Lately, I have been fielding a number of questions about the differences between subsidized Stafford Loans and unsubsidized ones. Given how frequently this topic seems to come up, I thought I should post a quick synopsis of my answer here on the blog. Here's the deal: If you get your financial aid award and it says you have been approved for a student loan, odds are it is … [Read more...] about The Difference Between Subsidized and Unsubsidized Stafford Loans
Student Loans Info
The Dark Side of Student Loans
Warning: This turned into a bit of a personal rant! If you have 50 minutes to spare, let me recommend that you track down an interview with Alan Michael Collinge, author of The Student Loan Scam: The Most Oppressive Debt in U.S. History -- and How We Can Fight Back. Collinge is angry about his personal experience with student loans. After losing a job, he applied for … [Read more...] about The Dark Side of Student Loans
Special Student Loan Consolidation Opportunity
Archive News -- In the wake of the growing awareness that in America student loan debit has surpassed credit card debt, the United States Department of Education is currently offering the possibility to consolidate your Federal Student Loans into a Special Direct Consolidation Loan. This offer became available in January of 2012 and ended on June 30 of 2012. Who to Contact … [Read more...] about Special Student Loan Consolidation Opportunity
Warning to Students with Loans: There is a Limit
Not long ago, a New York panel of judges ruled that a man with $400,000 in student loan debt didn't deserve to be an attorney. The accrediting board determined that his heavy student loan burden disqualified him from being a lawyer. (Of course, without the right to practice, how that man is ever going to earn enough to pay off his nearly half a million dollars in loans is … [Read more...] about Warning to Students with Loans: There is a Limit
8 Trends in Financial Aid
US News & World Report ran an interesting article with eight financial aid trends for American colleges. The bad news is that college will cost more next year than ever before. But there is some good news, too. Here's what US News had to say (and what I think about it). 1. It will be easier to apply for financial aid. I talked about the changes to the standard … [Read more...] about 8 Trends in Financial Aid