college loans

Student Loan Crisis Deepens as Debts and Defaults Skyrocket

The student loan crisis may be even worse than it previously appeared: Not only are college students graduating with more debt than ever, but their risk of defaulting on their loans is higher than ever, a new study by FICO Labs reveals.

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.

Why Healthy People In Their Prime Need Life Insurance Too

It's easy to assume that if you're young and healthy, you'll be alive next year. It's probably true, too. But there are many grieving relatives and friends out there who will remind you that the unexpected does happen, and it can leave all kinds of chaos in its wake.

529 College Savings Plans: What You Need to Know

A 529 savings plan may be the most accessible and simplest way to save for college, but it's also one of the most widely misunderstood financial tools among consumers. Let us clear up some of that confusion.

Choosing a College: Which Schools Offer the Best Return on Investment?

Collegians are having to become more careful consumers, as high-quality jobs become scarce and interest rates on student loans are set to increase. A comparison of the average return on investment for over 1,200 American colleges and universities offers some clues on how to choose.

Good Reasons to Love Those Darn Student Loans

With student loan default rates rising due to persistently high unemployment rates, it's easy to vilify the seemingly endless monthly payments that follow graduation. But take a closer look, and you'll find that the news about student loans is more good than bad.

How I Paid for College on a Paperboy's Salary

I know what a daunting task it is to pay for college. But it's not impossible -- even on a paperboy's income. I did it, and hopefully some of what I learned on the route to college graduate will help inspire you, your kids, or your local paper carrier.

10 Private Colleges Where Student Debt Is Lowest

Recent graduates from private colleges and universities walked away from commencement with an average of $28,100 in student debt, according to The College Board. But not every school leaves its alumni so far in the hole.

Average Student Debt Hits Record High in 2010: $25,250

A report released on Thursday by the Institute for College Access & Success's Project on Student Debt shows that members of the class of 2010 who took out loans to finance their educations owed an average of $25,250 in student debt at graduation -- a 5% increase from the year before.

Obama's Student Loan Plan: Could You Pay Less?

The Obama administration estimates that close to 8 million borrowers will be affected by its new student loan initiative. That's not even a quarter of those paying down college debt, but with nearly $1 trillion owed, it's still a big deal. Here's what you need to know about the plan.

Eight Money Lessons for New College Grads

Members of the Class of 2011, you're about to be tossed head first into the real world, and -- surprise -- you probably need a little more education about how to handle your personal finances. Here's a Cliffs Notes crash course in Money 101.

Why Most Colleges Should Give Up Need-Blind Admissions

The idea of need-blind admissions is noble: Offering qualified applicants admission to a university, regardless of their financial circumstances. But in too many cases, need-blind admissions mean young scholars are accepted to their dream schools under circumstances that would make attending financial suicide.

Got College Scholarship Questions? Mark Kantrowitz Has Answers

From online databases to essay-writing tips, college scholarship expert Mark Kantrowitz, founder of free scholarship-matching service Fastweb.com, has scads of advice for the many ways students can boost their odds of winning money to pay for college.

NYU Protest Over Student Loan Debt Missed the Point

It's absolutely worth protesting that New York University graduates leave the school with an average of $33,487 in student loan debt. But T-shirts and moments of silence aren't going to change anything. If they were smart and savvy, those undergrads would vote with their feet.