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What You Need to Know About Defaulted Student Loans

By Shannon Doyle Student loan default rates are on the rise. Defaulting on your student loans can have massively negative consequences: the federal government has powers to recapture your tax refunds, garnish your income without taking you to court, and can even garnish certain amounts and types of Social Security income. Not to mention there is Read more >

Mixing Up These Student Loan Terms Could Cost You

If you have student debt, you don’t have to go looking for confusing jargon — it’s built right into the system. Take student loan refinance and student loan consolidation. These terms are often used interchangeably, since both let you bundle several loans into one. But the similarities stop there. That’s because federal consolidation and refinancing, Read more >

How to Quickly Pay Off Student Loans

For an entire generation, excessive student loan debt is like a millstone chained around one’s neck. With so much debt hanging over their heads just as they start out in the working world, many of today’s recent graduates want to know how to pay off student loans quickly. Because the amount of debts we’re talking Read more >

Does Student Debt Affect Your Chances at Homeownership?

By Jennifer Riner of Zillow Zillow recently determined first-time home buyers are renting longer than ever, up 6 years compared to 4.4 years in the late 1980s. And, the typical first-time home buyer is now 33 years old compared to 30 years old just a few decades ago. This delay in buying homes between Gen X Read more >

What to Do If You Default on Your Student Loan

Did your student loans come out of deferment and you didn’t realize it? Missing even one payment puts you at risk of defaulting on your student loan.  Defaulting on your student loan can have some serious implications to your credit.  However, there are a few things you can do to avoid any more damage. Below Read more >

This Student Loan Tip Saves You Money Year After Year

You don’t usually think of your student loan lender as a source to save you money. But by signing up for automatic payments today, you could land a discount and put money back in your pocket. If you sign up for auto-debit, which most federal and private student-loan lenders offer, you’ll get a 0.25 percentage Read more >

How Marriage Affects Student Loan Repayment

Most student loan payment plans are based upon income. In an “income driven payment plan,” the size of your monthly payment depends directly upon the amount of income that you legally report. If you get married before fully paying off an income driven student loan, the income of both you and your spouse may be Read more >

How Student Loans Affect your Tax Return

Your tax return can be a highlight of your fiscal year, especially if you have debts like student loans hanging over your head. However, you may need to employ a bit of financial savvy in order to keep whatever return you are due. As a matter of fact, a student loan may even be advantageous Read more >

Who is the NFCC?

Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation's first and largest nonprofit dedicated to improving people's financial well-being.

NFCC members help millions of consumers like you through community-based offices located in all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

Member agencies are able to offer their services for nominal fees based on their current funding status. Funding for operations and services comes from an ever-changing combination of federal, state and local government grants, as well as donations from financial industry participants and private donors.

For more on the NFCC, visit

Thank you to our funders.

The Sharpen Your Financial Focus program is an initiative of the National Foundation for Credit Counseling (NFCC) in partnership with a broad cross-section of supporters. Together, we are committed to increasing the financial well-being of Americans. This initiative is partially funded by Bank of America, Chase, Synchrony Financial, Wells Fargo and other major financial institutions. We thank all funders and partners who make this program possible. For more information, visit

National Foundation for Credit Counseling
2000 M Street, NW
Suite 505
Washington, DC 20036

For NFCC Media Inquiries:
Bruce McClary
Vice President of Communications