student loans

How to Prove Undue Hardship for Student Loans

By College Raptor StaffLast updated on April 9, 2025

Proving undue hardship for student loans is something that comes up only if you file for bankruptcy. But this should only be considered as a last resort. Filing for bankruptcy is complicated and time-consuming and it will have a damaging effect on your credit. You will most likely have to hire a bankruptcy lawyer because …

student loans

Are There No Credit Check Student Loans and Which are the Best?

By College Raptor StaffLast updated on February 25, 2025

Yes, there are no credit check student loans but they are offered only by the federal government and very few private lenders. Generally, the federal government does not conduct credit checks to assess student loan applicants. All students enrolled in accredited educational institutions across America are eligible for federal student loans. Private student loan applications …

student loans

How Many Americans Have Student Loan Debt?

By College Raptor StaffLast updated on March 24, 2025

Have you ever looked into how many Americans have student loan debt? If you’ve never checked out the numbers before, you may find the statistics below interesting. You hear a lot about student loan debt being the second highest consumer debt in the country, second only after mortgages. Although that gives you some idea of …

student loans

No-Fee, Low-Fee, And Full-Fee Lenders

By College Raptor StaffLast updated on February 25, 2025

Borrowing money is expensive regardless of whether you’re borrowing to buy a house or car or to pay for college. First of all, you pay interest on the amount that you borrow. In addition to the interest, some lenders also charge assorted fees to cover administrative costs and mitigate the risks of lending. These fees …

student loans

4 Reasons Lender Longevity Matters

By College Raptor StaffLast updated on March 6, 2025

There are several factors you need to take into consideration when looking for student loans. To start with, you’ll need to compare interest rates and fees so you can find the lowest-cost loan. You also need to look into each lender’s terms and conditions, protections, and penalties. There’s one other factor that not many people …

student loans

Can I Pay Student Loans with a Credit Card? (And 4 Good Reasons You Shouldn’t)

By College Raptor StaffLast updated on March 24, 2025

You cannot pay off federal student loans with a credit card, but you may be able to pay some private student loans with your card. Not all private lenders offer borrowers this facility.   But, and this is important, just because you can, doesn’t mean you should.  Paying student loans with a credit card may have …

student loans

What’s The Median Student Loan Debt in America?

By College Raptor StaffLast updated on March 24, 2025

With the cost of college going up every year, the median student loan debt in America is higher than ever. It is the second-highest consumer debt in the US. Here are some of the highlights of the latest statistics on student loan debt in America.  Snapshot of Total Student Loan Debt  Currently, the total student …

student loans

Can I Claim Student Loan Interest Deduction?

By College Raptor StaffLast updated on March 24, 2025

You may be eligible to claim a student loan interest deduction if you took out student loans to cover educational expenses. This tax break allows eligible borrowers to deduct up to $2,500 paid interest from their annual taxable income.  What Is Student Loan Interest Deduction? Student loan interest refers to the interest you’ve paid on …

student loans

8 Tips for Managing Your Student Loan Debt

By College Raptor StaffLast updated on July 7, 2025

Key Takeaways: To stay on top of student loan debt, first understand your debt and track the loans’ terms and your progress with a spreadsheet. Some types of repayment options, such as income-driven repayment plans, can make monthly payments more manageable. Develop healthy financial habits that help you create a budget, avoid late payments, and …

student loans

Is There a Statute of Limitations on Private Student Loans?

By College Raptor StaffLast updated on February 27, 2025

Yes, there is a statute of limitations on private student loans. Once this statute of limitations is reached, a creditor can no longer sue you. It’s important to know that this time limit applies ONLY to private student loans. Federal student loans are not subject to applies of limitations. The federal government can take steps …