June 26th, 2014

Spotlight on Success: How Tommy Paid off $34,000 of Student Loan Debt Years Ahead of Schedule



Here at Credit Karma, we love success stories. We’re inspired when we hear from members who took control of their finances and made major improvements to their credit health.

As Credit Karma’s new Community Manager, I wanted to get to know some of these inspiring members, and share their stories with our readers. Over the next few weeks, we’ll introduce you to a few Credit Karma members who deserve recognition for improving their financial situation. If you’d like to be featured, please send us an email.

Tommy’s Story

Tommy, an intensive care nurse from Canton, Texas, is a Credit Karma community member who paid off his student loans several years ahead of schedule. Tommy graduated six years ago with a degree in nursing from The University of Texas at Tyler that left him approximately $34,000 in debt. It certainly helped that Tommy attended a public university where he benefitted from in-state tuition. The tuition at a private school would have likely left him even deeper in debt, he realizes. With some time and effort, he was able to completely pay off his student loans. Tommy’s philosophy on debt repayment is simple: “while it’s not going to be fun, you made a promise to repay the money.”

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January 14th, 2014

Credit Karma Tips & Resolutions 2014 — Part 2

Credit Karma Tips & Resolutions 2014

Sadly, student loans are a harsh reality for many Americans, with nearly 12 million borrowing money to help pay for school each year. Even some people over the age of 60 are still making monthly student loan debt payments, showing that student loan payments can last a lifetime. Kayleigh is smart to want to pay those off… if her situation meets certain conditions:

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September 23rd, 2013

How To Stay On Top Of Your Student Loans

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For most people, student loans represent their first encounter with the world of credit and finance. They can open a world of opportunity to young people who might otherwise not be able to pay to continue their education. More than 60% of American students (that’s almost 12 million in total) will borrow money annually to help pay for college. It’s likely that this is where you’ll begin to build your credit score: a little number with huge consequences. It can be intimidating, but there’s really no reason to stress out. Staying in control of your student debt is easier than it sounds. When dealing with loans, you should:

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August 26th, 2013

Back to School On a Budget

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Everyone always talks about Christmas being the biggest budget-busting time of year. And I agree, because we buy more presents during that six week period than we do all year long. However, the back-to-school season can be just as much of a financial war zone when you think about it: between the endless amount of school supplies, new clothing, and equipment for activities - not to mention the fact that everyone seems to have one last vacation or party before the summer ends - your wallet can get exhausted. Whether you are working to pay off debt, save for a mortgage, or build your retirement fund, you need that extra cash. So to keep you from feeling the pinch, here are a few ways to get back to school while staying on budget.

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August 17th, 2013

Infographic: Back-to-School Financial Tool Kit

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Ready for another infographic? This week we thought we'd share more financial facts-- like we did in our debunking credit myths infographic. Here are some helpful tips to keep college students financially savvy.

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July 3rd, 2013

Top 10 States with the Highest Student Loan Debt

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Students heading back to school this fall with new student loans could be shelling out more money. The deadline to raise the federal student loan rate passed without a vote on July 1st. Congress left for the their July 4th recess with no resolution, allowing interest rates on new subsidized Stafford loans to increase to 6.8 percent from 3.4 percent.

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April 8th, 2013

Make a College Savings Plan for Your Kids (or Yourself) on a Budget

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Even if your child hasn’t yet learned to walk, it’s never too early to start saving and budgeting for his or her college education. In these tough economic times, when it comes to creating and adhering to a successful savings plan for college, you may need to work over the long term to save enough money. In order to get a substantial head start on the rising cost of tuition, it’s a good idea to have several eggs in your basket when you're budgeting for college.

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March 22nd, 2013

10 U.S. Cities with the Highest Student Loan Debt

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Each month, we take a look at data from our members to analyze the current state of credit and debt in the U.S. This month we’re honing in on student loan debt, which has been a hot topic for quite some time now. What we found might surprise you.

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January 30th, 2013

The Do’s and Don’ts of Spending Your Student Loan Cash


This week on Facebook we shared the following question from our Credit Advice Center: “Should I pay off my entire credit card balance with student loans?” This one spurred a lot of conversation on our Facebook wall, and it got me thinking – What should and can you do with student loan money? Let’s take a look.

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October 15th, 2012

Lisa’s Pre-Internet Identity Theft Story

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When I started college, the internet wasn't the machine it is today. You couldn't apply for a credit card online. It could only be done over the phone, via snail mail or on a college campus, where credit card companies would set up tables and advertise to new, wide-eyed college students. Sure enough, I was one of those new college students who knew nothing about credit cards, and I applied for my very first card.

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