Hey all you soon-to-be college grads: Congratulations! Whether you have a great job lined up already or not, there's no doubt that the real world is eagerly awaiting you! Even if you majored in finance, however, there is at least one big challenge waiting for you, too: handling your personal finances. The truth is that being a wise steward of your resources is rarely taught … [Read more...] about 8 Essential Financial Tips for New College Grads
Student Loans Info
10 Steps to Prevent Defaulting on Your Student Loans
by Mara Strom Did you know that a Stafford or Perkins student loan is one of the only forms of debt that cannot be discharged in a bankruptcy claim? Student loans are with you for life – so you need to be serious about paying them back. If you haven't paid back your loans for 270 days (and have not arranged for deferment or forbearance), then you’re in default. Three out … [Read more...] about 10 Steps to Prevent Defaulting on Your Student Loans
How Most Americans Pay for College
Sallie Mae and Gallup Poll released its 2016 annual study of how parents pay for college. Parents are helping more, using more of their own income and savings, while students are taking out more and larger amounts of student loans. Students are also working more, and two out of five of them are living at home to help keep costs under control. [box]When all … [Read more...] about How Most Americans Pay for College
Why Not All Student Loans Are Created Equal
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 any green will pay the bills, not all loans are equally emerald. Here's a look at the major … [Read more...] about Why Not All Student Loans Are Created Equal
Reader Question: How to Pay for College on Your Own
I recently got a letter from a reader named Natalie, who is worried about paying for college without any parental help. Are you financing your college degree solo? Read on for her letter and my suggestions for tackling this challenge. Dear Financial Aid Finder, Hi, I'm a high school senior with pretty good grades and a strong ACT test score. I want to go to college in the … [Read more...] about Reader Question: How to Pay for College on Your Own