Archive for the 'Student Debt' Category

 What To Do If You Default
On a Student Loan

By Lauralynn Schueckler It’s possible that you didn’t realize your loan came out of deferment, and you missed some payments. Unfortunately, we see this kind of thing all the time. If you’ve missed even one payment, then you are at risk of defaulting on your student loan. Defaulting on your loan has some serious consequences. […]

 Mastering Student Loan Debt

By Barb Miller I’ve recently observed a few disturbing trends with student loan borrowers. I would like to share some of those with you, along with some tips for avoiding over-borrowing student loan debt. Otherwise, you might just sabotage your financial future. By this I mean you will owe so much in student loans you […]

 How to Compare Financial Aid
and College Costs

By Lauralynn Schueckler Hooray! Spring has finally arrived, and students all across the country are receiving college acceptance letters in the mail. It’s an exciting opportunity, but it comes with a lot of life changing decisions to make, like how to pay for it. Cracking the code on financial aid is a big (and often […]

 What You Need to Know
About Defaulted Student Loans

By Shannon Doyle Student loan default rates are on the rise. Defaulting on your student loans can have massively negative consequences: the federal government has powers to recapture your tax refunds, garnish your income without taking you to court, and can even garnish certain amounts and types of Social Security income. Not to mention there is […]

 Financial Tips for College Freshmen

By Gail Cunningham For incoming freshmen college often means one thing: freedom. That freedom can come in the form of no curfew, no set study time, or no one looking over your shoulder as you spend money. Such freedoms can be part of a positive growth experience, or create negative situations which take years to recover […]

 How to Handle Student Loan Debt Collectors

By Lauralynn Schueckler When you default on a student loan, the government will usually hire debt collection agencies to collect on these loans. It’s not quite as straightforward as you might like to think, to try and get this loan to just disappear. The collection agencies are sometimes known to twist their words around to […]

 Dear Kim:
Can the IRS Apply My Tax Refund
To An Outstanding Debt?

By Kim Cole Dear Kim, I filed my taxes and was expecting a $2000 return. I received a letter from the IRS stating that my return is being applied to an old student loan that I didn’t pay. Can they do that? That loan had nothing to do with my taxes! I think I owe […]

 Student Loan Caution and Action Advised

By Sara Gilbert Recent Associated Press headlines, and an article in May’s issue of Consumer Reports have identified student loans as the next potential head-on collision that Americans will have with their debts in the coming months and years. A few years ago over-extended mortgagors and a loose mortgage lending environment helped to initiate the […]

 Can Your Family Afford College?

By Jason Alderman I’m a firm believer that the more knowledge you acquire, whether through college, trade school or self-study, the richer your life will be. But as college tuition and fees continue to skyrocket, students and parents increasingly are asking, “Is a degree really worth the cost?” For many people it certainly is: On […]