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How to borrow for college: A basic primer

If they haven’t already, millions of seniors graduating from high school will turn their attention over the next few weeks to paying for college.
Scholarships and grants — which don’t have to be paid back — are the best option, of course. But not everyone has the academic record for merit aid, or a great jump [...]

Wednesday, May 23rd, 2007

Student loan decisions weigh heavily on graduates

As college graduation season comes to a close, the newly anointed degree holders finally have to face a new reality — life with hefty education debt.
There is plenty to be done before the debt starts to come due — in about six months for most — but graduates will need to act fast and think [...]

Wednesday, May 23rd, 2007

Student loan scandal: Effects on consolidation

It’s a good thing you got that college education. You can put it to good use navigating the complex maze that is the student loan industry as you consider whether to consolidate your federal student loans.
For those who have never done it, it’s a question that comes up every year in anticipation of the [...]

Sunday, May 13th, 2007

New college grads face perils of debt

Say goodbye to the pressure of tests; bring on the pressure of debt … a lot of debt if you are like the average person graduating from college this year.
Until now, you may have paid little attention to the loans you’ve been taking out to pay for college. But usually about this time, after donning [...]

Sunday, June 11th, 2006

Consolidate for lower rates on student loans

Interest rates on student loans are set to rise again in July by almost two points, making this month an important time for borrowers to consolidate and save money.
Student loan interest rates will climb 1.84 percentage points July 1, one of the largest increases in the history of the program, according to Pat Scherschel, vice [...]

Tuesday, June 6th, 2006

Consolidate college loans to avoid rate hike

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 [...]

Tuesday, May 16th, 2006