Term: college students
12 found

How Much Student Loan Debt Is Too Much? Here’s a Formula to Figure it Out

By Steven Shaw on 5/6/2016

math_formula

Much has been made of the student loan problem. While you’d be hard pressed to find disagreement that it’s an issue, there is plenty of disagreement about how bad things really are. On the one hand, it’s easy to find stories chronicling massive default rates (12%), oppressive $800-a-month loan payments and the big one: total outstanding student loan debt now dwarfs total credit card debt.

college students
college tuition
student debt
Student Loan
Student loan debt
student loans
students

5 Credit Cards You Can Get While You’re Still in College

By Steven Shaw on 4/25/2016

 Money 101: How to Get Your Credit Ready for College

 

Credit card use in college can be both risky and full of opportunities. As young adults with limited experience managing their own personal finances, college students risk incurring debt that can take years to pay off, while potentially incurring costly late fees and penalty interest rates if they miss a payment. But credit cards also offer benefits students can’t get with other payment methods, like security and convenience, and provide the opportunity to build a strong credit history that will serve them after graduation when they apply for a car loan or a mortgage.

college students
credit score

Money 101: How to Get Your Credit Ready for College

By Steven Shaw on 6/18/2015

Money 101: How to Get Your Credit Ready for College

For many students, the beginning of your college career is also the beginning of your transition to adulthood. You will likely have more freedom — and responsibility — than you have ever had before. One of the most important aspects to being an adult is planning ahead and living with intention, especially when it comes to your finances and building credit. As a credit coach, I’ve assembled the top five tips to help you start to build healthy credit and begin your life as a responsible adult.

build credit
College
college students
establish credit
Money 101
students

How Long Can Student Loans Hurt Your Credit?

By Steven Shaw on 4/2/2015

How Long Can Student Loans Hurt Your Credit?

We get questions and comments from distressed student borrowers wondering exactly how long missteps in repaying their student loans are likely to continue to hurt their credit. It can feel like student loans cast a very long shadow that is hard to escape.

How long student loan problems can affect your credit isn’t always clear, because they don’t all work the same way.

college students
private student loans
Student Loan

What Happens If I Ignore My Student Loans?

By Steven Shaw on 6/5/2014

student loan repayment 

By some estimates, nearly one in three student loan borrowers in repayment are behind on their payments. Some of those borrowers may be paying as much as they can, when they can, but others may feel their debt is hopeless and are taking the ostrich approach instead.

college graduate
college students
college tuition
student debt
student loan repayment
student loans
students

6 Credit Card Mistakes Students Make

By Steven Shaw on 5/13/2014

credit card mistakes 

College students live in a sometimes-confusing world between childhood and adulthood. On one hand, young adults attending college away from home often live in supervised dormitories as they begin to take on some of the responsibilities of adulthood. On the other hand, those 18-year-olds (and older) are granted nearly all of the same rights and responsibilities of adults.

college students
credit cards

The Hard & Easy Ways to Pay for College

By Steve Ely on 2/27/2014

 I started saving for my sons college funds a long time ago using 529 plans.  Hard to beat the tax advantages!

college savings

 

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college students
college tuition

How to Get a Credit Card If You Are a Student

By Steven Shaw on 12/5/2013

how to get a credit card if you are a student

Wanting or needing credit isn’t always as simple as filling out an application. Even college students, who have a lot of financial services marketed to them, may face obstacles when trying to get a credit card.

Why? A lot of it comes down to their credit history — or lack thereof. The length of your credit history has an impact on your credit scores — the longer your history of responsible credit usage, the better. Many 18-year-olds heading to college don’t have any credit history, which makes them an unknown to many lenders who may not be as willing to approve them for a credit card.

CARD Act
CARD Act of 2009
college students
Credit Card
student credit cards
students

Help! I’m Unemployed & Drowning in Student Loan Debt

By Steven Shaw on 8/19/2013

student loan debt

It’s not uncommon for college graduates to walk across the stage not knowing what awaits them on the other side. The current economic crisis has created an extremely competitive job market, leaving recent college graduates with limited options.

college students
student debt
student loan repayment
student loans
students

Obama Signs Student Loan Bill: What It Means for Borrowers

By Steven Shaw on 8/12/2013

student loan bill

Regardless of their majors, students may want to brush up on Economics 101.

That’s because President Barack Obama signed H.R. 1911: Bipartisan Student Loan Certainty Act of 2013 — the student loan bill — into law this afternoon. It ties government-backed student-loan interest rates to the 10-year Treasury note, meaning the country’s economic health impacts borrowing rates.

college students
student debt
student loan repayment
student loans
student loans
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