Posts Categorized: Student Loans

How Student Loans Affect Your Credit Score

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According to FinAid.org, total student loan debt in the U.S. tops $1 trillion — and counting. Average loan debt for a student in the class of 2011 was just shy of $23,000. While grads work on paying off their debt, there’s a bright side for those who do so responsibly. The potential reward: a betterread more

9 Student Loan Facts for This Year’s Grads

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As another round of college students graduate, they’ll also start repaying their student loans. Federally-backed student loans offer many repayment options, and the choices often mean a difference in thousands of dollars in interest and decades of payments. Here are nine student loan facts to help every college graduate make informed decisions on their pathread more

7 Tips for Paying Off Student Loans Faster

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Paying the minimum on student loans often means being stuck in debt for a decade or longer. Federal student loans start with a 10-year term, which can be extended even longer with consolidation. Interest adds up when repaying student loans for this long, never mind the hassle of dealing with bills and sacrificing other financial goalsread more

7 Ways to Pay for College Without Student Loan Debt

According to The College Board, private, four-year colleges cost more than $28,500 on average based on published tuition and fees. When some or all of this cost is covered by student loans, graduates face the struggle to find a job and then may spend years paying their debt. But taking out loans for college isn’tread more