Considering a student credit card? There are many reasons to be cautious — particularly when you’re on a limited income. However, once you graduate, it will be much harder to… read more →
This post comes from partner site lowcards.com. If you are saving for your child’s college education, you may need to save a little more for financial support after graduation. According… read more →
A lot of students pile up a lot of debt just to have a good time. The vast majority of the time we meet students who have high credit card debt, their statements reflect a habit of putting meals, drinks and event tickets on their charge card.
College students are facing higher debts than ever. A 2009 Sallie Mae study shows the average undergrad owes $3,173 in credit card debt. On top of that, the average college student graduates with approximately $20,000 in student loans.
Some college graduates find that their income doesn’t allow them to pay down their large student loan balances. A new program for federal student loan borrowers called income-based repayment can lower student loan payments and make it easier for borrowers to make ends meet.