August 25th, 2014

Student Loan Debt Negatively Affects Quality of Life

Student Loans Quality of Life

According to a recent Gallup poll, students with $50,000 or more in student debt fall short of those with no debt in three key areas of well-being: financial security, physical health and sense of purpose. The study surveyed more than 11,000 people who graduated from college between 1990 and 2014 to ask whether they felt they had purpose to their lives, supportive relationships, financial security, a sense of community and physical health.

Graduates with no debt were 15 percentage points better in financial security, 10 points better in physical health and 9 points better in sense of purpose than graduates with more than $50,000 in debt.

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August 22nd, 2014

U.S. Department of Education Proposes Changes to PLUS Loan Program

PLUS Loans

The U.S. Department of Education recently proposed changes to the PLUS loan program that would relax credit standards for potential borrowers.

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June 26th, 2014

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

Spotlight on Success: Tommy

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. 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. Read more to find out how!

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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

How To Stay On Top Of Your Student Loans th

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

back to school on a budget th

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

back to school financiall tips infographic

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

washington th

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

college savings plan

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

debt th

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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