Federal and private student loans are reported to the three major U.S. credit bureaus. Like any other debt, delinquencies and defaults will affect the credit history and credit scores of the borrower and the borrower's cosigner, if any. But, there are also several ways in which student loans affect credit scores differently than other types of debt.Read More
Check out the Hot Topics we have covered recently.
With federal student loans, everyone pays the same interest rate, regardless of their credit scores. With private student loans, on the other hand, your credit score (and the credit score of your cosigner) has a major impact on what interest rate you ultimately pay. If you have excellent credit, you may even qualify for a lower interest rate that is competitive with the fixed interest rates on federal loans.Read more
Learn about six common ways to save for college and the pros and cons of each: Mutual funds, custodial accounts, U.S. savings bonds, Roth IRAs, Coverdell ESAs and 529 plans.Read more
Savingforcollege.com's 529 Fee Study, updated as of July 23, 2018, showed that 529 fees continue to decline on average. When taking mean cost across the highest and lowest options, we found that mean fees fell 1.1% over the past six months.Read more
Both 529 college savings plans and Roth IRAs can be used to save for college. However, a 529 plan offers several advantages when the student enrolls in college and a Roth IRA is better when the student decides to not go to college.Read more
Looking for more info on any of these topics?
Q&A with 529 Guru: Joe Hurley
Specialist Joe Hurley answers your questions.
Search content from prior years.