College Prowler $2,000 No Essay Scholarship

Financial Aid >> Browse Articles

Browse Loans Articles

  • +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 2012-2013 academic year is $22,261 and at a four-year private school, it’s $43,289— yet ...
    Published over 5 years ago | Rated: +18
  • +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 about 4 years ago | Rated: +29
  • +24

    Guide to Financial Aid Award Letters

    Guide to Financial Aid Award Letters
    After you submit your application for financial aid, you will receive a financial aid award letter from the college(s) to which you applied, typically in early to mid-April. This letter spells out the details of your financial aid package. A financial aid package is a collection of different types of financial aid from multiple sources. It is intended to help you ...
    Published almost 2 years ago | Rated: +24
  • +21

    Shocking Student Debt Statistics

    Shocking Student Debt Statistics
    Everyone wants a slice of the American Dream and, in this modern day, going to college is essential to success. Forget the Jones’, these days Americans are finding it increasingly difficult to keep up with the very student loans they took out to help ensure future success. So, what happens when they very institution that’s supposed to safeguard your future now ...
    Published over 1 year ago | Rated: +21
  • +3

    Who Really Graduates with $100,000 or More in Student Loans?

    Who Really Graduates with $100,000 or More in Student Loans?
    Newspaper headlines suggest that many students graduate from college with hundreds of thousands of dollars in student loan debt. But is this really the case? A new report, Who Graduates College with Six-Figure Student Loan Debt?, finds that only 0.2% of undergraduate students and 6.4% of graduate students graduated with $100,000 or more in student loans in 2007-08. Far from being ...
    Published about 2 years ago | Rated: +3
  • +7

    White House Releases Model Financial Aid Award Letter "Shopping Sheet"

    White House Releases Model Financial Aid Award Letter "Shopping Sheet"
    The Obama administration revealed the final design for a standardized financial aid award letter on July 24, 2012. This one-page financial aid "shopping sheet" will provide students and their families with clear and easy to understand information about college costs and financial aid. It will enable families to compare college costs and financial aid offers side by side, helping them make ...
    Published over 2 years ago | Rated: +7
  • +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 over 4 years ago | Rated: +41
  • +23

    Going Out of State Can Cost You

    Going Out of State Can Cost You
    If she wanted to save money on tuition, Erin Patterson had to make some money quickly. As an out-of-state student at the University of Missouri-Columbia, Patterson needed to earn a certain amount on her W-2 in order to claim residency and thus lower her tuition bill. “I had no intention of becoming a resident of Missouri when I started college, but ...
    Published over 5 years ago | Rated: +23
  • +17

    Total College Debt Now Exceeds Total Credit Card Debt

    Total College Debt Now Exceeds Total Credit Card Debt
    As of June 2010, total student loan debt passed total credit card debt for the first time. According to the Federal Reserve's statistical release, G.19 Consumer Credit, the seasonally adjusted revolving credit totaled $826.5 billion as of June 2010. As much as 98% of revolving credit is credit card debt. Student loan debt outstanding totaled at least $830 billion as of ...
    Published about 4 years ago | Rated: +17
  • +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 almost 2 years ago | Rated: +21
  • +27

    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 8 months ago | Rated: +27
  • +8

    Solutions for Borrowers Who are Having Trouble Repaying Education Loans

    Solutions for Borrowers Who are Having Trouble Repaying Education Loans
    There are many options for repayment relief for borrowers who are having trouble repaying their education loans. These include deferments and forbearances that suspend the monthly payment obligation, alternate repayment plans that reduce the monthly payments by increasing the loan term, and forgiveness and discharge programs that cancel the loans entirely. Which options are appropriate for you depends in part on ...
    Published over 5 years ago | Rated: +8
  • +8

    How Does Bankruptcy Affect Eligibility for Student Financial Aid?

    How does a chapter 13 bankruptcy affect financial aid? Would it be difficult to get financial aid for my child because my husband and I filed chapter 13 about 2 years ago? — C. F. A previous bankruptcy can affect eligibility for some education loans but it does not affect eligibility for other forms of financial aid. The Bankruptcy Reform Act ...
    Published over 3 years ago | Rated: +8
  • +4

    How does bankruptcy affect PLUS loan eligibility?

    I applied for a Parent PLUS loan for my son's education starting this fall. I was turned down due to filing chapter 7 four years ago this October. They said I would not be able to get funds until October of 2010. My lawyer, who helped me file chapter 7 said that he believed this was discrimination and not allowed. Is ...
    Published about 5 years ago | Rated: +4
  • +8

    Can Parent PLUS Loans Get Income-Based Repayment and Loan Forgiveness?

    You've mentioned previously that while Parent PLUS loans are nominally eligible for public service loan forgiveness, they are not eligible for IBR or ICR, which leaves nothing left to forgive. Is there no relief for Parent PLUS loans altogether? Or, is there any way for Parent PLUS loans to qualify for loan forgiveness? — Anonymous Federal Parent PLUS loans are not ...
    Published over 1 year ago | Rated: +8
  • +2

    Loan Forgiveness Programs

    Are your student loans piling up? Depending on your future plans, you may be able to find relief. Loan forgiveness programs can help by canceling some, or all, of you debt in exchange for some type of public service. Low-income School Programs There are several federal loan forgiveness programs designed for students who become full-time teachers in elementary or secondary schools ...
    Published over 7 years ago | Rated: +2
  • +27

    Programs and Scholarships to Pay Off Student Loans

    Programs and Scholarships to Pay Off Student Loans
    If you’re like the millions of students looking for a way out of your student loans; I've got good news for you. There are alternatives but, as with most things in life, there’s a tiny catch. What's the catch? If you’re willing to do some good for the world (gasp!) and volunteer, there are plenty of programs that will be willing ...
    Published 8 months ago | Rated: +27
  • +9

    How to Pay for Grad School

    How to Pay for Grad School
    Earning a graduate degree can be a smart idea, but how do you find the funding to pay for an expensive advanced degree? There are ways to earn a graduate degree without ending up with a lot of debt. Figure Out How Much Money You'll Need First, figure out the expenses associated with getting a degree. Don't just focus on tuition ...
    Published about 6 years ago | Rated: +9
  • +24

    Financial Aid Glossary

    Academic Year: The period in which school is in session - typically September through May. Accrual Date: The date on which interest charges on an educational loan begin to accrue. Adjusted Available Income: The remaining income after taxes and a basic living allowance have been subtracted (in the Federal Methodology). Assets: Cash in checking and savings accounts, trusts, stocks, bonds, other ...
    Published almost 2 years ago | Rated: +24
  • +24

    Limit Total Student Loan Debt to Less Than $10,000 per Year to Avoid Overborrowing

    I have twin daughters going to college in the fall. The annual tab (for both girls) after scholarships will be $58,000 in loans per year for four years. We have saved $47,000 for the first year and anticipate being able to save about $12,000 per year to apply towards payments over the three remaining years. This leaves us looking for loans ...
    Published over 4 years ago | Rated: +24
Join Fastweb for FREE