Archive for tag: student debt
One Student’s Debt is $550,000
February 17, 2010 4:26 pm Financial AidOne woman decided that an education was worth the student debt. Michelle Bisutti took out $250,000 in student debt before she finished medical school in 2003. But over the years it grew to a $555,000 debt. The woman deferred her loan payments while she did her residency and so default charges compounded the interest rates.
Private Colleges Cut Aid Packages
February 10, 2010 1:56 pm Financial AidLast year private colleges throughout the nation had to lay off staff, cut down on sports teams, halt construction projects, and even turn down thermostats all in the name of saving money. And in the meantime, schools are seeing even greater numbers of students and the financial aid keeps coming.
For-profit colleges prosper
August 18, 2009 10:35 am Financial AidMany of the largest for-profit schools are boosting their enrollment during these economic times because they are making more loans directly to cash-strapped students. Even though they recognize many of the loans will probably never be repaid for the amounts that were borrowed.
Student Loan Reduction and Forgiveness for Public Service Careers
April 16, 2009 9:50 am Career Advice, Choosing a Degree, EconomyUnder the College Cost Reduction and Access Act of 2007, students heading into public service careers can decrease, or eliminate altogether, their student loans.
