finance

A College Student’s Guide to Credit Cards

A College Student’s Guide to Credit Cards

BY: Savanna Pruitt According to the U.S. Government Accountability Office, “​​one-third of students had credit cards before they entered college, and another 46 percent acquired them during the first year.” Unfortunately, lots of college students get credit cards without knowing the proper way to use them and end up in financial trouble. If you’re a college student, here are a few basics you need to be aware of if you’re planning on using a credit card.  1. Don’t sign up for a credit card for the free swag. It can be tempting to fill out a quick credit application form…
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Do You Really Have to Pay Back Your Federal Student Loans?

Do You Really Have to Pay Back Your Federal Student Loans?

BY: Savanna Pruitt According to the Education Data Initiative, federal ​​student loan debt in the United States currently adds up to a staggering $1.611 trillion. Let’s break that down: Over 40 million Americans have federal student loan debt averaging about $37,000.  Federal Student Aid reports that, regardless of whether they’ve secured employment post-graduation or not, federal student loan borrowers usually need to start paying back their loans six months after they graduate, drop below half-time enrollment, or leave school. There are a few types of loans such as the Perkins Loan that come with nine-month grace periods. However, there are…
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