College financial aid packages can include a combination of low-interest loans, federal work study and grants or scholarships that need not be repaid. The more desirable your child is to the college, the larger percentage of grants and scholarships he or she will receive.
So how do you position yourself to score the most aid dollars [...]
Still paying off college loans? You should know the interest rates on federal loans are headed higher — much higher.
The U.S. Department of Education on May 30 will announce new interest rates for subsidized Stafford loans and Parent Loans for Undergraduate Students, or PLUS loans. Financial aid experts expect interest rates, pegged to increases in [...]
College Loan Corporation, the nation’s seventh largest student loan provider, today announced that it was chosen as a finalist in the “Best Customer Service” category for the 2006 American Business Award, more commonly known as the “Stevie(tm).”
Hailed as “the business world’s own Oscars” by the New York Post, the American Business Awards are the [...]
A state student-loan program this year is increasing to $500,000 its direct grants to Montana college students, to help those having difficulty paying education bills.
The amount for the 2006 school year is more than twice the $200,000 in grants financed last year by the Montana Guaranteed Student Loan Program, which administers a variety of student-aid [...]
A year ago, hundreds of thousands of students rushed to take advantage of a loophole allowing them to consolidate their student loans before they graduated and lock in the lowest interest rates in the history of the Federal Family Education Loan Program.
Now the loophole is closing, and while rates have moved higher, students and parents [...]
Yesterday, the Federal Reserve unexpectedly raised target short-term interest rates to their highest level in five years, making it increasingly likely that interest rates on existing student loans, which are tied to the 91-day T-bill and reset on May 30, will rise by the highest margin in the student loan program’s history. Students, parents [...]
There is a big change coming to the federal student loan program, and according to officials, students who miss the July 1 deadline could pay dearly.
According to the National Center for Education Statistics, 63 percent of students get some type of financial aid.
Under the current system, students can consolidate their federal loans repeatedly while they’re [...]
Student loan giant Sallie Mae offers these debt-consolidating tips:
* Contact your college’s financial aid office for advice and referrals.
* Watch for false deadlines: Applications need to be in by midnight June 30.
* Know that consolidations are fee-free by law, but not interest rate-free.
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Education Finance, one of the top-10 student-loan providers in the nation today introduced the Federal PLUS Loan for graduate and professional students.
Similar to the existing Federal PLUS Loan for parents of undergraduate students, the new Graduate PLUS program will allow graduate and professional students to cover 100 percent of their total education costs, less other [...]
Students with private education loans take note- not all private consolidation loans are created equal. National lender Student Loan Xpress, a CIT company (NYSE: CIT - News), today introduced a new private consolidation loan with uniquely favorable terms for today’s graduates.
“With education costs soaring, more students are taking advantage of private education loans to help [...]
Education Finance Partners, a private education loan company providing consumer lending expertise, announces the launch of a groundbreaking private consolidation loan offering borrowers the option of a fixed or variable interest rate. This product gives borrowers the ability to refinance their existing private student loans (also called alternative loans) into one new loan offering lower [...]
New federal rules on student loans go into effect July first and it could be a headache for college students and graduates.
The interest rate is going up as much as 2% and that could tack on thousands of dollars to the average loan.
Keith New, spokesman for the Pennsylvania Higher Education Assistance Agency, says it’s also [...]