Student loans are a wonderful and useful tool that you can use to support your college education. The problem is, many students and parents are borrowing to fill in their lifestyle gap and that is not what it was meant to do. Do not borrow more than you absolutely NEED to go to college. On [...]
Are you a graduating senior? Congratulations! You are about to enter the "real world." That’s the good news. The bad news is the economy is still unstable – and the class of 2011 is graduating with a higher student loan burden than any class in history. Not only is harder than ever to find a [...]
Conventional wisdom has always held that student loan debt is "good debt". Meaning it is debt taken out for a long-term investment – like a mortgage on your home, which will pay dividends in the future. What kind of dividends? Well, we know, for example, that college graduates make an average of one million dollars more [...]
If you have completed the Free Application for Federal Student Aid (FAFSA) you will soon receive a Student Aid Report (SAR) in your email inbox. Take a few minutes to look at it. The Department of Ed will put Comment Codes on your SAR with a brief description of what you need to do. The colleges you [...]
The number one reason people don’t get financial aid is because they don’t apply. Their neighbor, brother-in-law or friend told them not to bother, they make too much money. Financial aid uses a federal methodology to determine your family’s EXPECTED FAMILY CONTRIBUTION (EFC). They consider income, but they also consider the number of people in [...]
If you are recent graduate, stressed out about paying back student loans and wondering how you are going to make this all work, student loan forgiveness may be an excellent option for your financial future. There are a vast number of these loan forgiveness programs, from the military to service-type careers to volunteering positions. The [...]
A new study by Cappex.com has found that students are more worried than ever about not only how they will pay for college – but whether they will be able to afford to pay off their student loans when they graduate. Two out of three high school seniors say they are “experiencing anxiety” about having [...]
