Loans
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…
July 2014 Newsletter: Why 50% of Grads Rely on Parents, Making the Most Out of Summer Break & More
It’s July! We hope all of you enjoy July 4th and wish you a safe–and fun!– holiday. Worried your student may not be utilizing their free time during these relaxing summer days? This month’s Senior Scoop shares various means of productivity that will keep their mind stimulated and even nudge forward their college…
PAYE Program: Initiative to Extend Eligibility
It’s no secret that one of the biggest downfalls for students manifests itself via loan debt, which causes a litany of other issues that affect them far past their graduation date. Recently Obama’s initiative to extend the Pay As You Earn (PAYE) program, intended to alleviate some of the student loan burden, has earned a…