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Over 65% of  college seniors graduate with some debt. On average that debt is close to $20,000.

There are several ways to deal with this debt:

• Build a solid budget of expenses and see how much you can allot to the repayment of your student loan; make sure to do it regularly!
• Pay more than the minimum amount due on your student loan debt
• As you progress in your career and earn more money, tweak your budget to focus even more cash towards your student loan
• If you get any bonuses at work, use part for pleasure and part to make extra loan payments
• Utilize automatic bill-pay in order to insure that your student loan debt repayment is a top priority and that your payments are always made on time
• If you end up with multiple student loan debt, consolidate your loans and refinance at a lower interest rate as it will be easier to manage one payment with one deadline
• Do not add any additional debt; try to reduce credit card usage and pay the balance off in full when you can

Debt often takes a period of time to accrue and even longer to eliminate. But if you neglect it, it will stay with you for ages; don’t let it happen!

Though the banking industry has made it clear to American individuals and businesses that the recession has made lending much tighter, it seems there is no shortage of funds when it comes to issuing money to payday loan companies. This is according to a new report released on Tuesday by community group National People’s Action and watchdog group Public Accountability Initiative.

Payday Loan Industry Backed by Nation’s Largest Banks

Colleges have been getting a bad rap during the last few years of the recession. Sure, graduating from a university is an achievement everyone should be proud of. Burning the midnight oil, pouring sweat, tears and the occasional blood create memories that are priceless. What isn’t priceless, though, is the skyrocketing tuition and student loan debt that many students are stuck with after graduation. That is, except for some public service workers. Let’s not even get into college graduates who are looking for credit card debt forgiveness.

While all schools promise a rewarding educational experience that lasts you a lifetime, they hardly ever mention the student loans that probably cling onto you for just as long. Many college graduates end up so burdened under this debt that it affects other important aspects of their personal lives as well.

Whether it’s a new car or your first home, obtaining a loan isn’t always easy. The affordability of your loan interest rates greatly depend on your credit, which determines how high or low the interest rates you receive will be. The better your credit, the lower your rates and vice versa.

Prime Lending Interest Rate Definition

The private, nonprofit colleges found in California and 11 other states have launched a new web tool designed to help students find private student loans to pay for school. Now that lenders are offering fewer private loans than ever, students need assistance shopping for financial aid through banks and credit unions, and the site intends to help.

The Student Loan Marketplace

Personal loans are a great tool for consumers to finance unexpected expenses like car repairs or large tax bills. However, your credit history isn’t great, but you need a personal loan and you’re afraid you’re going to get rejected when you apply for one. Years ago you made a poor business decision that resulted in having to declare bankruptcy, and although you have been working diligently to regain ground, you still have bad credit.

Although your bad credit is against you, don’t fret. There is a possibility of securing a personal loan even with a bad credit history. Many personal loans are offered on an unsecured basis. With unsecured loans borrowers do not need to offer collateral to secure the loan. In theory, lenders are providing the borrowers with money in good faith. Since these loans don’t always check the borrower’s full credit history, you may be able to secure a small amount. Unsecured loans charge higher than average interest rates since they are a bigger risk to the lender.

When it comes to finding the right personal loan, the bottom line for most people is going to be a favorable low interest rate. However, individual circumstances vary: Sometimes a person will need a loan sooner than a traditional lender can provide it, only need the loan for a brief period of time or they don’t have the credit history necessary to qualify for the best personal loan interest rates.

As a result, different lending options have emerged that cater to different circumstances and each will offer different interest rates. Read on to get an idea of how these different personal loan lenders compare.

If an unexpected or emergency expense is making you panic, a small personal loan may be the perfect thing to get you over the cash hump. Personal loans are generally:

• Unsecured, meaning collateral isn’t needed (although secured loans are available)
• Simple to apply for and easy to obtain approval
• Once the process is completed, individuals will have their money very quickly

Identity theft. You’re hearing the words more and more, on TV and especially online. And there’s good reason. Identity theft is among the largest growing crimes in the world, and it costs consumers millions per year. Here are some facts about identity theft and how you can prevent it from happening to you.

Don’t miss out on all the info. Check out the fullsize graphic.

A report from MSN Money and the Wall Street Journal has revealed student loan debt has managed to surpass that of credit cards, which is thought to be because more people are paying down their credit cards while incurring more student loan debt than before.

According to the report, FinAid.org found that student loan debt was estimated at $829.785 billion while FastWeb.com estimated credit card debt to be $826.5 billion. The amount of student loan debt has significantly increased since the recession, but was said to have already increased a lot as the cost of higher education rose dramatically over the years (MSN Money).