Student Loans

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.

Can Private Student Loans Garnish Wages?

Can Private Student Loans Garnish Wages?

Can Private Student Loans Garnish Wages?

  The average student loan debt has risen to $31,172, which can be a heavy weight over individuals who are ready to move on and experience life. Ignoring student loan payments for more interesting pursuits may be tempting, but defaulting on your student loans can have disastrous consequences, including wage garnishment. If you’re one of... Read More

Does Deferring Student Loans Affect Credit?

Does Deferring Student Loans Affect Credit?

Does Deferring Student Loans Affect Credit?

With the average student loan debt for 2017 graduates creeping up to $28,650 and the total student debt hitting $1.52 million and climbing, those big payments are budget busters for Millennials and Gen Xers alike. One option to delay paying your student loans debt is to take out a deferment. But how does deferring student loans affect credit? The short answer is that it doesn’t.... Read More

What Happens If You Lie on Your FAFSA?

What Happens If You Lie on Your FAFSA?

What Happens If You Lie on Your FAFSA?

Every student getting ready for college is hit with the reality of how expensive higher education can be. It might be tempting to lie on the FAFSA. However, lying on FAFSA can come with serious consequences. You could face criminal charges of fraud, and most of the time, you have to payback any financial aid you received under false pretenses. Find out... Read More

7 Options for Paying Off Student Loans

7 Options for Paying Off Student Loans

7 Options for Paying Off Student Loans

A significant part of what makes us human are the different views each one of us has about one thing or the other. But one thing everyone can agree on is this: student loan debt isn’t a small issue. And paying off student loans isn’t easy. Debt.org reports that in February 2017, student debt rose... Read More

Do I Need a Good Credit Score to Get Student Loans?

Do I Need a Good Credit Score to Get Student Loans?

Do I Need a Good Credit Score to Get Student Loans?

Article originally published October 14th, 2013. Updated October 29th, 2018.  Consumers’ credit scores can determine their ability to get auto loans, mortgages, personal loans, and all kinds of other financing. But student loans are different. It can be challenging enough to get into a certain academic program — but do students have to make a... Read More

How New Government Policies Impact Student Loans

How New Government Policies Impact Student Loans

How New Government Policies Impact Student Loans

Did you know that about 44 million Americans owe more than $1.5 trillion in student loans? Student loans are by far some of the most widespread types of loans that plague people into their adult life. For the most part, people struggle to pay these loans off for their entire adult existence. It is no... Read More

Student Loan Scams to Watch Out For

Student Loan Scams to Watch Out For

Student Loan Scams to Watch Out For

As things stand now, there are more than 44 million people who collectively owe a whopping $1.5 trillion in student loan debt in the U.S Clearly, this is an issue that needs to be addressed. The problem is that there just aren’t enough jobs for these graduates to try and offset their student loan debts... Read More

Student Loans and Applying for Financial Aid

Student Loans and Applying for Financial Aid

Student Loans and Applying for Financial Aid

The year is 2018, and there are 44 million Americans currently in debt valued at over $1.5 trillion. Today, student loan debt is the second largest consumer loan debt category, coming behind mortgage debt and above credit cards and auto loans. To provide a bit of perspective, this means that the average loan debt of... Read More

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