Federal Student Loans Will Be Easier to Get for Parents With Bad Credit

Students

Federal Student Loans Will Be Easier to Get for Parents With Bad Credit

Federal Student Loans Will Be Easier to Get for Parents With Bad Credit

The Department of Education is loosening borrower qualifications for Federal PLUS Loans, which allow graduate students and parents of dependent college students to finance higher education. The updates, published Oct. 23, include a new definition of “adverse credit history,” potentially opening access to federal student loans for millions of families. The changes go into effect July… Read More

Is Student Debt Holding You Back From Marriage?

Students

Is Student Debt Holding You Back From Marriage?

Is Student Debt Holding You Back From Marriage?

Most people who have never been married peg their relationship status to the fact they haven’t found the right person yet, but there’s more to that decision than feelings. Finances play a huge role in Americans’ decision to marry. Actually, there are nearly as many unmarried Americans who say they’re still looking for their future… Read More

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Students

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Troubled Private Student Loan Borrowers Get Little Help, CFPB Says

Borrowers stuck with oppressive private student loan debts continue to get little mercy from lenders, which is bad for both consumers and the financial institutions, according to a report issued Thursday by the Consumer Financial Protection Bureau. While distressed mortgage holders have several opportunities to appeal for lower monthly payments, and federal student loan borrowers… Read More

How to Get Your Student Loans Forgiven in Bankruptcy

Students

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

Black Students More Likely to Graduate With Student Loan Debt

Students

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

Students

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

Show Me More

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

Sign Up Now
X

Stay Connected to Our Experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.