1) Take the FAFSA. One of the first steps you should do when considering attending college is to take the Free Application For Federal Student Aid (FAFSA), which can be found online at http://www.fafsa.ed.gov/. You can also speak with the financial advisors at whichever financial institution you‘re interested in attending and they can help you fill it out, usually free of charge. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday March 22, 2013 Student Loan News: 1. Study the Details to Ace Student Loan Forgiveness: Now is nail-biting season for high school seniors as they wait for acceptance letters from colleges. And, since most kids aren't budding Nobel Prize or Heisman Trophy winners, now is also a stressful time for parents as they try to figure out the best way to finance a college education that can cost more than the family home. In most cases, covering the cost of college means cobbling together current income, savings and various types of loans like a home equity line of credit, loans made directly to students and parental loans. More Details: […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday March 15, 2013 Student Loan News: 1. Student loan debt continues to rise: Jessica Schulte has Bright Futures, grant money and two jobs, but she still has to take out about $6,000 in loans each semester. Schulte, a 22-year-old UF environmental science senior, said she has about $25,000 in loan debt. “I’m honestly scared to look at the real amount,” she said. Student debt has tripled in the past eight years, according to a new report from the New York Federal Reserve. The increase includes factors such as more people attending college, students taking longer to graduate and students attending graduate school. More info: http://www.alligator.org/news/campus/article_f2816cf4-8c55-11e2-8351-001a4bcf887a.html […]
If you’re trying to figure out how to pay for college or graduate school, you've probably wondered if there’s a limit to the amount you can take out in student loans. Technically, no. Realistically, yes. Federal loans, both subsidized and unsubsidized, have very strict limits. (Subsidized loans are need-based and proof of financial need is required; unsubsidized don’t have need requirements but your education costs must exceed the amount of financial aid awarded). […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday March 08, 2013 Student Loan News: Student News, March 6: Christina N. Moschetti, of Montville, was named to the dean’s list for the fall semester at Hofstra University. Chelsea Marone, of Boonton Twp., and Timothy Shaw, of Mountain Lakes, were named to the fall semester dean’s list at Lafayette College. Get more : http://www.northjersey.com/community/announcements/195495381_Student_News__March_6.html […]
Paying for college can be difficult for someone who isn't employed and is facing the ever increasing costs of tuition and college living. Lenders and loan consolidation companies are always looking for new ways to make it easier for students to pay off their loans, such as eliminating origination fees and cosigner release from the original debt. However, Simple Tuition is one of the few loan consolidation companies that makes it even easier for students to pay off their loans without bringing themselves closer and closer to bankruptcy. […]
Shuddering at the thought of taking out a student loan? Don't! If you've decided this may be the best course of action when financing your tuition, beware certain myths floating out there which might scare you away from making a great investment in your future. Of course, almost every product comes with a warning, and a student loan is no different: do take the time to research your loan exhaustively, and do keep in mind that although most lenders genuinely want to see you get through school, so you can succeed and pay them back, some are not as scrupulous and may not be legal. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday March 01, 2013 Student Loan News: 1. Six Weeks From Launch, “Mint For Student Loans” Contender Tuition.io Hits $250M Under Management, Lands $1M In Seed: Currently, outstanding national student loan debt is over $1 trillion, $864 billion of which is backed by ye olde federal government. According to the Center for American Progress, the majority of those loans have an interest rate higher than six percent — generally speaking, twice the average mortgage rate and is thrice the rate at which the government borrows. In the American education system, student debt is the 8,000-pound elephant in the room. […]