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Articles about or concerning Student Loans, College Student Loans, Private Student Loans, Federal Stafford, Private Loans, Deferment, Financial Aid, Sallie Mae Student Loans, Bad Credit Student Loans.
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Navigating Your Personal Finances - Money For Students In College

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 Carrie Westengate (August 07, 2012)  When thinking about money for students in college, too many people fall into the trap of buying something now and worrying about it later. To help you manage your finances better you should not spend more money than you are bringing in. In other words, do not put money on your credit cards, if you cannot afford to pay it back right away. The following article offers great money managing . (Student Loans)

Tips To Make Your Tuition Payments Easier So You Can Eat!

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 Carrie Westengate (May 30, 2012)  Money for college is on the list for the most steadily increasing expenses in the country. It seems that the more the government subsidizes education, the more tuition costs increase. However, they don't seem to notice this correlation. Basically, if you need to save money on your tuition fees, make sure you are prepared. One way to make sure you can fund your way without having to pay .. (Student Loans)

Financial Tips for the College Graduate

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 Carrie Westengate (May 05, 2012)  So, you have recently graduated from college. This is a huge achievement and good reason to be proud. If you are lucky or pre-planned (very wise), you could already have a job lined up or just intend hanging back to wait for the right offer. In any case, it is important to consider the state of your finances and how to make your money last while you get your career going. Some of the .. (Student Loans)

Money For Students In College And Finding It

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 Carrie Westengate (November 23, 2011)  Are you considering higher education to improve your prospects but worried about how to fund it? Well, extra money for students in college is available, some of which does not need to be repaid, but you need to know a few basics first. The primary one being that once you have made the decision on where to go, you should apply very rapidly for any financing. Cash is scarce these days, .. (Student Loans)

Reliable Financial Aid Calculator Is Right For You

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 Vick Condecion (July 04, 2011)  Planning for college can be costly, and it is definitely no simple task, so it is important to use a financial calculator. When you begin saving for your child's education and balancing a variety of costs, then consider a financial calculator, it is going to be perfect for you. A college education can get you ahead in life, but it can also clean out your bank account. Depending on the .. (Student Loans)

Direct Student Loan: The Best For College Goals

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 Vick Condecion (July 03, 2011)  A direct student loan can help you achieve your college goals. College is very expensive. There used to be a time when you did not have to go to college to have a good job, but that time has passed. In order to get a decent job that pays good money, you must have training. In order to get the training you need, you need college. However, many people cannot simply hand over the high .. (Student Loans)

Taming Student Loan Debt With Prepayments

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 Jeff Mictabor (April 13, 2011)  Today, two-thirds of college students leave school with at least some debt from college loans. The average debt is approaching $25,000, a figure that includes not just the original amounts borrowed but, for most students, accumulated interest as well. For students who hold government-issued federal student loans, repayment on those loans won’t begin until six months after .. (Student Loans)

Community Colleges and the Dangers of Student Loan Debt

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 Jeff Mictabor (April 07, 2011)  For high school students who are on the hunt for ways to reduce the cost of a college education, your local community college may look like a way to keep your expenses down and avoid the crush of debt from school loans. In fact, many financial advisers recommend that, if you’re a cost-conscious student, you complete your first two years at a community college before transferring .. (Student Loans)

Student Loan Debt Collections Come Up Short

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 Jeff Mictabor (April 01, 2011)  The U. S. Department of Education is reporting that its current student loan debt collection contract produced more revenue in the first 15 months of operation than the previous debt collection contract did for the same period of time, but debt collection revenues are still below the department’s projections. According to figures released by the Education Department, 23 debt .. (Student Loans)

New Report Goes Beyond Defaults, Examining Student Loan Delinquencies

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 Jeff Mictabor (March 29, 2011)  A new report issued by the Institute for Higher Education Policy examines the issue of delinquency — late payments — as a factor in student loan defaults. Researchers at IHEP analyzed a broad range of data from borrowers whose federal student loans entered repayment between Oct. 1, 2004, and Sept. 30, 2009, looking specifically at delinquencies and defaults over this .. (Student Loans)

In Calif., Using Student Loan Defaults to Limit College Grants

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 Jeff Mictabor (March 28, 2011)  The state of California is taking a page from the U. S. Department of Education’s playbook. In an effort to trim a nearly $27 billion budget deficit, lawmakers are exploring the possibility of limiting payouts from the state’s Cal Grant college student financial aid program based on a school’s student loan default rate. Cal Grants are state-funded grants that provide .. (Student Loans)

Tenn. Community College May Cut Federal Student Loans

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 Jeff Mictabor (March 22, 2011)  Nashville State Community College is weighing the decision to eliminate federal student loans from its financial aid programs. The school is assessing the number of its students who have defaulted on their federal student loans and believes it may be in a better position to preserve other types of federal financial aid if it exits the student loan program. Schools whose students .. (Student Loans)

Keeping Tabs on Your Federal Student Loans: Using the NSLDS

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 Jeff Mictabor (March 19, 2011)  For the majority of students, college loans are part of the reality of higher education. Two-thirds of bachelor’s degree students who graduated in 2007–08 left college with debt from school loans, and their average student loan debt load was $23,186, according to FinAid.org. Keeping track of student loan data has taken on added significance as college students have .. (Student Loans)

Paying for College: Using Employment Prospects to Drive Decisions

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 Jeff Mictabor (March 15, 2011)  For college students who are approaching graduation, the employment picture may be looking slightly better than it has in the past couple of years, as the country slowly recovers from the Great Recession. This recovery doesn’t mean, however, that job prospects are rosy; it just means that new graduates are being less particular about the job offers they accept. For college .. (Student Loans)

6 Keys to Minimizing Student Loan Debt

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 Jeff Mictabor (March 15, 2011)  If you’re a senior in high school who’s planning for college but you haven’t yet picked your school, you’re in the sweet spot. The decisions you make in the coming months will define your life in more ways than you can imagine. Your choice of college and major could allow you to enjoy life after graduation relatively unburdened by debt from student loans, or you . (Student Loans)

N.C. Community Colleges Lobby Against Federal Student Loans

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 Jeff Mictabor (March 09, 2011)  The presidents of 38 North Carolina community colleges have come together to oppose a new state law that requires them to offer federal student loans to their student bodies beginning July 1, 2011. As written, the law would make community college participation in the federal student loan program mandatory. The non-participating community colleges say that they are afraid of losing all .. (Student Loans)

Are Student Loans Still a Good Bet?

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 Jeff Mictabor (March 04, 2011)  In the mid- and late-1960s, there was no doubt among U. S. public policy makers that the federal government should be encouraging more citizens to attend and graduate from college. Bolstered by the success of the highly popular GI Bill, which paid college expenses for military veterans, federal student loans were hailed as a “GI Bill for all Americans. ” These low-interest .. (Student Loans)

Consumer Law Report Blasts For-Profit Colleges for Private-Label Student Loans

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 Jeff Mictabor (March 03, 2011)  A new report issued in January by the National Consumer Law Center accuses for-profit colleges of saddling their students with unregulated private-label student loans that force these students into high interest rates, excessive debt, and predatory lending terms that make it difficult for these students to succeed. The report, entitled “Piling It On: The Growth of Proprietary .. (Student Loans)

Minn. Survey Shows Impact of Recession on Student Loan Debt

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 Jeff Mictabor (March 03, 2011)  The Minnesota State University Student Association has released the results of a survey it issued in September 2010 to help assess the impact of student loan debt on its members. Because the survey’s number of responses is small — just 46 responses to date — the results don’t hold tremendous scientific value, but they do paint a picture of how the recession has .. (Student Loans)

Paying for College: Student Loans or Credit Cards?

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 Jeff Mictabor (February 22, 2011)  Research conducted by student loan company Sallie Mae shows that in 2010, about 5 percent of college students paid an average of more than $2,000 in tuition and other educational expenses using a credit card to avoid taking out student loans. The same study showed that 6 percent of parents used credit cards to pay an average of nearly $5,000 in educational expenses for their college .. (Student Loans)

Paying for College Without Using Student Loans

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 Jeff Mictabor (February 19, 2011)  Paying for college can be tricky, especially when the cost of a college education is far outstripping the rate of inflation. About two-thirds of today’s college students take out student loans of some sort, and their average student loan debt load at graduation is over $23,000, according to FinAid.org. These college loans can include government-issued federal student loans, .. (Student Loans)

Student Loan Default Rates on the Rise

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 Jeff Mictabor (February 16, 2011)  Updated statistics released by the U. S. Department of Education show that student loan defaults are rising. According to the latest figures, the default rate for federal student loans that entered repayment in 2008 is 13.8 percent, up 2 percent from the default rate for federal student loans that entered repayment in 2007. The current official national student loan default rate, .. (Student Loans)

Study: Student Loan Worries Affect New College Students’ Mental Health

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 Jeff Mictabor (February 14, 2011)  Researchers at the Higher Education Research Institute at the University of California in Los Angeles say that worries about student loans are having a measurable negative impact on the mental health of first-year college students. The latest results, from the fall of 2010, of the long-standing annual study “The American Freshman: National Norms” show that the overall .. (Student Loans)

Getting Through College Without Student Loans

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 Jeff Mictabor (February 09, 2011)  According to statistics compiled by the U. S. Department of Education, two-thirds of college students today leave their alma mater with debt from student loans, and the average student loan debt amount among these graduates is a startling $23,186. These student debt numbers go hand in hand with reports from the College Board that four-year public colleges and universities now charge, .. (Student Loans)

Vt. Nonprofit Lender Mulls Life After End of Student Loan Program

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 Jeff Mictabor (February 07, 2011)  The Vermont Student Assistance Corporation (VSAC) was established in 1965 as a public nonprofit agency designed to oversee the issuing of federal education loans to Vermont students. But with the sweeping reforms to the federal student loan program that were passed in 2009, bundled in with the national health care reform bill, VSAC and agencies like it were stripped of their ability to .. (Student Loans)

Too Much Student Loan Debt? License to Work DENIED.

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 Jeff Mictabor (February 02, 2011)  On January 11, the Ohio Supreme Court ruled that one unlucky law school graduate is carrying too much student loan debt to be allowed to hold a license to practice law in the state. Hassan Jonathan Griffin, the subject of the ruling, graduated from Ohio State University’s Moritz School of Law in 2008 after working as a stockbroker in Arizona for five years. While in law school, .. (Student Loans)

Does Parents’ Divorce Translate Into More Student Loan Debt?

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 Jeff Mictabor (January 26, 2011)  A study conducted by researchers at Rice University and the University of Wisconsin and published in the December 2010 issue of the Journal of Family Issues concludes that college students whose parents are divorced or remarried receive less financial support from their parents than do students who remain married to each other. The study, which examined 2,400 dependent undergraduate .. (Student Loans)

Government’s PLUS Program Offers More Than Parent Loans

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 Jeff Mictabor (January 21, 2011)  Although most undergraduate students must provide their parents’ financial information when applying for federal financial aid for college, not all parents may want or be able to help their children pay for college. Colleges and universities, however, typically do expect parents to make some financial contribution to their dependent children’s college costs. When applying .. (Student Loans)

Paying for College: 5 Tips for Minimizing Student Loan Debt

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 Jeff Mictabor (January 18, 2011)  If you plan to attend college at some point in your life, you should have a plan to keep your student loan debt to a minimum. Knowing how you’ll be paying for college before you head off to campus can be the key to getting the degree you want or attending your first-choice school without committing yourself to 10 years or more of debt from student loans. 1) Savings and .. (Student Loans)

Meeting Your College Expected Family Contribution

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 Jeff Mictabor (January 11, 2011)  With the financial aid season in full swing, a lot of families are becoming anxious about the expected family contribution (EFC), which is the amount of money you and your family will be expected to pay for you to attend the college of your choice. The EFC is determined by the information you submit on your college financial aid application and can be met through a variety of sources, .. (Student Loans)

The Hunt for Student Loans, Grants, and Scholarships Begins

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 Jeff Mictabor (January 07, 2011)  If you plan to attend college for the first time in 2011 or have a family member who will, you’re about to embark on student financial aid season. If you’re looking for money for college and want to apply for financial assistance, your first stop should be the Free Application for Federal Student Aid, also known as the FAFSA. All federal student loans, federal grants, and .. (Student Loans)

Employment Outlook: Do Student Loans Make Sense?

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 Jeff Mictabor (January 05, 2011)  A new report by the Center for College Affordability and Productivity suggests that more than one-third of people who graduated from college during a recent 16-year period are underemployed and that the government policy of encouraging college attendance by providing federal grants, student loans, and other federally funded student aid, is contributing negatively to the U. S. economy. .. (Student Loans)

Florida College Must Repay Over $3M in Wrongly Awarded Financial Aid

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 Jeff Mictabor (December 28, 2010)  The State College of Florida has a student loan debt problem of its own. SCF must repay the U. S. Department of Education more than $3 million in federal student loans and grants that it mistakenly awarded to nearly 2,000 students during the 2008–09 school year. During a routine review, auditors discovered that the college had awarded about $7 million in government-funded federal . (Student Loans)

Iowa Student Loan Grant Program Will Assist First-Year Teachers

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 Jeff Mictabor (December 21, 2010)  A new grant program from Iowa Student Loan will provide $2,000 cash grants to first-year teachers in Iowa who accept assignments in certain “shortage areas, ” as designated by the state Department of Education. The $2,000 one-time awards are not student loans and do not have to be repaid. The grant program, which is expected to continue annually, will be funded from Iowa .. (Student Loans)

Credit Unions Challenge Big Banks for Private Student Loans

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 Jeff Mictabor (December 14, 2010)  Big banks that offer private-label college loans are facing new competition from credit unions that are looking to issue their own private student loans. Credit unions, in increasing numbers, are developing partnerships with private student loan companies like Sallie Mae and Credit Union Student Choice to deliver private student loan products to credit union members. In one such .. (Student Loans)

Health Workers to Get Help With Student Loan Debt

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 Jeff Mictabor (December 10, 2010)  Through the NHSC student loan repayment program, you can receive up to $60,000 toward the balance on your student loans if you successfully complete the program’s two-year service requirement. Two-year half-time commitments are also being sought, in exchange for $30,000 in student loan debt reduction. Clinicians willing to make a five-year commitment to the program can receive up . (Student Loans)

New Regulations Could Tie Student Loans to Post-Graduation Employment

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 Jeff Mictabor (December 07, 2010)  The U. S. Department of Education is considering a new regulation that would tie a school’s ability to offer federal grants and college loans to proof that its alumni can find gainful employment after graduation. Colleges and universities that cannot demonstrate that their graduates are “gainfully” employable — earning enough after graduation to be able to make .. (Student Loans)

Report: College Students Relying More on Student Loans

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 Jeff Mictabor (December 03, 2010)  A new report by the Pew Research Center shows that reliance upon student loans among college students increased dramatically between 1996 and 2008. The survey, analyzing data collected by the U. S. Department of Education for the quadrennial National Postsecondary Student Aid Study, examined borrowing trends among graduates in the class of 2008 and made comparisons using .. (Student Loans)

Graduate’s $200,000 Student Loan Debt Spurs New Website

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 Jeff Mictabor (November 30, 2010)  Kelli Space is just 23 years old and is already $200,000 in debt. The Northeastern University graduate figures that without help, she’ll never be able to repay the nearly $190,000 in private student loans she owes to non-governmental private student loan companies and the additional $12,000 in federal student loans she owes to the U. S. Department of Education. Space says .. (Student Loans)

Obama Commission Recommends End to Subsidized Student Loans

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 Jeff Mictabor (November 19, 2010)  The National Commission on Fiscal Responsibility and Reform has issued a report that recommends the elimination of subsidized federal student loans in order to reduce federal spending. The recommendation is one of 50 that the bipartisan panel, which was created by President Obama and charged with finding ways to reduce the federal deficit, brought forward. Federal subsidized student .. (Student Loans)

Private Student Loans Set to Stage a Major Comeback

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 Jeff Mictabor (November 16, 2010)  Industry analysts speculate that the volume of private student loans, which had dropped in 2008–09 and 2009–10, is poised to make a comeback as federal funding for education declines, especially among private, for-profit institutions. Recent governmental analysis has shown that about one-fourth of all federal financial aid is directed toward students who attend private, .. (Student Loans)

Can’t Repay Your Student Loans? 5 Ways to Get Help.

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 Jeff Mictabor (November 12, 2010)  For college students, November and December are filled with research projects and final exams. For recent graduates, however, these months can be exceptionally stressful, especially if a post-graduation dream job hasn’t materialized on schedule. For graduates who left school with debt from student loans, November and December can be a month of reckoning. Government-issued federal . (Student Loans)

Planning Ahead: 3 Tips for Limiting Student Loan Debt

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 Jeff Mictabor (November 09, 2010)  Today’s college graduate leaves school with more than $24,000 in student loan debt. That figure is just shy of the average price for a new car $28,500, according to the National Automobile Dealers Association. Unfortunately, the amount of debt people take on when buying a car or going to college turns out to be one of the few similarities between the way people finance their cars .. (Student Loans)

Student Loan Debt Highest Among Middle-Income Students

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 Jeff Mictabor (November 05, 2010)  According to a new report issued by the College Board, students from families whose median annual income falls between $60,000 and $90,000 leave school owing about $35,000 in student loans, compared to students from lower-income families, who graduate with about $25,000 in student loan debt. Students whose yearly family income exceeds $120,000 are least likely to borrow money in the .. (Student Loans)

Student Loans, Financial Aid Both Rise in 2009–10

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 Jeff Mictabor (November 02, 2010)  According to a new report by the College Board, both student loans and other types of college financial aid rose in the 2009–10 academic year, although this increase in student aid was largely offset by rising college costs, which increased by about 6 percent. The College Board, in its annual “Trends in Student Aid” report, estimates that a total of $154.5 billion in .. (Student Loans)

Private Student Loans Being Used More Often to Pay College Costs

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 Jeff Mictabor (October 30, 2010)  According to a new report issued by The Project on Student Debt, one-third of all college students who graduated in 2009 were carrying private student loans, and private student loans accounted for nearly one-fourth of all student loan volume in 2007–08. College students who graduated with private student loans owed about $12,500 in private loan debt. Private student loans are .. (Student Loans)

Applying for Student Loans With Bad Credit

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 Anna May (October 27, 2010)  There are many options for students who are in desperate need of a student loan but have bad credit. Getting student loans without a cosigner may pose as a challenge at first, but all it takes is a little investigation and patience for finding the right lender. One of the ways to get a student loan without a cosigner is to provide some form of collateral. This may be hard to do for .. (Student Loans)

Student Loan Debt on the Rise

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 Jeff Mictabor (October 27, 2010)  The Project on Student Debt, an initiative sponsored by the Institute for College Access & Success (ICAS), has released its fifth annual report on the extent of student loan debt in the United States. The report examines student loan debt nationwide and on a state-by-state basis. According to the most recent findings, students who graduated from college in 2009 left school with an .. (Student Loans)

Should You Co-Sign on Someone’s Student Loans?

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 Jeff Mictabor (October 20, 2010)  Anyone who has first-hand experience with student loan debt will tell you that the only way to eliminate it is to pay off your student loans. Unlike other forms of consumer debt, student loans receive special protections under current laws ranging from collection to bankruptcy. This special status applies not only to the primary borrower (the student) but also to any co-signer on the .. (Student Loans)

Paying for College: 4 Tips for Parents

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 Jeff Mictabor (October 16, 2010)  Going to college during a recession is getting more difficult for U. S. students. The national unemployment rate is hovering around 10 percent, college costs are rising much faster than the rate of inflation, and college savings and federal financial aid programs simply haven’t kept pace. Most students hope to avoid college loans, but the reality is that today’s graduates .. (Student Loans)




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