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CFPB Puts Spotlight on For-Profit Colleges for Allowing Too Much Student Loan Debt: Five Things You Need to Know

On January 5, the Consumer Financial Protection Bureau turned a spotlight on for-profit colleges for the amount of student loan debt they are allowing students to accumulate with little ability to repay. The Obama administration defined affordability of student loan payments as no more than 20 percent of take home pay, or 8 percent of Read more >

Identity Theft and Student Loans

  By Bruce McClary There are few people who have been untouched by the effects of identity theft. According to the latest data, nearly 100 million Americans are at risk of identity theft each year because their personal identifying information is compromised. It is also likely that many of those people are among the 40 Read more >

Advice from 3 People Who Paid Off Student Loan Debt

The American dream used to be simple: Go to college, graduate and earn a good income doing something you love. Now many people have to add “pay off student loans” to the mix, which complicates things a bit — especially since the average borrower graduates with about $30,000 of student loan debt. It’s not impossible to get Read more >

DeVry University Settles with FTC Over Misleading Advertising

Earlier this week, the Federal Trade Commission (FTC) announced that they had reached a $100 million settlement agreement with DeVry University over charges that DeVry promoted misleading employment success rates and income levels for their graduates. That misinformation was likely a deciding factor for potential students who were considering enrollment. Recently, there have been a Read more >

Will Trump Hurt or Help My Student Debt?

“Ask Brianna” is a Q&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 Q: I’m Read more >

Milk, Cookies, and Student Loans

  For those who graduated from college in May and took on student loans to cover expenses, December marks the time when the six-month grace period ends and repayment begins. It also is the time for cheer, milk and cookies to celebrate the holiday season so no one wants those two events to conflict with Read more >

Is Student Loan Debt Really ‘Good Debt’?

When you borrow money to pay for college, two words can help you make peace with your student loans: good debt. When financial experts use the phrase, “good debt,” they’re usually talking about debt that has the potential to create value in the future. That’s in contrast to something like credit card debt, which really Read more >

A Winning Strategy for Saving on Your Holiday Flight: Book Early, Use the Right Credit Card

Booking holiday flights is never a feel-good experience. It’s more of a “ripping off the Band-Aid” experience. You click “Buy now” and wince. Afterward, you avoid looking at your credit card statements and try to focus on more cheerful things, such as family and eggnog. But this year can be less painful, if you get an early start. The Read more >

Changes Being Made to Your FAFSA for 2017-18

 By Tara Carter Free Application for Federal Student Aid, otherwise known as FAFSA, is making some big changes for the upcoming year. The FAFSA is used for students to receive financial aid to attend eligible colleges or career schools. Loans and grants that are included in the FAFSA include Federal Pell Grants, Federal Student Loans, Read more >

To Have a Car on Campus or Not?

 By Tara Carter When considering whether or not to bring a car to college, there’s certain things to consider first. First, its best to check your campus policies to see if students are allowed to bring cars on campus to begin with. After checking campus policies, you’ll want to list different pros and cons to 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

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

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