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Articles in Student Loans Info

Getting Student Loans When You Have Bad Credit

The credit crisis has everyone on edge. If you are planning to take out student loans to help pay for your college education, you, too, may be worrying about how this financial crisis is going to affect you. If your credit rating isn’t all that good, your worry is probably pretty intense. But before you […]

The Fate of Private Student Loans

I have never hid my opinion from our readers that, if given a choice, federal student loans are far superior to private student loans. Federal student loans have lower interest rates, more favorable terms (such as income-based loan repayment), don’t require a co-signer, and freeze your repayments and interest while you’re in school. All these […]

Reader Question: Student Loan Income Repayment Option

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 […]

How Much Student Loan Debt Is Too Much?

How much debt is too much debt? It’s a question that anyone taking out a student loan needs to grapple with. According to a series in the New York Times a while back, the average debt load for a graduate was $20,000; students attending private colleges took out an average of $25,000. Those amounts have […]

Dealing with Student Loans After Graduation

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Congratulations! You graduated from college! After the ceremony, parties and excitement have wound down, and you’re settling into your new situation, you may find yourself reflecting back on college life. If you were the average college student, part of your college experience included accumulation of student loan debt. Here are some tips that might help […]

Private Loan vs. the Parent Plus

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If you’ve been listening to the news you might have heard that there are historically low interest rates. With that good news, it might come as a surprise to you when you look at interest rates for federal student loans. Starting July 1, interest rates for the Direct Subsidized and Unsubsidized student loans are going […]

How to Avoid Defaulting On Student Loan Payments

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 graduating class is graduating with a higher student loan burden than any class in history. Not only is harder than ever to find a job […]

7 Creative Ways to Pay for College

This story about creative financing for college ran over the weekend in my local paper. The article does a great job of outlining some of the financial challenges families are facing in the midst of this country’s economic crisis. It was good to see that staying in school is still a priority for the two […]

50 Colleges Pledge No Loans for Their Students

At least 50 colleges have signed a pledge that they will remain fully committed to meeting their students’ financial aid needs without necessitating student loans — regardless of the impact of the economic crisis on their endowments, reports the non-profit Project on Student Debt. Although there are thousands of colleges and universities across the United […]

Direct Loan Program Interest Rate Going Up

On July 1, 2012, many changes to the Federal Direct Loan program took effect. While the talk of the increase in interest rates has been discussed on whatever news source you choose to access today, other changes are set to take place, as well, that might take many student’s by surprise. The Direct Subsidized Loan […]