Now that summer is here, for most student's that means summer break is here as well! While your summer is probably already packed with trips, concerts, work and catching up with friends and family, it's also a great time to review your financial aid and college budget! While this may be at the bottom of your list, here are a few tips that may make you think otherwise. Are your … [Read more...] about Summer Break is the Time to Review Financial Aid
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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 - but unemployment is making it even harder to deal with … [Read more...] about How to Avoid Defaulting On Student Loan Payments
Decoding the Financial Aid Award Letter
As you are progressing toward your goal of starting college, there are different approaches on knowing how you are going to pay for school. You may decide on a school and then complete the financial aid documents or maybe you filled out your financial aid first and you are looking at a few different schools. Either way that you choose, one item that you will come across … [Read more...] about Decoding the Financial Aid Award Letter
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 for Undergrad Students The biggest change that is set to take … [Read more...] about Direct Loan Program Interest Rate Going Up
How Much Do You Need to Save for College?
Conventional wisdom tells us that it's never too late to start saving. But is that necessarily true when it comes to college costs? If you are a parent, how much do you need to save in order to pay (or even help to pay) for your child's undergraduate education? Let's say you are having a baby. If you start putting away $100 a month for the wee one right now, by the time he … [Read more...] about How Much Do You Need to Save for College?