Archive for tag: student loans
Lower Housing Prices Equates to Lower College Attendance
September 21, 2011 3:47 pm EconomyAccording to a Cornell University study, the plummeting value of homes is having an adverse affect on the number of students that are heading off to college. The head of the study, economist Michael Lovenheim, found that the steady decline of housing prices is reducing the overall wealth of parents, which is also prohibiting parents [...]
Is College Worth Going into Debt?
September 20, 2011 7:33 pm Career AdviceIt’s no secret that the dollar doesn’t go as far as it used to, which means luxuries must often go by the wayside. But what is considered a luxury? Prior to 2008 getting a college degree, for example, was as common for the middle class as going to high school. But now that the middle [...]
10 Responsible Ways to Spend Your Student Loan Refund
May 14, 2011 3:29 pm Career AdviceIt is the time of year when student loan and grant refunds are issued. Most students will receive refunds worth hundreds of dollars. Here are 10 suggestions on how to responsibly spend yours. Keep it in your college. Student refunds are automatically mailed out to the student. But you don’t have to have it this [...]
Financial aid for moms returning to school part 1
December 14, 2010 8:39 am Moms in SchoolMost likely you are considering returning to school in the New Year but one major thing is holding you back. How much is it going to cost? I know that for me, I would love to return to school but can my wallet truly survive such a transition? At the time when I was a college mom I only had 1 child. Now that I have three the idea seems far fetched. Fortunately moms, financial aid is available for us to achieve our goals this New Year.
4 Paths to Student Loan Forgiveness
November 15, 2010 2:55 pm Financial AidWhen you take out a federal student loan for college, the government expects you to pay them back—as would any creditor. But the difference between a bank and the federal government is that the government allows you to perform some types of public service in place of paying back a portion or all of your [...]
5 Tips to Get Free Money For College
October 5, 2010 12:00 pm Education, Financial AidWhat is FREE money for college? It’s money that you receive to finance your college education that doesn’t have to be paid back. This comes in the forms of grants and scholarships. Government grants are available to those who qualify based on financial need. Scholarships are available to anyone and can be found to fit [...]
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.
Defaulting Loans at For-Profit Universities
December 16, 2009 2:11 pm Financial AidApproximately one in five college students default on student loan payments within the first three years of repayment, which shows what a difficult spot graduates are in particularly now. The Department of Labor has reported that overall 6.7 percent of student borrowers default within two years and 11 percent at for-profit schools.
No Job and Student Loans Are Due
November 5, 2009 3:11 pm Career Advice, Financial AidIf you’ve done the time and earned your degree but you still don’t have a job; there’s a problem. Student loans will arrive whether you’re ready or not. If you graduated in May of 2009 the six month grace period is almost over and you will soon have to start making monthly payments.
