How My Student Loans Ballooned From $8K to $36K

Students

How My Student Loans Ballooned From $8K to $36K

How My Student Loans Ballooned From $8K to $36K

Confusion over student loan payments left an Arizona woman owing nearly five times the amount she took out to finance her education, though she insists she repaid the balances years ago, KTVK-3TV reports. Michelle Hudman took out three loans totaling $8,400 in the 1980s. As she explained to a local reporter, Hudman repaid one loan… Read More

5 Avoidable Student Loan Mistakes

Students

5 Avoidable Student Loan Mistakes

5 Avoidable Student Loan Mistakes

The rising cost of higher education is one reason why so many students find themselves graduating with record levels of student loan debt. It’s a problem that defies simple solutions or quick fixes. But at the same time, some students find themselves graduating with a mountain of student loan debt in part because they didn’t… Read More

No, There Actually Is a Student Loan Crisis

Students

No, There Actually Is a Student Loan Crisis

No, There Actually Is a Student Loan Crisis

The Brown Center on Educational Policy at the Brookings Institution published yet another report on student loan debt. This time, its researchers are challenging the popularly held view that we are at the dawn of a financial crisis to rival the one we experienced just a few short years ago. Their determination? That broad-based policy… Read More

Help! I’m Marrying Into $166K of Student Loan Debt

Students

Help! I’m Marrying Into $166K of Student Loan Debt

Help! I’m Marrying Into $166K of Student Loan Debt

Couples may find that one of the most challenging adjustments when forming a life together is combining their finances. In many ways, it’s great to join financial forces by increasing household income, sharing costs and having someone to work with as you pursue savings, retirement and spending goals. It can also be a total nightmare…. Read More

The States With the Most Student Loan Debt

Students

The States With the Most Student Loan Debt

The States With the Most Student Loan Debt

As student loan debt continues to climb, President Barack Obama recently announced plans to expand loan relief programs, including a cap on monthly payments at 10% of household income. Whether or not these changes are the solution to what some have called a student loan debt crisis, people who struggle to make their monthly payments… Read More

President Obama to Students: Be Smart, Not Cynical

Students

President Obama to Students: Be Smart, Not Cynical

President Obama to Students: Be Smart, Not Cynical

President Barack Obama joined David Karp, the founder of Tumblr, for a live chat about student debt Tuesday. One-third of Americans who applied for an educational loan this year also have a Tumblr account, said Karp, who fielded questions about educational costs submitted by Tumblr users. Here’s what POTUS had to say to today’s students. My… Read More

I Have $520K in Student Loans. Where Do I Start?

Students

I Have $520K in Student Loans. Where Do I Start?

I Have $520K in Student Loans. Where Do I Start?

It will take many Americans more than a decade to earn $520,000 (before taxes), so the idea that someone can have that much in student loan debt before starting a career is astounding. The guy who posted to Reddit about his half-million dollars in student loan debt went to dental school. And while dentists earn… Read More

What Happens If I Ignore My Student Loans?

Students

What Happens If I Ignore My Student Loans?

What Happens If I Ignore My Student Loans?

By some estimates, nearly one in three student loan borrowers in repayment are behind on their payments. Some of those borrowers may be paying as much as they can, when they can, but others may feel their debt is hopeless and are taking the ostrich approach instead. Others, like Credit.com blog reader Laurie, aren’t even… Read More

Government Sued Over Student Debt Collector Data

Students

Government Sued Over Student Debt Collector Data

Government Sued Over Student Debt Collector Data

The National Consumer Law Center filed a lawsuit recently against the Department of Education, demanding the Obama Administration comply with the Freedom of Information Act and release documents detailing its relationship to private debt collectors. The department has denied previous requests, in which the NCLC asked the Education Department to turn over public information describing… Read More

The Highest-Paid Public College Presidents

Students

The Highest-Paid Public College Presidents

The Highest-Paid Public College Presidents

College-bound students are increasingly being told to consider their potential salary when deciding where to go to school, because graduating with a debt load that exceeds your annual earnings is practically a guarantee for financial difficulty. Perhaps student borrowers should consider becoming a university administrator, because there’s some serious money in that career path. Nine… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Start Maximizing Your Credit Today

Credit ScoreGet a FREE personalized credit check-up today.

Get Started - It's Free!