It looks like the last two weeks have unintentionally turned in to the "Student Loan Hour" here at the Financial Aid Finder. Earlier this week, I covered the New York Times piece on student loan debt. Five experts sounded off on the question, "How much student loan debt is too much?" (Did you answer that question for our student debt poll on Tuesday? Please do that now if you … [Read more...] about Reader Question: Student Loan Income Repayment Option
income-based loan repayment
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