Go to Top

Student Loan Counseling

Managing Your Student Loan Debt When Looking to Buy a Home

According to Pew Research, nearly four in 10 adults under age 30 have student loan debt. If you’re among that number, becoming a first-time homebuyer can seem a bit daunting. However, with proper planning, you don’t need to worry that your student loan debt will keep you from qualifying for a home loan. Read on for six practical ways to make home buying feasible as you manage your student loan …Read More

Ask an Expert: How can I qualify for student loan forgiveness?

Q. How can I qualify for student loan forgiveness? Dear Reader, Dealing with your student debt can seem overwhelming and the possibility of having this debt forgiven sounds too good to be true. However, it doesn’t have to be. Qualifying for loan forgiveness takes time, and it requires you to be very proactive during the application process.   So how do you qualify for a loan forgiveness program? A good …Read More

Start Handling Your Student Loan Repayment in 4 Steps

Student loan repayment can be overwhelming. It may be tempting to “think about it later” or stop paying on your loans when the budget gets tight. As much as you might be tempted to pretend that the problem doesn’t exist, ignoring your student loan payments or letting them go into default status can have serious consequences.  Potential consequences of defaulting on your student loans may include: Wage, tax and/or social …Read More

The Process of Getting A Student Loan

Each year across America, teenagers and people in their early twenties head to college. In this day and age, with the rising cost of college education – many students have basically no choice but to take out student loans. According to U.S. News, the average cost of tuition for an academic at a public in-state university is more than $10,000, over twice as much as it was back in 1998. …Read More

Graduating This Year? Now’s the Time to Take Control of Your Financial Health

By Bruce McClary The average 2016 graduate has more than $37,000 in student debt- up 6% from last year and levels of delinquencies and defaults are alarming. For many borrowers, managing student loan repayment is one more financial burden they have to consider on top of housing costs, credit card payments, car loans and more. Many don’t know where to turn for help or are not paying attention to the …Read More

Student Loans: More May Not Be the PLUS You Think

By Drew Kessler Part of being a parent is wanting to protect your children from things that might harm them, including a heavy student debt burden. This is why many parents turn to the Federal Parent Direct PLUS loan program. These loans put the burden of payment squarely on the parent. PLUS borrowing has grown from a little used option to account for 10% of all federal student loans issued in 2014. …Read More

CFPB Calls for Student Loan Servicing Reform

By Drew Kessler The Consumer Financial Protection Bureau (CFPB) has published a detailed report based on the results of its public inquiry on student loan servicing practices. The findings highlight troubling customer service practices in the student loan servicing industry and include recommendations for reframing oversight of the student loan servicing marketplace. The recommendations contained in the report are partly based on comments submitted to the CFPB after it launched a …Read More

Worth It!

By Drew Kessler The numbers are intimidating: 40 million Americans owe roughly $1.2 trillion in student debt as of mid-June. As Kyle McCarthy observed in a Huffington Post article, 40 million is more than the entire population of Canada. These figures are especially intimidating for current students. With close to two-thirds of students using loans to pay for college, it comes as no surprise that those currently in college—some 70%—say …Read More

Choose Help Over Avoidance

By Bruce McClary When applying for student loans, you’re more likely to be focused on the goal – being approved – than on how you’ll actually repay the loans. After all, at that point, it seems like you’ll have plenty of time to figure things out. Not being ready to address repayment isn’t unusual. Employment opportunities may be different from what you expected. Unanticipated changes in your education or family …Read More