loan
A Guide to Stafford Loans
Stafford loans, repayments, need-based aid, dependent status… Do these make your head spin? College finances can be a sticky–and confusing–endeavor. Fear not: We’ll take out the scary parts of the biggest federal loan available: subsidized and unsubsidized Stafford loans. Traditionally, these are two most common forms of federal student loans made available to undergraduate students. Colleges…
May 2016 Newsletter: Here’s to the Class of 2020 … What’s Next?
Happy May! May 1st was the deadline for seniors for most college decisions. Congratulations to all those students who’ve made their choice! Your next step is to build your college funding plan. For many families, that will include some loans. This month’s Featured Find is an interesting perspective about ways to give colleges accountability for student loans awarded to their…
Financial Aid Awards: Can You Spot the Differences?
Seniors: Your applications are complete. Admission and financial aid offers are starting to come in. It can be confusing to decipher exactly what portion of the awards are free and which come with a cost. On average private colleges discount 46% of college tuition for first-year applicants. Wow, it sounds like a decent chunk of…
2 Kinds of Debt Often Linked with Student Loans
Ask most adults what ranks as their #1 worry and they’ll most likely point to money and, subsequently, debt. Numbers don’t lie, and they’re pretty alarming; consumers racked up $2.4 trillion in debt in 2010. Not two billion, but trillion. From credit cards to mortgages, debt typically intertwines as the norm from the moment you…
Staying on Top of Your Student Loans: 3 Common Habits & Solutions
You’ve taken the big step of borrowing student loan money. While you’ve conquered one hurdle, the next challenges will arise in how you handle your loan situation throughout your college years. Avoid these 3 habits and keep our suggestions in mind to break bad habits—with student loans and in life! Keeping Tabs of Your Debt…
The Student Loan Fairness Act
Last week, we discussed why critics say student loan forgiveness won’t work. This week we take a look at The Student Loan Fairness Act. April 25th marked the one-year anniversary of student debt hitting one trillion dollars. Today, more than 1 in 3 borrowers of student loans are over 90 days delinquent, according to a…