Archive for the 'Student Loans' Category

 Survey Reveals Varied Perspectives
Regarding Student Loan Debt

By Gail Cunningham The NFCC 2014 Financial Literacy Survey revealed that U.S. adults have a varied range of opinions and experiences when it comes to how they view student loan debt. By a two-to-one margin, borrowers were more likely to say that their student loan was a good investment than a bad investment. At the […]

 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. […]

 How to Restore Your Credit Score
After Defaulting on Student Loan

By Erica Sandberg Dear Erica, I had student loans that were in deferment. I did not know they were no longer deferred. They led me to believe as long as I didn’t have a job, I would be OK. They switched companies, and I started getting letters saying I was 200-plus days behind on payments. […]

 Don’t Dawdle on Student Loan Search

By Jason Alderman Millions of young Americans a few months ago began their senior year of high school. If your kid is among them, he or she is probably busy juggling homework, extracurricular activities, and maybe a part-time job – all while trying to savor the last official year of childhood and simultaneously prepare for […]

 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 […]

 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 […]

 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 […]