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Student Loan Benefits for Service Members

It’s estimated that there are 1.3 million active-duty service members and more than 800,000 in reserves. To show appreciation for the sacrifices made by these men and women, the Department of Education has put into place several benefits, including those that relate to repayment of student loans. The Department of Defense announced a new policy in April Read more >

What Happens to Student Loans if You Move Abroad?

The opportunity to live and work abroad can lead to some memorable life experiences and potential career advancement, but it can also include some challenges when student loans are involved. Although there is no specific tally from official sources, it is estimated that there are roughly 9 million Americans who live and work outside of the U.S. Based Read more >

She Fell for a Common Student Loan Scam. You Don’t Have To

Facing more than $80,000 in student loan debt, Tiffany Tatafu did what thousands of other student loan borrowers do: She searched for answers on her phone. The single mother of two had heard that as a public employee, she could be eligible for student loan forgiveness. She’d landed job as a student support coordinator at Read more >

How to Manage Your Student Loan Debt While Furloughed

If you are among those who have been asked to wait out the shutdown on the sidelines or continue reporting to work without pay, you are all too aware of the mounting financial pressures. Mortgage lenders, credit card companies, utility service providers and others have come forward with temporary hardship programs specifically for furloughed workers, Read more >

How to Manage Student Loan Debt Without Making It Worse

When you’re struggling financially, keeping up with your student loan payments might feel like you’re stuck on a runaway train — and student loan forbearance, which allows you to pause these payments temporarily, might look like a soft landing. But watch out: Although forbearance is undeniably quick and easy to set up, its high costs Read more >

Parents Struggling to Repay College Loans, Report Finds

Parents are increasingly shouldering the student loan burden and risking their financial health to do it, according to a new report from the Brookings Institution, a nonprofit public policy organization. In its analysis of debt taken on through the federal parent PLUS loan program, Brookings found that: Balances owed by parents have more than tripled over the Read more >

Ready to Apply for College Aid? A New App’s on Tap

Students can now apply for federal financial aid the same way they share snaps and stories: through an app on their phones. The myStudentAid mobile app from the U.S. Department of Education lets students and parents fill out and submit the Free Application for Federal Student Aid, or FAFSA. The new app launched Oct. 1, the Read more >

Spend Money Guilt-Free — Even With Student Loans

“Ask Brianna” is a column from NerdWallet for 20-somethings or anyone else starting out. I’m here to help you manage your money, find a job and pay off student loans — all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to askbrianna@nerdwallet.com.   Earlier this 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.

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

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, 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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Email: bmcclary@nfcc.org