CreditCards.com

Tag Archives: student debt

Credit card debt takes toll on mental health

Kelly Dilworth

Carrying excess credit card debt isn’t just bad for your credit score; it can also take a toll on your mental health, according to a new study published in the Journal of Family and Economic Issues.
Read More »

Overcoming family FAFSA barriers

Sienna Kossman

To qualify for Federal grants and loans for college, students and their parents have to disclose extensive personal financial details but if that information is hard or nearly impossible to get due to special family circumstances, does that mean a student doesn’t have a shot at getting financial aid? Not necessarily.
Read More »

Is college always worth the debt?

Kelly Dilworth

When a family member told me they’re skipping college in order to avoid the extra debt, I couldn’t bring myself to tell them that they’re making a huge mistake. A lifetime of low earnings makes it tough to get by. But so does crushing debt. Here’s what the numbers from new studies say.
Read More »

Critics give proposal to lower student debt a failing grade

Bobbi Dempsey

In its attempts to hold colleges, universities and vocational schools more accountable for the student debt they generate, the U.S. Department of Education has so far pleased few. Its proposed gainful employment rule is suffering a Goldilocks syndrome in which the public complains it’s either too hot (goes too far) or too cold (not far enough). So far no one seems happy with the temperature as it stands.
Read More »

Gen. Y to Congress: We can’t get approved for home loans

Kelly Dilworth

College debt weighs so heavily on the millennial generation that a college-educated 30-year old is now less likely to own a home than a 30-year-old with no student debt. That was part of the testimony at a U.S. Senate hearing this week, aptly titled “Dreams Deferred.”
Read More »