sample of 1.5 million residential mortgages that were outstanding in December… Read More

The Best Colleges for Entrepreneurs

The Best Colleges for Entrepreneurs

The Best Colleges for Entrepreneurs

Steve Jobs and Mark Zuckerberg decided they didn’t need diplomas to build creative enterprises, but for many people, a college education is an important step toward building a successful business. Like any student with specific career ambitions, an aspiring entrepreneur will research and consider the colleges and universities most likely to help them achieve their… Read More

What Many College Rankings Don’t Tell You

What Many College Rankings Don’t Tell You

What Many College Rankings Don’t Tell You

Fifteen years ago, our oldest child was preparing to head off to college in a distant state. My wife and I had so many thoughts running through our minds at the time that we thought our heads would explode: Will he be OK on his own? Will the curriculum be challenging enough? Will he figure… Read More

How Many Credit Cards Should a College Student Have?

How Many Credit Cards Should a College Student Have?

How Many Credit Cards Should a College Student Have?

As students head back to campuses across the country, they will be making a lot of decisions, from the major “What classes should I take?” to the mundane, “Where can I find the best bagels?” And for many, one of those decisions will be, “How many credit cards should I have?” It’s not a theoretical… Read More

How Americans Actually Pay for College

How Americans Actually Pay for College

How Americans Actually Pay for College

Undergraduate borrowing hit a five-year low last year, with the typical family taking out $4,610 in combined parent and student education loans to finance the 2013-14 academic term, according to a new report from Sallie Mae. Student borrowing among low-income families dropped significantly, making up only 14% of their funding (as opposed to 22% the… Read More

Why Colleges Are Starting to Worry About Student-Loan Defaults

Why Colleges Are Starting to Worry About Student-Loan Defaults

Why Colleges Are Starting to Worry About Student-Loan Defaults

More and more community colleges — arguably the most economical point of entry to higher education — are opting out of the federal student loan program. At last count, roughly 1 million students in 30 states are now scrambling for alternative financing. According to a report by the Institute for College Access and Success, the… Read More

Is Studying Abroad Worth It?

Is Studying Abroad Worth It?

Is Studying Abroad Worth It?

Meaningful experiences shape our views of the world and diversify the way we think. Whether studying at a community college or attending an out-of-state university, the college years are a time to explore, experience different things and meet new people. The world we live in is changing and it is vital that today’s students are… Read More

Want to Get Rid of Your Student Loans? Become a Nun!

Want to Get Rid of Your Student Loans? Become a Nun!

Want to Get Rid of Your Student Loans? Become a Nun!

It takes more than fierce faith to answer a call to religious service. You also have to be debt-free. It’s a logical requirement — you’ll struggle to make necessary loan payments if you’ve taken a vow of poverty — but it’s also emerged as a significant obstacle to people hoping to join religious orders. A 2011 Georgetown… Read More

Looking for Student Loan Help From the Government? Good Luck

Looking for Student Loan Help From the Government? Good Luck

Looking for Student Loan Help From the Government? Good Luck

Ever wonder what a company does about the consumer complaints it receives? If that “company” happens to be the U.S. Department of Education, the answer is nothing — at least according to a scathing report by the DOE’s Office of the Inspector General. In its July 2014 audit of the “Handling of Borrower Complaints against… Read More

A New Hope for Student Loan Defaulters

A New Hope for Student Loan Defaulters

A New Hope for Student Loan Defaulters

A change to the federal student loan program this month presents a huge opportunity to borrowers who have defaulted on their loans from the government. Loan rehabilitation allows borrowers to return to current repayment status, access the benefits offered to borrowers in good standing and have the default removed from their credit history. With changes… Read More

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