Student Loans

Students Get Your Free FICO Credit Score

Students Get Your Free FICO Credit Score

You heard right. “FICO”,  “credit score” and “free”. Put ’em together. What’s that spell? Well, it’s kinda jibberish but getting your FICO credit score can definitely help you student types get a head start on the road to financial freedom. Keep reading. Ok, here comes a bunch of useful info but in case you’re attention […]

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Seriously Delinquent Student Loans Are Becoming A Serious Issue

Filed in Credit, Debt, Student Loans by on December 16, 2014 0 Comments
Seriously Delinquent Student Loans Are Becoming A Serious Issue

Data from the Federal Reserve Bank shows a not so good trend in new seriously delinquent student loans. While delinquencies of other loan types are in decline, student loan delinquencies are on the rise.     A serious delinquency is defined as a loan account being 90 days or more past due. This is the […]

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May 29 is 529 College Savings Day

May 29 is 529 College Savings Day

May 29 is 529 College Savings Day (clever, no?). But what does it mean and why should you care? A 529 Plan is an investment vehicle for college savings. It’s creatively named for section 529 of the Internal Revenue Code and offers tax savings on money you set aside to pay for college for a beneficiary, such […]

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New Scholarship for UM System Transfer Students

New Scholarship for UM System Transfer Students

You saw it here first! A new scholarship for University System of Maryland transfer students has just been established via the University System of Maryland Foundation (USMF). The USMF has received a gift of $50,000 from SECU, to be awarded in the form of ten, $5,000 scholarships. In plainer speak: you can get $5 grand if […]

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Did young adults learn from the Great Recession?

Did young adults learn from the Great Recession?

The results of a Pew Research Center study published in February 2013 seem to indicate young adults learned their lesson from the Great Recession (Hey – I’m a poet and didn’t know it). Young adults – that is, households headed by someone under 35 years of age – had less debt and a lower debt-to-income ratio in 2010 […]

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