If you have loans through the Federal Family Education Loan (FFEL) Program and need to make lower monthly payments, the income-sensitive repayment plan could be your best option. This plan is available to the following federal student loans: Subsidized and Unsubsidized Federal Stafford Loans FFEL PLUS Loans FFEL Consolidation Loans […]
The Public Service Loan Forgiveness act (PSLF) has existed for some time. President Obama has make higher education an important part of his agenda. He believes that education is a key ingredient in America’s future success. He has proposed several initiatives geared toward improving the quality of education in America and making college more affordable. One of his key plays include a massive expansion of the PSLF act. […]
It is easy to apply for loans while you’re in school, but once you graduate, repayment can be complicated, especially if you borrowed from multiple lenders. Loan consolidation can help make paying back loans a little easier. When you consolidate student loans, your new lender buys all of the loans you got from other institutions and combines them into one. Here are five items to keep in mind if you’re considering consolidating your private student loans. […]
A grant differs from a loan in one basic way: it’s free money given to you because you fall into a certain category, have earned it through work, or someone wants to support you in your work. A grant is most often awarded based on financial need and other factors. Grants are based on need, merit, field/work specific, athletics, housing, minority based, educational, or goal-based. There are tons of grants out there you can look at to use to pay off your loan. […]
Freshman year is full of new experiences. Learning the ropes and adapting to a new set of social and academic rules and customs can be a bit daunting. Fortunately there is a lot of advice and guidance available. Academic Blogs College Thrive – One thing you can count on, you will write and write and write. This blog offers excellent writing guidance. The blog covers everything from freshman papers to speech writing to dissertations. The blog also offers study and research guidelines. […]
As tuition costs continue to rise, parents face an increasingly difficult dilemma regarding their children’s college education: should they pay for their children to attend post-secondary studies, and if so, how much is appropriate? Before signing any checks or agreements, parents should consider their own futures. Retirement may seem far away, but resist the urge to take funds out of your long-term savings. Even if borrowing money seems risky, there are loans designed for students to attend college. It is extremely unlikely that a bank will lend you money to retire because the likelihood of repayment is relatively low. Additionally, money taken out of a retirement fund can be considered taxable income. Since it’s viewed as additional income, your family’s eligibility for financial aid can be drastically affected the following year. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday December 13, 2013 Student Loan News: 1. Federal Budget Deal Could Hit Student Loan Servicers: A federal budget deal was struck Tuesday night that is expected to prevent another government shutdown next year—and have an impact on student loans. […]
Get your student loan paid off faster by knowing how loans work and by using these simple tricks: In order to make money (which is, after the purpose for being in business), lenders charge interest on the amount you borrow, called the principal. The principal plus the interest is the total amount of the loan. The longer you have the principal on the books, the more interest you pay, so you are on a merry-go-round for quite some time. […]
MyFedLoan.org: The federal government is the lender, but federal loans have servicers as go-betweens between the government and you, the student. FedLoan is one of those servicers. These types of services make the borrowing process much less confusing. Their website is excellent and easy to navigate. It is painless to view your account balance, summary, and other details. You can make payments quickly and easily online, as well as set up payments in advance and view your payment history. […]