Tag: Student Loans

Much like credit card debt, it seems, student loan debt can really take a bite out of your financial life.

I’m not talking about interest rates – which can be lower for federal loans, and downright predatory for private ones. And I’m not even talking about the high principal balance that a typical American student needs to borrow in order to afford even just 1 year of school. As bad as those things are, they’re not what I’m focused on today.

I’m focused on what student loans can do to your credit score – specifically, when you fail to make payments on time.

Continue reading “Student loans take no prisoners, too”