Given the high cost of tuition these days, students commonly combine several kinds of federal-only or federal-and-private loans to come up with a way to cover all of their educational costs. Since interest rates are the lowest they’ve been in decades, it could be a smart move for a student, parent or recent graduate to consolidate all of his or her loans for the lowest rates. […]
Introduction: The economic recovery, what exactly is it? Some would say the ability for the country to rebound after a major downturn in the financial markets. Others would simply say the ability for me to purchase a new home for my family. The term definitely has different meaning for different people. Today, we’ll speak about the impact student loans has on the economic recovery and how we think students have been affected by them. […]
With so many lending companies out there competing for your business, it's easy to fall into a false sense of security about the requirements of getting a loan. Frequently prospective students are inundated with advertisements of money that sound like they’re giving it away for free. If only this were true! Loan candidates should always remember that with few exceptions (like some federal loans); even the least restrictive program will look at that same set of credit criteria for student loans. […]
In recent years, there has been a great deal of information directed at young people about how to avoid racking up credit card debt and other kinds of debt before you hit the working world. This is truly sage advice, although if you’re thinking about heading into undergraduate, graduate or professional school, you may have no credit history with which your creditworthiness can be judged! […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday July 26, 2013 Student Loan News: 1. Senate passes student loan deal: The Senate passed legislation Wednesday that would make it less expensive for college students to borrow money to pay for classes, housing and books. But interest rates could soon start climbing. The proposal, that passed by 81 votes to 18, would link interest rates on federal student loans to the financial markets. That means student loans for the next few years would have lower interest rates. Higher rates would come in later years if the economy improves as expected. […]
A great majority of student loans come from private sources. If you hear about a student having to pay off student loan payments after he or she graduates, the loan is likely from a private source. The federal government has reliable loan programs in place for students in need, but these loans often fall short of all college expenses. As a result, students look to private student loans to fill the gap. […]
College, one of the most important moves you can make in your life. It can also be one of the most expensive moves if you’re not careful. So, how do people usually pay for college? The most common methods include loans and grants. However, loans and grants are not the only options for aspiring students. Today, I’ll detail some methods to ensure you graduate college without taking on debt. Many have done this before and if you’re wise, you can do it too. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday July 19, 2013 Student Loan News: 1. Senators Reach Deal on Student Loans: Senators are ready to offer students a better deal on their college loans this fall, but future classes could see higher interest rates. The Senate could vote as early as Thursday on a bipartisan compromise that heads off a costly increase for returning students. The compromise could be a good deal for students through the 2015 academic year, but then interest rates are expected to climb above where they were when students left campus this spring. […]
If you're looking for ways to finance your graduate or undergraduate education, it pays to shop around for student loans. There are so many different kinds available to everyone in various situations – there's no excuse for paying too much money or getting the wrong loan! The best place to start is with Federal loans. Almost all students are eligible to receive some form of Federal aid, regardless of credit rating or their family’s financial circumstances. The loan amounts can be fairly modest, but they are invaluable for supplementing grants, scholarships or contributions made by another party or your own wallet. And, they offer a grace period of six months after graduation in most cases, and sometimes loans without interest accrual during school can be made to those with greater financial needs. […]