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
financial aid
Breaking News: Private Student Loans May Soon Get More Expensive
ARCHIVED POST - America's largest not-for-profit guarantor of private student loans declared bankruptcy Monday night. The Education Resource Institute or "TERI" explained its decision to seek Chapter 11 bankruptcy by citing a sharp increase in the number of borrowers defaulting on their loans plus the troubled credit market. TERI currently has more than $17 billion in … [Read more...] about Breaking News: Private Student Loans May Soon Get More Expensive
Ivy League Offering Free Ride for Middle Income Students
America’s Top Colleges Are More Popular Than Ever April 7, 2008 It’s April, which means that if you were one of the hundred thousand high school seniors shooting for an Ivy League education, you already know your fate. Hopefully you’ve spent the past few days celebrating that golden acceptance letter. But if you’ve been consoling yourself instead, perhaps this will … [Read more...] about Ivy League Offering Free Ride for Middle Income Students
Supplemental Borrowing: The Federal Direct PLUS Loan
March 31, 2008 For families struggling to finance their children's educational expenses, supplemental borrowing can be an important resource. Supplemental borrowing is particularly useful to those families that do not qualify for need-based financial aid or those families that qualify but whose financing needs are greater than their aid package. One of the most … [Read more...] about Supplemental Borrowing: The Federal Direct PLUS Loan
Congress Wrangling With Rising Cost Of Higher Education
Physical Therapists May Soon Be Eligible For Loan Forgiveness Physical therapists might be enjoying some student debt relief in the near future if Congress gets its way. On February 7, the House approved The College Opportunity and Affordability Act, H.R. 4137, which would allow physical therapists to apply for student loan forgiveness. The wide-reaching Bill, … [Read more...] about Congress Wrangling With Rising Cost Of Higher Education