StudentLoans

5 Practical Money Tips for New Grads

Beyond the usual platitudes and cliches, commencement speakers should consider giving their audiences of eager graduates these five crucial pieces of advice.

4 Tax Breaks Every College Student Should Know About

In 2009, Americans missed out on $800 million in education-related tax breaks. If you're paying tuition, make sure you get your share: Before you complete the take-home final that is your 2013 tax return, review the four most-lucrative tax breaks for college students.

Do You Have More Debt Than the Average American?

A new study shows that individual debt is falling at the fastest rate in nearly 50 years. But not everyone is contributing positively to that statistic, and many Americans are still struggling with overwhelming debt.

Feds Warn For-Profit Colleges: Do Better or Lose Student Aid

Former students in career-training programs at dozens of for-profit institutions have had so much trouble paying off their loans that the schools could lose access to federal student aid if they don't improve, the Department of Education reports.

529 College Savings Plans: What You Need to Know

What might be the most accessible and simplest way to save for college -- a 529 savings plan -- is also one of the most widely misunderstood financial tools among consumers. Let us clear up some of that confusion.

This Bright-Eyed Young Man Was Utterly Demolished By Student Loans

Even as total outstanding student debt rises to $1 trillion, lawmakers have yet to allow loans to be discharged in bankruptcy. Without an escape clause, these loans can strangle a person. Take 36-year-old Nick Keith, who remains $142,000 eight years after graduating from culinary school.

How I Went Bankrupt at 23

For as long as Amanda Chatel could remember, her dad had warned her about the dangers of credit cards. Then she got to college and began ignoring those warnings -- repeatedly.

What Happened When This Guy Paid His Student Loan in Cash

Last week, a Reddit user posted a photo of a $114,000 student loan bill-paid in cash-that elicited thousands of comments. Since then, the anonymous alum has stepped forward as Alex Kenjeev, a 2009 law school graduate of the University of Toronto.

How Low Interest Rates Could Push College Costs Even Higher

With so many young adults struggling with college debt, maintaining the current low 3.4% interest rate on Stafford loans sounds like a no-brainer. But former Education Secretary William Bennett thinks low rates will only lead colleges to become more expensive.