Heading into the workforce saddled with student loan debt can make any new graduate panic. But many borrowers have the power to make their loan payments more manageable — and fail to take advantage of it. A new NerdWallet analysis puts the Class of 2018 in retirement at age 72 after years of careful budgeting, debt repayment and Read more >
An education is a great thing—but just because a student has graduated from college doesn’t mean they’ll make all the right decisions when it comes to personal finance. In fact, according to one survey, most recent college grads reported making a credit-damaging mistake within two years of getting their degree. The post-graduation world of Read more >
Expect to pay more for federal student loans this coming school year. All interest rates for student loans in the federal direct loan program are increasing by 0.60 percentage points for the 2018-19 school year compared with loans borrowed for 2017-18. It’s the second consecutive year that rates have gone up for federal student loans. Beginning Read more >
Student loan debt is a common component of earning a college degree for many graduates. In fact, the latest statistics highlight the growing number of college graduates with student loan debt, many of which leave school with nearly $30,000. Regardless of the amount, student loan debt can be a financial burden that lasts for several decades. Read more >
Saving Before Graduation While it’s difficult to focus on the future with a mountain of homework in front of you, there are easy ways to start saving before you graduate. Since a vast majority of college students share housing, many are able to drastically cut electric, utility, cable, and internet bills. Some Ways Student Can Read more >
There are a few different ways that student loan debt affects your taxes, from possible deductions to what you may owe in the future. You can deduct student loan interest from your income. If you paid interest on student loans last year, you can lower your taxable income by up to $2,500. Student loan Read more >
No one plans to let their student loans fall into delinquency but with 44.2 million borrowers and an 11.2% delinquency rate, we know that millions of us do. There are some simple strategies you can take to put yourself in the best position to keep your student loans current and reach your ultimate goal of Read more >
Once you commit to a college, your financial aid package is likely to lead to your second most-important choice: Should you use federal or private loans to cover your funding gap? PRIVATE LOANS SHOULD BE PLAN B. Private loans may seem like less of a hassle—you go to your bank or credit union Read more >
Making a commitment to love and cherish someone until “death do you part” is intimidating enough, but with each person bringing their financial history into the marriage, it can add an extra level of complexity. LOVE ME, LOVE MY DEBT. With roughly 44 million Americans owing $1.48 trillion in student debt, the chances of Read more >
Graduation season is upon us, which means that a whole new batch of students will be entering the workforce. But with that anticipation comes the stress of having to repay your student loans. If you’re one of the millions of graduates dealing with student loan debt, you will want to know your options. So, are Read more >
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 www.NFCC.org
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 www.SharpenToday.org.
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