Rule Rollback Won’t Keep Defrauded Student Borrowers From Loan Forgiveness

Borrower defense to repayment is a federal student loan forgiveness program for borrowers whose schools violated certain laws or defrauded or misled students. For example, a federal court found that the now-defunct Corinthian Colleges engaged in deceptive practices such as advertising programs the schools didn’t offer and false job placement rates. Fifteen thousand forgiveness claims from Corinthian students had been approved as of October 2016.

[…] Read more

Budgeting for College Students: Where to Start

Whether your funds come from family, student loans, scholarships or your own wallet, you’ll need to budget for expenses like textbooks, housing and, yes, a social life. Knowing who’s footing the bill, what costs to expect and which ones you can live without — ideally before school starts — can reduce stress and help you form healthy financial habits for the future.
[…] Read more

5 Money Mistakes Students Make Freshman Year

No one expects you to have it all together your freshman year of college. You’ll probably end up losing your student ID, getting locked out of your dorm room, picking the wrong major and signing up for way more clubs than you could possibly handle. Mistakes happen. But if you can keep them from draining your bank account, you’ll just have a funny story to tell later on. […] Read more

5 Ways To Avoid Becoming A “Super Senior”

Students who started at public four-year colleges in 2008 and took a fifth year to graduate paid an extra $18,598 in out-of-pocket tuition and student loan costs on average, according to a NerdWallet study. Plus, they sacrificed a year of entry-level income — $46,355 on average — and around $82,074 in lifetime compounded retirement savings.
[…] Read more

3 Questions to Evaluate the Investment in Your College Education

College costs are going through the roof. The average four-year private college now runs nearly $44,000 a year, including tuition, fees, and room and board. For many people this will be the biggest investment they make and, for some, the one with the highest return — if planned for carefully. […] Read more

Top 10 Mistakes Students Make on the FAFSA

High school seniors left as much as $2.7 billion in free student aid on the table in the last academic year, according to a NerdWallet study. Part of that cash is missed because of errors students are making on their Free Application for Federal Student Aid forms. Here are some of the most common FAFSA mistakes, according to financial aid experts and the U.S. Department of Education. […] Read more