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Choosing a Student Loan: Public vs. Private

Choosing a Student Loan: Public vs. Private

What drives students to choose private loans over federal -- and is it right for you?

By Kathryn Knight Randolph
Published May 1, 2014
Prepare to Pay Even More for School

Prepare to Pay Even More for School

The current interest rate is 3.4 percent and, starting the first of July, would double for more than seven million students.

Elizabeth Hoyt
Published May 29, 2013
Student Loan Glossary

Student Loan Glossary

Everything you need to know about student loans.

Published May 12, 2015
Government Report Reviews Private Student Loans and Recommends Statutory Changes

Government Report Reviews Private Student Loans and Recommends Statutory Changes

The Consumer Financial Protection Bureau (CFPB) and the US Department of Education released a report to Congress about private student loans on July 20, 2012 as mandated by section 1077 of ...

Mark Kantrowitz
Published July 19, 2012
PLUS Loans: A Loan Just for Parents (and Grad Students Too)

PLUS Loans: A Loan Just for Parents (and Grad Students Too)

Parents of college students face added financial pressure. The federal Parent Loan for Undergraduate Students (PLUS) loan can alleviate some of that pressure. The PLUS is a loan for parents and ...

By Bridget Kulla
Published June 8, 2007
President Obama Proposes Student Aid Increases in State of the Union Address

President Obama Proposes Student Aid Increases in State of the Union Address

In the state of the union address on Tuesday, January 24, 2012, President Obama proposed several increases in student aid spending. The first two proposals call for Congress to extend existing ...

Published January 24, 2012
How the Average Joe Can Pay for School

How the Average Joe Can Pay for School

Don't be a confused college student.

By Kathryn Knight Randolph
Published April 28, 2016
A Prospective Student is Ineligible for Financial Aid Because of a Student Loan Default

A Prospective Student is Ineligible for Financial Aid Because of a Student Loan Default

I gave college a shot when I was 18 and dropped out due to major health problems. Student loans obviously did not disappear because of this and I have been struggling ...

Mark Kantrowitz
Published August 1, 2011
Tax Breaks for Student Loans

Tax Breaks for Student Loans

Good news! The interest you pay on your student loan might let you pay less on your taxes. Thanks to the Taxpayer Relief Act of 1997, tax time will be a ...

By Roxana Hadad
Published September 5, 2007
To Cosign or Not To Cosign, That is the Question

To Cosign or Not To Cosign, That is the Question

My nephew has asked me to cosign a private student loan for college. He's on his own since he lives independently from his mother, his parents are divorced, and his father ...

Mark Kantrowitz
Published June 28, 2010
Is a 3.75% Cash-Out Refinance on a Mortgage Better than Federal Student Loans?

Is a 3.75% Cash-Out Refinance on a Mortgage Better than Federal Student Loans?

I have daughter who will be attending college in the fall of 2013 (and a son in 2017). For various reasons, our savings are not sufficient to pay for college given ...

Mark Kantrowitz
Published July 16, 2012
Is Your Financial Aid a Victim of the Recession?

Is Your Financial Aid a Victim of the Recession?

The economy will affect your financial aid--find out how.

By Lauren Bayne Anderson
Published April 21, 2009
Will a Parent PLUS Loan be Denied When Applying for Two Loans for Two Children?

Will a Parent PLUS Loan be Denied When Applying for Two Loans for Two Children?

I am applying for two Parent PLUS loans because I have twins going to school at the same time. Is it possible one loan will be denied because we are applying ...

Mark Kantrowitz
Published August 13, 2012
Defaulting on Student Loans

Defaulting on Student Loans

Missing payments on your student loan has serious consequences. If you're making monthly payments and you're 270 days delinquent, or 330 days delinquent if you pay less often than monthly, then ...

By Elisa Kronish
Published September 4, 2008
Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

I am divorced and the custodial parent of two children who live with me. Both kids have Coverdell Education Savings Accounts. My soon-to-be college student daughter's Coverdell lists her father (my ...

Mark Kantrowitz
Published February 22, 2010
How to Choose the Best Education Loans

How to Choose the Best Education Loans

Know your student loan options before you borrow.

Mark Kantrowitz
Published April 30, 2010
What are the Downsides to Using Home Equity to Refinance Student Loan Debt?

What are the Downsides to Using Home Equity to Refinance Student Loan Debt?

I have almost $200K in student loan debt at interest rates from 6.5% to 8.5%. My parents are offering to take on $70K of my debt that's at 8.5% by way ...

Mark Kantrowitz
Published October 22, 2012
Will the New Rate Cut Affect Your Student Loan?

Will the New Rate Cut Affect Your Student Loan?

The federal government's newest rate cut could have an impact on some student loans. Learn how it could affect your student loans below. Q: How do I know whether this rate ...

By Chris Diehl
Published June 8, 2007
Student Loan Debt Clock Reaches $1 Trillion

Student Loan Debt Clock Reaches $1 Trillion

The student loan debt clock reached the $1 trillion milestone at about 6:40 am ET on Tuesday, May 8, 2012. Although the student loan debt clock is for entertainment purposes only, ...

Mark Kantrowitz
Published May 8, 2012
Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

Borrowers who have had a bankruptcy discharge in the last five years are generally not eligible for the Federal PLUS loan. They remain eligible, however, for Federal Stafford, Federal Perkins and ...

Mark Kantrowitz
Published February 16, 2012