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How the Rise in Student Loan Rates Will Affect Borrowers

If you’re planning to take out a federal student loan to pay for college in the coming school year, you’ll see higher interest rates than in the previous year. The new rates will determine the amount you owe monthly in interest once you start repaying the loan. The student loan interest rates kick in July 1 Read more >

The Key to Surviving Student Loan Debt

Student loan default rates have fallen slightly but remain uncomfortably high at approximately 11 percent. That means that about one out of every ten student loan borrowers will default on their loans within three years of graduation. Over the past decade total student loan debt has ballooned to more than $1.4 trillion. The cost of Read more >

Class of 2017: A Student Loan Repayment Checklist

Class of 2017: A Student Loan Repayment Checklist The six month grace period on your student loans after graduation will go faster than you think. You’ll no sooner let out a sigh of postgrad relief when the first bill will arrive. Prepare for the day with this student loan checklist.   Apply for income-driven repayment Read more >

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 >

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
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For NFCC Media Inquiries:
Bruce McClary
Vice President of Communications