Lower-Cost Student Loans? Not Really.

Students

Lower-Cost Student Loans? Not Really.

Lower-Cost Student Loans? Not Really.

Auctions of U.S. Treasury notes and bonds don’t usually attract a lot of attention unless we are in the midst of tumultuous times or when the lending rates for a pretty important loan program are indexed to one of these. At nearly $1 trillion and counting, the Federal Direct Student Loan program deserves all the… Read More

3 Financial Realities New Grads Have to Face

Students

3 Financial Realities New Grads Have to Face

3 Financial Realities New Grads Have to Face

Go to college, study hard, get good grades, land a job and rake in the money. Sounds pretty simple, right? Not so fast. The truth is there are a number of financial realities new graduates have to face in order to be successful with their money. If you’re thinking about attending college or are already in… Read More

7 Deadly Student Loan Sins

Students

7 Deadly Student Loan Sins

7 Deadly Student Loan Sins

We all know that higher education is expensive, but we also know the professional and personal growth it can provide. For many people, going to college means taking out student loans, a serious credit product that shouldn’t be entered into lightly. It’s a good idea to calculate the monthly student loan payments you will owe before… Read More

Student Loan Servicers Aren’t the Only Problem…

Students

Student Loan Servicers Aren’t the Only Problem…

Student Loan Servicers Aren’t the Only Problem…

The Consumer Financial Protection Bureau announced Thursday that it’s launching a public inquiry into student loan industry practices that make repayment “a stressful or harmful process for borrowers.” So, in its search for ways to make that repayment process something other than today’s less-than-awesome experience, the bureau is soliciting comments on student loan servicing policies,… Read More

How to Consolidate Private Student Loan Debt

Students

How to Consolidate Private Student Loan Debt

How to Consolidate Private Student Loan Debt

Judging from the comments we’ve been getting from Credit.com readers lately, borrowers with private student loan debt want to consolidate their loans, but don’t know how.  “I have private student loans, are you able to help me find a way to consolidate to get a lower interest rate?” asks Janice. “I see all these programs… Read More

The Student Loan Realities We Can’t Ignore Anymore

Students

The Student Loan Realities We Can’t Ignore Anymore

The Student Loan Realities We Can’t Ignore Anymore

An alternate view on student-loan payment performance data is challenging the prevailing narrative that tends to greatly downplay the problem. In his recent Wall Street Journal column, Josh Mitchell correctly observes that after accounting for the fact that only half of all student loans are actually in repayment (the other half are deferred because the… Read More

Corinthian’s Failure Is the Government’s Failure, Too

Students

Corinthian’s Failure Is the Government’s Failure, Too

Corinthian’s Failure Is the Government’s Failure, Too

No doubt you’ve heard the news: Corinthian Colleges has flipped the switch, leaving its 16,000 current students in the dark. The for-profit “career college,” headquartered in Santa Ana, Calif., had been the subject of student and staff complaints, investigations by numerous state attorneys general, the Consumer Financial Protection Bureau and the Securities and Exchange Commission…. Read More

Celebrities Donate $500K for College Scholarships

Students

Celebrities Donate $500K for College Scholarships

Celebrities Donate $500K for College Scholarships

For millions of American students, scholarships are crucial to making college affordable and avoiding the sometimes-overwhelming burden of student loan debt. Anthony Anderson, star of the TV show “Black-ish” remembers how difficult it was to pay for college, even 20 years ago. “My parents couldn’t afford sending me to school, so I understand firsthand,” Anderson… Read More

5 Expensive College Financial Aid Gotchas

Students

5 Expensive College Financial Aid Gotchas

5 Expensive College Financial Aid Gotchas

It’s crunch time for high school seniors: May 1 is College Decision Day, the day most college-bound students will let universities and colleges know whether they will be enrolling. For students agonizing over multiple offers, a big factor in choices will (or should be) financial aid. After all, the less you borrow as a student, the… Read More

The First Steps to Take Before You Start Paying Your Student Loans

Students

The First Steps to Take Before You Start Paying Your Student Loans

The First Steps to Take Before You Start Paying Your Student Loans

It’s a whole new world once you leave the cocoon of college and head off into the real world to make a living. You’re no doubt overwhelmed with getting a job and finding a place to live. That’s understandable. But if you paid for your college education with student loans, it’s also incredibly important to… Read More

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