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?
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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
Possible Green Light for President Obama’s Student Loan Plan
Remember back in February, when the Finder reported on President Obama's student loan plan - a complete revamp proposal? He plans to save billions a year by making the federal government the student lender, rather than the current system in which the fed subsidizes private lenders like Sallie Mae. He would then use some of those savings to up the amount of the Pell Grant -- and … [Read more...] about Possible Green Light for President Obama’s Student Loan Plan
Want a Real Stimulus Package? Forgive Student Debt
Last week I posted about the controversy over President Obama's Stimulus Package and whether or not it was really "stimulatory". I pointed to radio show pundits who were picking on various programs in the bill, including Obama's plan to increase funding for student aid. Well, if Dave Ramsey, Congressional Republicans and many Americans are critical of upping the level of the … [Read more...] about Want a Real Stimulus Package? Forgive Student Debt
How to Get College Financial Aid Video
We are always on the look out for great financial aid information to share with you. Yesterday I came across a video put together by Duke University's financial aid director Alison Rabil. Please watch it (5 minutes) as there's lots of great information from a very knowledgeable financial aid administrator. In simple terms she tells you how to get started with the … [Read more...] about How to Get College Financial Aid Video