We got a great question from one of our readers the other day about financial aid for members of the military. Rather than just responding to her, I wanted to share the information on the blog since I thought there might be more of you out there with a similar question. Here’s what LeeAnn from [...]
Credit is retracting in nearly every sector – home mortgages are dwindling, business loans are down, car loans are non-existent. But there is one area in which credit has actually expanded: Government-backed, higher education loans. The total number of student loans made in 2008 is up 18.6% from 2007, according to an article in today’s [...]
September 22, 2008 by Mara Strom A panel of financial aid experts thinks that America’s federal financial aid system needs a major overhaul. According to the Rethinking Student Aid study group, these changes include simplifying the application process (aka FAFSA, or the Free Application for Federal Student Aid) and increasing Pell grant maximums. The most [...]
July 15, 2008 by Mara Strom Some of you may be wondering whether qualifying for a federal loan is really that big of a deal. You figure money is money, and debt is debt. Plus, you’ve heard that applying for and getting accepted for a private loan is easier and faster. While it’s true that [...]
July 7, 2008 by Mara Strom Most of the time I come here and talk about what you should do to get financial aid…Gentle reminders about filing before the FAFSA deadline, applying for as many scholarships as you can, and picking the right student loan to cover the gap. Well, today, I’m going to be [...]
June 16, 2008 by Mara Strom If you need financial aid for the 2008-2009 school year, then heads up: You’ve got two weeks from today to complete your FAFSA. FAFSA stands for the Free Application for Federal Student Aid, and it tells you and your school how much — and what kind of — federal [...]
June 8, 2008 by Mara Strom Unless your last name is Rockefeller, you’ll need to think long and hard about the expense of your college education. Even though more than 90% of college grads say their degree was “worth it,” the cost can still be staggering. If you’re in college — or planning to attend [...]
May 28, 2008 by Mara Strom If you’re a community college student applying for financial aid, then know this: You’re in exceedingly good company. The number of your fellow students in need of aid has skyrocketed over the last five years, according to Robert Shireman, president of EconomicDiversity.org: “As costs like housing and textbooks continue [...]
