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 their degree without owing a penny in student … [Read more...] about Are Student Loans Inevitable?
Student Loans Info
In the News: Plan to Increase Pell Grants Clears First Legislative Hurdle
President Obama's plan to federalize student loans and increase funding for the Pell Grant cleared its first legislative hurdle today when the House Education Committee approved the plan. Known as the Student Aid and Fiscal Responsibility Act of 2009, the President's plan would expand the number of students eligible for Pell Grants. Currently 40 percent of American college … [Read more...] about In the News: Plan to Increase Pell Grants Clears First Legislative Hurdle
Student Loan Interest Rates Set to Fall; Pell Grant to Increase
A number of important changes are looming for federal student aid, which may save you some serious cash. Here's a quick look at the most significant developments: Interest rates on subsidized Stafford loans are dropping -- This year, they will go from a 6% to 5.6% (fixed). Under the College Cost Reduction and Access Act of '07, the rate will continue to drop until … [Read more...] about Student Loan Interest Rates Set to Fall; Pell Grant to Increase
How Much Student Debt Is Too Much For You?
Did you read my post yesterday How Much Student Debt Is Too Much? If you haven't yet, give it a read. Then I'd love to get your opinion on that question. <br /> <a href="http://answers.polldaddy.com/poll/1709860/" mce_href="http://answers.polldaddy.com/poll/1709860/">How much student loan debt do/would you feel comfortable taking … [Read more...] about How Much Student Debt Is Too Much For You?
In the News: New Income-Based Option for Paying Back Loans
Are you drowning in your student loan debt? Come July 1st, you may be able to get a little relief. That's when a new income-based student loan repayment option will go into effect for those of you with federal student loans. Under the plan, monthly payments will be capped at 15% of the amount by which your income exceed the federal poverty line -- regardless of how much you … [Read more...] about In the News: New Income-Based Option for Paying Back Loans