Hey all – We’ll have more on this later, but wanted to give you a head’s up on changes to the federal student loan program. The new legislation was attached to the health care bill, which passed on Sunday, March 21. The senate still must have its say but it appears the legislation will pass. [...]
The U.S. Education Department recently released numbers showing that the total amount of money borrowed by students in the 2008-2009 grew by 25%, to $75.1 billion, over the previous year. The number has been rising for many years, but this bump is the largest on record. The deputy undersecretary of the Education Department, Robert Shireman, [...]
We have been conditioned to think that student loans are inevitable. A necessary evil for today’s college student. But yesterday’s New York Times article on student loan debt has an optimistic message: One out of three students earn their BA degree with no student debt. That’s right — one-third of all undergrads will get through [...]
It looks like the last two weeks have unintentionally turned in to the “Student Loan Hour” here at the Financial Aid Finder. Earlier this week, I covered the New York Times piece on student loan debt. Five experts sounded off on the question, “How much student loan debt is too much?” (Did you answer that [...]
Remember back in February, when the Finder reported on President Obama’s student loan plan – a complete revamp proposal? He plans to save billions a year by making the federal government the student lender, rather than the current system in which the fed subsidizes private lenders like Sallie Mae. He would then use some of [...]
Last week I posted about the controversy over President Obama’s Stimulus Package and whether or not it was really “stimulatory”. I pointed to radio show pundits who were picking on various programs in the bill, including Obama’s plan to increase funding for student aid. Well, if Dave Ramsey, Congressional Republicans and many Americans are critical [...]
We are always on the look out for great financial aid information to share with you. Yesterday I came across a video put together by Duke University’s financial aid director Alison Rabil. Please watch it (5 minutes) as there’s lots of great information from a very knowledgeable financial aid administrator. In simple terms she tells [...]
