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 to 6.8% and the Direct Parent Plus Loan is going to … [Read more...] about Private Loan vs. the Parent Plus
college loans
The Real Cost of Paying Back Your Student Loans
April 17, 2008 by Mara Strom If you’re a recent college grad straddled with a sizeable chunk of student debt, you’re in good company. In fact, a study by The National Center for Education Statistics indicates that 50% of all college grads have an average of $10,000 or more to pay back on their college loans. Let’s say you’re a little better than average and take out $18K … [Read more...] about The Real Cost of Paying Back Your Student Loans
College Loans – Heavy Debt Burden Carried by Graduates
There has been a lot of much needed attention given to "debt" these past few months. No doubt Oprah and her "debt diet" has sparked much of the spotlight but it is an especially important concept for prospective college students to grasp. There was a recent article on Yahoo News entitled "The Debt-for-Diploma Crunch" that outlined how those who are in their 20 and 30 … [Read more...] about College Loans – Heavy Debt Burden Carried by Graduates