The Consequences of Student Loan Default
Allowing student loans to go into default can have serious financial consequences that can affect your credit for years to come. Here's what you need to know: Direct Federal Student Loans are i...
What is Student Loan Rehabilitation (And When Do You Need It)?
Having student loans go into default can be confusing and overwhelming. And the financial consequences can be serious if the loan holder doesn’t take action to remedy the situation. Direct Federa...
What to Do If You Default on Your Student Loans
With student loan debt now totaling $1.3 trillion in the United States, the student loan crisis has reached a fever pitch and now affects more than 40 million Americans. To compound the crisis, the Consumer Financial Protection Bureau reports that one in four borrowers are in delinquency or default on their student loans. Studen...
Do You Qualify for Public Service Loan Forgiveness?
If you’re like most recent college graduates, you’re probably making payments on student loan debt. While resources abound for borrowers who need help repaying their student loans, there’s a special program designed just for people who work in public interest careers. It’s a way to reward people working toward the common...
Tips for Borrowing Student Loans Wisely
College tuition is rising nationwide – and student loan debt is following at record rates. If you’re considering a student loan, ask yourself a few hard questions first. A realistic approach, combined with a few smart choices , will help you keep debt to a minimum and assure your personal financial well-being after college. ...
Student Loan Borrowers: Do You Have an FSA ID?
You may have noticed federal student aid websites now ask you to provide an FSA ID in order to apply for student aid, access information about existing student loans, complete entrance and exit counseling, apply for a loan consolidation or enroll in an income-driven repayment plan. This is a change from the longstanding four-dig...
What You Need to Know Before Borrowing Money for College
A weak economy and rising tuition costs have forced student loan debt levels into the spotlight. People from all walks of life and backgrounds struggle with payments. In fact, the Federal Reserve Bank of New York reports student loan debt has even surpassed credit card debt in America. If you need a loan to pay for college, b...
Financial Tips for Older College Students
Whether you're going back to school to finish a degree you started earlier in your life, or you're planning to attend college for the first time as an adult, congratulations! You'll see your efforts pay off in the form of higher lifetime earnings. According to the U.S. Census Bureau, the expected lifetime earnings of an indiv...
Money-Saving Tips for College Students
Today’s college students must navigate a far different financial landscape than those who graduated just a few years ago. Tuition is higher, jobs are scarce and personal debt levels are rising. Yet despite these warning signs, many young adults don’t realize the impact of poor money management. Excessive spending and inadequ...
Back to School, Back on Budget
Many parents are filled with mixed emotions as "back to school time" comes around each year. They’re excited for their kids to venture outside of the house and hit the books, yet they’re fearful of the costs associated with it. Books, backpacks, supplies, clothes, extracurricular activities, tuition… the list goes on and o...