Currently, it’s nearly impossible for most students to attend college without student loans in the United States. In fact, according to a 2019 report from the Institute for College Access and Success, more than two-thirds of students borrowed money for school…
Some borrowers feel the pinch of monthly student loan payments, but they’re able to manage them. For other borrowers, their debt is so large and their income so low it may be a significant struggle to afford their monthly payments…
In the aftermath of the Great Recession, pundits loved to gripe about “homeowners using their homes as ATMs.” Sure, just because you can take out debt doesn’t mean you should. But not all debt is bad debt; debt is a tool…
Federal student loan consolidation can help you manage multiple monthly payments to multiple servicers. If like the vast majority of college graduates, you acquired student loan debt through federal student aid, you likely have more than one loan, which means…
It can be hard for students and young people to build a good credit score. You need good credit to get a loan, but you need to get a loan to build up good credit. There are a few ways…
The skyrocketing cost of getting a degree is starting to undermine the value of higher education. That’s especially the case if you, like most college graduates, had to take on student loans to get one. To ensure your degree is…
Most students don’t have the ability to attend college or grad school without borrowing student loans. In fact, two-thirds of students borrowed money to attend college in 2018, according to a 2019 report from the Institute for College Access and…
If you have student loans along with debt from several sources, such as credit cards and personal loans, it can feel like you need a degree in accounting just to manage it all. Thus, the idea of consolidating all your…
If you’ve defaulted on your student loans, the threat of debt collectors hounding you for payment, wage garnishment, tax refund seizure, legal action, and credit damage can be emotionally and financially devastating. Fortunately, it’s possible to settle your student loans…
No one sets out to fall behind on their student loans. But default comes with serious consequences, including wage garnishment, tax refund and Social Security benefit seizure, and damage to your credit report that could last for seven years. You…
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