Taming Student Loan Debt With PrepaymentsToday, two-thirds of college students leave school with at least some debt from college loans. The average debt is approaching $25,000, a figure that includes not just the original amounts borrowed but, for most students, accumulated interest as well.
Paying for College: Evaluating Your Financial Aid PackageProspective college students who have filled out their applications for federal student aid (the application known as the FAFSA) should now be receiving information about their financial aid packages for the upcoming school year.
Community Colleges and the Dangers of Student Loan DebtFor high school students who are on the hunt for ways to reduce the cost of a college education, your local community college may look like a way to keep your expenses down and avoid the crush of debt from school loans.
Student Loan Debt Collections Come Up ShortThe U.S. Department of Education is reporting that its current student loan debt collection contract produced more revenue in the first 15 months of operation than the previous debt collection contract did for the same period of time, but debt collection revenues are still below the department's projections.
New Report Goes Beyond Defaults, Examining Student Loan DelinquenciesA new report issued by the Institute for Higher Education Policy examines the issue of delinquency -- late payments -- as a factor in student loan defaults.
In Calif., Using Student Loan Defaults to Limit College GrantsThe state of California is taking a page from the U.S. Department of Education's playbook. In an effort to trim a nearly $27 billion budget deficit, lawmakers are exploring the possibility of limiting payouts from the state's Cal Grant college student financial aid program based on a school's student loan default rate.
Tenn. Community College May Cut Federal Student LoansNashville State Community College is weighing the decision to eliminate federal student loans from its financial aid programs. The school is assessing the number of its students who have defaulted on their federal student loans.
Keeping Tabs on Your Federal Student Loans: Using the NSLDSFor the majority of students, college loans are part of the reality of higher education. Two-thirds of bachelor's degree students who graduated in 2007-08 left college with debt from school loans, and their average student loan debt load was $23,186, according to FinAid.org.
Paying for College: Using Employment Prospects to Drive DecisionsFor college students who are approaching graduation, the employment picture may be looking slightly better than it has in the past couple of years, as the country slowly recovers from the Great Recession.
6 Keys to Minimizing Student Loan DebtIf you're a senior in high school who's planning for college but you haven't yet picked your school, you're in the sweet spot.
N.C. Community Colleges Lobby Against Federal Student LoansThe presidents of 38 North Carolina community colleges have come together to oppose a new state law that requires them to offer federal student loans to their student bodies beginning July 1, 2011.
Are Student Loans Still a Good Bet?In the mid- and late-1960s, there was no doubt among U.S. public policy makers that the federal government should be encouraging more citizens to attend and graduate from college.
Consumer Law Report Blasts For-Profit Colleges for Private-Label Student LoansA new report issued in January by the National Consumer Law Center accuses for-profit colleges of saddling their students with unregulated private-label student loans that force these students into high interest rates, excessive debt, and predatory lending terms that make it difficult for these students to succeed.
Minn. Survey Shows Impact of Recession on Student Loan DebtThe Minnesota State University Student Association has released the results of a survey it issued in September 2010 to help assess the impact of student loan debt on its members.
Paying for College: Student Loans or Credit Cards?Research conducted by student loan company Sallie Mae shows that in 2010, about 5 percent of college students paid an average of more than $2,000 in tuition and other educational expenses using a credit card to avoid taking out student loans.
Paying for College Without Using Student LoansPaying for college can be tricky, especially when the cost of a college education is far outstripping the rate of inflation.
Student Loan Default Rates on the RiseUpdated statistics released by the U.S. Department of Education show that student loan defaults are rising.
Study: Student Loan Worries Affect New College Students' Mental HealthResearchers at the Higher Education Research Institute at the University of California in Los Angeles say that worries about student loans are having a measurable negative impact on the mental health of first-year college students.
Getting Through College Without Student LoansAccording to statistics compiled by the U.S. Department of Education, two-thirds of college students today leave their alma mater with debt from student loans, and the average student loan debt amount among these graduates is a startling $23,186.
Vt. Nonprofit Lender Mulls Life After End of Student Loan ProgramThe Vermont Student Assistance Corporation (VSAC) was established in 1965 as a public nonprofit agency designed to oversee the issuing of federal education loans to Vermont students. But with the sweeping reforms to the federal student loan program that were passed in 2009, bundled in with the national health care reform bill, VSAC and agencies like it were stripped of their ability to originate new federal education loans.
Too Much Student Loan Debt? License to Work DENIED.On January 11, the Ohio Supreme Court ruled that one unlucky law school graduate is carrying too much student loan debt to be allowed to hold a license to practice law in the state.
Law School Graduates Awash in Student Loan DebtIt's no secret that going to college can cost plenty, and there are no shortages of student loans, whether you're looking for federal college loans, graduate loans, or private student loans.
Does Parents' Divorce Translate Into More Student Loan Debt?A study conducted by researchers at Rice University and the University of Wisconsin and published in the December 2010 issue of the Journal of Family Issues concludes that college students whose parents are divorced or remarried receive less financial support from their parents than do students who remain married to each other.
Government's PLUS Program Offers More Than Parent LoansAlthough most undergraduate students must provide their parents' financial information when applying for federal financial aid for college, not all parents may want or be able to help their children pay for college. Colleges and universities, however, typically do expect parents to make some financial contribution to their dependent children's college costs.
Paying for College: 5 Tips for Minimizing Student Loan DebtIf you plan to attend college at some point in your life, you should have a plan to keep your student loan debt to a minimum.
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