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  • +9

    Presidential Candidates on Student Loan Debt

    Presidential Candidates on Student Loan Debt
    We are approximately 508 days away from the next Presidential Election, but that doesn’t mean presidential hopefuls on both sides of the aisles haven’t already been vocal about on one pretty important topic to college students: student loan debt. Earlier this month, Former Secretary of State, Hillary Clinton, kicked off her campaign with a speech that hinted at her plans for ...
    Published 12 days ago | Rated: +9
  • +285

    Summer Melt: The Financial Aid Secret that Can Earn You Big Bucks

    Summer Melt: The Financial Aid Secret that Can Earn You Big Bucks
    Summertime is upon us, and you know what that means: sunshine, sandy beaches and…increasing financial aid packages? Ok, so summer and more money for college don’t exactly go hand in hand, but who’s complaining? Certainly not students. There is a little known secret in the world of college admissions and financial aid, and it’s referred to by professionals as “summer melt.” ...
    Published 21 days ago | Rated: +285
  • +18

    How to Minimize Student Loan Debt

    How to Minimize Student Loan Debt
    Try to avoid overborrowing for your college education. Do not treat loan limits as targets. A good rule of thumb is that your total education debt for your entire college education should be less than your expected starting salary after you graduate. Ideally your student loan debt should be less than half your expected starting salary. Other signs of over-borrowing include ...
    Published 25 days ago | Rated: +18
  • +18

    When Student Loans Aren't Enough

    When Student Loans Aren't Enough
    Though federal student loans, such as the Federal Stafford Loan, help many students to attend college, families often find that even the maximum loan amounts are not enough to pay for their education. For instance, the average cost of attendance at a four-year public school for the 2014-2015 academic year is $22,958 and at a four-year private school, it’s $31,231— yet ...
    Published 26 days ago | Rated: +18
  • +13

    How the Average Joe Can Pay for School

    How the Average Joe Can Pay for School
    As the cost of college is increasingly on the rise, many average, every day families are wondering how they’re going to pay the bill. Unfortunately, most families can only pay for some of the costs up front. And that means student loans become a requirement. According to The Institute for College Access and Success, nearly 70% of college students graduated with ...
    Published 27 days ago | Rated: +13
  • +19

    The Horrors of Defaulting on Education Debt

    The Horrors of Defaulting on Education Debt
    This is a cautionary tale of the consequences of defaulting on education debt, based on the experiences of seven borrowers of federal and private student loans. The stories are all true, but names and inconsequential details have been changed to protect the borrowers. Education debt is a necessary evil. Most students graduate from college with student loan debt. The bottom line ...
    Published about 1 month ago | Rated: +19
  • +13

    It’s Payback Time: Keeping Up with Your Student Loan Payments

    It’s Payback Time: Keeping Up with Your Student Loan Payments
    For the past four or five years, your student loans have been a nagging presence, but something that you’ve kept tucked away in the back of your mind – behind the essays, Blue Book exams and presentations. But now, it’s time to bring those pesky student loans to the forefront of your mind and get down to business on repaying them. ...
    Published about 1 month ago | Rated: +13
  • +177

    Top 10 Tips for Financial Aid

    Top 10 Tips for Financial Aid
    Financial aid is not easily understood, but fortunately for you, there are plenty of experts that can provide helpful tips and tricks for navigating the process. Here are just a few: Tip 1: Prioritize your efforts, starting with the federal government. Then turn to the private sector for additional assistance. Visit FinAid.org to learn about all your funding opportunities. Tip 2: ...
    Published about 1 month ago | Rated: +177
  • +7

    The Procrastinator's Guide to Financial Aid

    The Procrastinator's Guide to Financial Aid
    When it comes to financial aid, late is often too late. Funds for next year are already allotted, and your school simply has nothing more to give. But don't give up until you consider these options: Step 1: Check out your school's Web site. Many sites provide information about the school's late applicant policies, additional suggestions for late applicants and links ...
    Published about 1 month ago | Rated: +7
  • +10

    College Just Got Cheaper: Federal Loan Interest Rates Drop

    College Just Got Cheaper: Federal Loan Interest Rates Drop
    If you plan to borrow to pay for school during the 2015 – 2016 school year, there’s good news ahead. The cost to borrow just got cheaper. New Stafford loans will have an interest rate of 4.29% and will save about $117 in interest over the life of a $5,500 loan, as stated by The Washington Post. Graduate students will receive ...
    Published about 1 month ago | Rated: +10
  • +33

    9 Ways to Pay Off Student Debt

    9 Ways to Pay Off Student Debt
    Do you feel like you’re drowning in debt? Many students feel like they’re never going to get out of the debt cycle. In fact, according to an annual Project on Student Debt report released in March 2014 from the Institute for College Access & Success (TICAS), “Seven in 10 college seniors (71%) who graduated last year had student loan debt, with ...
    Published about 1 month ago | Rated: +33
  • +28

    FAFSA Deadline Approaching!

    FAFSA Deadline Approaching!
    The FAFSA – a seemingly never-ending form that seems to pry into every detail of your family’s financial history and circumstances. But if you want financial aid to help you through college, it’s the price you have to pay. Just like the form, however, the deadlines for the FAFSA can be a confusing matter as well. Every student needs to be ...
    Published about 1 month ago | Rated: +28
  • +19

    Bridge the Financial Aid Gap

    Bridge the Financial Aid Gap
    For many college-bound students the anticipation of higher education is overshadowed by financial anxieties. With tuition rising faster than financial aid dollars, more students are finding gaps in their financial aid packages. The gap appears when the student’s expected family contribution (EFC) plus the school’s financial aid package don’t equal the cost of attendance. This gap appears as unmet need on ...
    Published about 1 month ago | Rated: +19
  • +21

    Borrowing for College: How Much is Too Much?

    Borrowing for College: How Much is Too Much?
    Too much of a good thing can be bad, as Shakespeare demonstrated, and the axiom is true of student borrowing for college. Students may believe it is difficult enough worrying about the big exam next week or whom to take to the spring dance. Yet students must stretch themselves and imagine a much greater consequence, years into the future, when they ...
    Published about 1 month ago | Rated: +21
  • +8

    Choosing an Education Loan

    Choosing an Education Loan
    Most families evaluate education loans based mainly on cash flow considerations: • How much money can you get to pay for college costs and/or living expenses? • How much are the monthly payments? • When do the payments start and when do they end? • What is the total cost of the loan (total payments over the life of the loan)? ...
    Published about 1 month ago | Rated: +8
  • +14

    Guide to Student Loans

    Guide to Student Loans
    Sometimes, the hardest thing about college or graduate school is paying for it. Scholarships, grants and work-study can help, but to fill the financial aid gap, most students will need to take out loans. There are a number of loan programs available. To pick the best one for you, check out all your options: Stafford Loans Stafford Loans are low-interest loans, ...
    Published about 1 month ago | Rated: +14
  • +18

    How Can I Fill the Gap Between Financial Aid and My Ability to Pay?

    How Can I Fill the Gap Between Financial Aid and My Ability to Pay?
    I’m a soon-to-be college freshman. My tuition is close to $40,000 but financial aid only covers $19,000. My mother is a single parent making only $18,000 a year and I was wondering if there are any other options I can get besides loans that financial aid can help me with. — D.V. Something doesn’t add up. The amount of financial aid ...
    Published about 1 month ago | Rated: +18
  • +11

    How to Choose the Best Education Loans

    How to Choose the Best Education Loans
    With the new Obama tuition plan do you now have to go through FAFSA to get a loan? Is it better to take a loan out in my child’s name or take a parent PLUS loan? — Michelle A. All federal education loans are now made through the Direct Loan program. This includes federal student loans, such as the subsidized and ...
    Published about 1 month ago | Rated: +11
  • +51

    Loans 101: the Basics of Borrowing

    Loans 101: the Basics of Borrowing
    If you're a current or future college student, chances are good that you're considering a student loan. Before you make any decisions, it pays to understand the basic principles behind borrowing. All loans consist of three components: The interest rate, security component and term. The Interest Rate The interest rate is the lender's charge for the use of their money. The ...
    Published about 1 month ago | Rated: +51
  • +30

    Student Loan Glossary

    Student Loan Glossary
    To fully understand your student lending options, it's helpful to review to language used within most loan terms and agreements. After all, how can you agree to anything without knowing what the terms you're agreeing to actually mean? It certainly helps to understand some basic loan terms, many of which you'll find them scattered throughout loan materials and in conversations with ...
    Published about 1 month ago | Rated: +30
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