College Prowler $2000 No Essay Scholarship - Appy Now!

Financial Aid >> Browse Articles

Browse Loans Articles

  • +436

    Obama Promises to Show Students the Money

    Obama Promises to Show Students the Money
    Stephanie Stevenson’s parents always encouraged her to pursue higher education, saying it would not only make her a better person but a better citizen. Stevenson has taken this to heart by achieving high grades at the University of Maryland and plans to gain a Ph.D. in Public Policy and Urban Planning. Today, at a White House Press Conference on Higher Education, ...
    Published almost 5 years ago | Rated: +436
  • +253

    Grads to Get a Break on Student Loan Payments

    Grads to Get a Break on Student Loan Payments
    If you're struggling to make your monthly student loan payments on your measly first-job salary, you're not alone. The good news is, the government is taking notice -- and changing the game to make sure monthly payments don't cripple college grads. Even better, whatever you haven't paid off after 25 years may be forgiven. With this new option, instead of calculating ...
    Published almost 5 years ago | Rated: +253
  • +250

    Would Forgiving Student Loans Stimulate the Economy?

    Would Forgiving Student Loans Stimulate the Economy?
    Several grass-roots groups were established on Facebook in early 2009 calling for the cancellation of all student loan debt under the theory that this will stimulate the economy. Most noteworthy is the group Cancel Student Loan Debt to Stimulate the Economy (see also www.forgivestudentloandebt.com) founded by Robert Applebaum, a New York attorney. This group has grown to have more than 220,000 ...
    Published over 4 years ago | Rated: +250
  • +204

    Congress Proposes Overhaul of Federal Student Loan and Grant Programs

    Congress Proposes Overhaul of Federal Student Loan and Grant Programs
    The US House of Representatives is considering legislation to overhaul the federal education loan and grant programs. The Student Aid and Fiscal Responsibility Act of 2009, nicknamed SAFRA, will increase funding for federal student aid programs and simplify the Free Application for Federal Student Aid. These changes will implement several of President Obama's campaign promises. Switch to 100% Direct Lending Starting ...
    Published almost 5 years ago | Rated: +204
  • +165

    Top 10 Tips for Financial Aid

    Top 10 Tips for Financial Aid
    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: Learn all you can about the college financial aid process. Be sure to meet your aid administrator and establish a relationship. Tip 3: Submit the Free Application for Federal Student Aid ...
    Published almost 5 years ago | Rated: +165
  • +150

    President Obama Proposes Capping Student Loan Payments at 10% of Discretionary Income

    President Obama Proposes Capping Student Loan Payments at 10% of Discretionary Income
    President Obama proposes to cap student loan payments at 10% of discretionary income as part of a package of proposals outlined by the White House Task Force on Middle Class Families on January 25, 2010. Debt would also be forgiven after 20 years in repayment. This proposal would enhance the income-based repayment plan which was enacted by Congress as part of ...
    Published about 4 years ago | Rated: +150
  • +105

    Save Thousands on Your Student Loan Repayment. Take Action July 1st.

    Save Thousands on Your Student Loan Repayment.  Take Action July 1st.
    On July 1st, borrowers who have federal loans with a variable interest rate will be able to take advantage of some of the lowest interest rates in the history of student loan programs through loan consolidation. Borrowers who consolidate will not only save themselves a lot of hassle but a great deal of money as well. The new interest rates will ...
    Published almost 4 years ago | Rated: +105
  • +78

    Economy Causes Panic over Paying for School

    Economy Causes Panic over Paying for School
    This year more than ever, the economy is making it more difficult for families to pay for college. The number of financial aid applications is up more than 10% over last year. Lenders are suspending loan programs and tightening credit standards. Families are concerned -- really concerned -- about obtaining loans and paying for college. Add in the possibility of job ...
    Published almost 5 years ago | Rated: +78
  • +54

    Congress Passes Legislation Ending the Federally-Guaranteed Student Loan Program

    Congress Passes Legislation Ending the Federally-Guaranteed Student Loan Program
    The US House of Representatives passed the Student Aid and Fiscal Responsibility Act of 2009 (SAFRA) on September 17, 2009 by a party-line vote of 253 to 171. This legislation eliminates the federally-guaranteed student loan program and replaces it with 100% direct lending from the federal government. SAFRA uses the savings to fund an increase in the Pell Grant program among ...
    Published over 4 years ago | Rated: +54
  • +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 over 5 years ago | Rated: +51
  • +41

    How Will The Student Loan Bill Affect Students?

    How Will The Student Loan Bill Affect Students?
    The US House of Representatives approved the student loan and health care reform legislation on Sunday night, March 21, 2010, by a vote of 220 to 211. No Republicans voted in favor of the legislation. The US Senate is expected to pass the legislation within about a week. The student loan bill will end the federally-guaranteed student loan program, where banks ...
    Published about 4 years ago | Rated: +41
  • +37

    Crowdfunding for College

    Crowdfunding for College
    Crowdfunding, the latest trend in the startup craze, allows the public to view and donate to causes and projects via a public platform. Students have jumped on the bandwagon, utilizing crowdfunding resources to fund the often astronomical student loans that have accumulated. Here are some resources that students can utilize crowdfunding for debt payment, as well as manage a current financial ...
    Published 7 months ago | Rated: +37
  • +33

    Student Tips: Financial Aid

    Student Tips: Financial Aid
    We asked FastWeb members to pass along their advice on financial aid, based on their personal experiences. Here's what they said: "It is NOT your school's responsibility to keep track of your account, it's yours! If you think that something is not right about your financial aid, check it out. Even if the school's mistake seems to be favoring you, you ...
    Published almost 5 years ago | Rated: +33
  • +29

    Best Strategies for Paying off Debt Quicker

    Best Strategies for Paying off Debt Quicker
    Suppose you've made the required payments on all your loans and want to use some extra money to pay off your debt quicker. How do you choose which loan to pay off first? There are two main strategies for accelerating the repayment of debt. One involves paying down the loan with the highest after-tax interest rate first. The other, popularized by ...
    Published over 3 years ago | Rated: +29
  • +28

    The “Free” Tuition Experiment

    The “Free” Tuition Experiment
    No matter where you attend college today, costs have skyrocketed, leaving students with the impending doom of student debt for years to come. Meanwhile, public funding for education has been declining to the point of nonexistence, as far as many students are concerned. So, what can be done to combat the issue? It seems as though many are considering the recent ...
    Published 9 months ago | Rated: +28
  • +28

    Congress Proposes Allowing Private Student Loans to be Discharged in Bankruptcy

    Congress Proposes Allowing Private Student Loans to be Discharged in Bankruptcy
    Congress is proposing to allow borrowers to discharge private student loans in bankruptcy. Under current law, education loans are not dischargeable in bankruptcy except in extreme circumstances. The US Bankruptcy Code at 11 USC 523(a)(8) requires borrowers who want to get a bankruptcy discharge for their student loans to demonstrate in an adversary proceeding that repaying their student loans "would impose ...
    Published almost 4 years ago | Rated: +28
  • +27

    Bailout Yourself--Tips for College Savings

    Bailout Yourself--Tips for College Savings
    Even though the bailout bill has been passed, most Americans are still wary of future financial woes. Students are especially worried, seeing as their funding for college is tied up in private loans and may have been affected by the recent sub prime mortgage crisis. Mark Kantrowitz, a leading financial aid expert, has a few tips to help students continue to ...
    Published about 5 years ago | Rated: +27
  • +26

    How America Pays for College

    How America Pays for College
    Sallie Mae, the nation’s number one financial services company specializing in education, in conjunction with Ipsos, has released a new national study, "How America Pays for College 2013." The study’s findings were based on survey results from around 800 undergraduate students, between the ages of 18 and 24 years old and the parents of undergraduate students. According to the study, families ...
    Published 9 months ago | Rated: +26
  • +26

    Tuition Saving Tips

    Tuition Saving Tips
    Oh, tuition. Some consider it a nasty word and rightfully so. It’s expensive and can hang over a student’s head throughout college and for years to come. But there are ways to save on tuition – you just need to become savvy about it. It takes time and effort, but when you’re talking about that much money, it’s more than likely ...
    Published about 1 month ago | Rated: +26
  • +25

    "Free Money" & Taxes

    "Free Money" & Taxes
    Do you know the difference between a scholarships, grant and fellowship? Are you aware of the tax statuses of scholarships, grant and fellowship funding? It’s important to know the differences between the types of award funding, along with any government regulations applied to student award funds. Luckily, the majority of scholarships, fellowships and grants have built-in stipulations that require the funds ...
    Published 7 months ago | Rated: +25