With college costs continuing to rise, parents and students are increasingly turning to private lenders to cover the cost of tuition.
From 1995 to 2006, the amount of money borrowed from private lenders to pay for college rose from $1.3 billion to $17.3 billion, according to MSN Money columnist Liz Pulliam Weston. Why should this concern [...]
If you plan to graduate from college this spring, your mailbox may soon be filled with congratulatory cards from family friends, checks from distant relatives and reminders from your alma mater that your diploma will be rescinded unless you pay your overdue parking tickets. But if you borrowed to pay for college, much of your [...]
Sallie Mae Senior Vice President Barry Goulding today testified at the Senate Banking Committee hearing, ‘Paying for College: The Role of Private Student Lending’ to demonstrate how Sallie Mae serves students and parents in the private education loan market.
Goulding emphasized Sallie Mae’s ‘1-2-3 approach’ to paying for college: 1) after tapping personal financial resources such [...]
You’ve got the college degree, and now you’re stressed about what do to with the debt.
“Even if your student loans exceed your annual salary — which is, unfortunately, a common phenomenon these days — you can knock down those debts and start to regain control of your financial life,†says Lynnette Khalfani in her new [...]
Interest rates on federally backed loans for college students are set to edge higher on July 1, a student lender said Tuesday.
Based on the results of a Treasury Department bill auction, the in-school rate on the federal Stafford loan will rise by 0.08 percentage point from 6.54 percent to 6.62 percent, according to College Loan [...]
Interest rates on federally backed loans for college students are set to edge higher on July 1, a student lender said yesterday.
Based on the results of a Treasury Department bill auction, the in-school rate on the federal Stafford loan will rise by 0.08 percentage point from 6.54 percent to 6.62 percent, according to College Loan [...]
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 [...]
While Junior’s busy writing a captivating college admissions essay and filling out stacks of applications, Mom and Dad bite their fingernails, wondering how they’re going to pay for it.
Paying for college can be a complicated and intimidating journey, but with some helpful advice and plenty of resources, it’s not so bad.
How much will it cost?
When [...]
Learn more: Grant and loan programs
Federal loans provide the largest share of college financial aid, but there are other sources.
Federal Work-Study
The federal government gives money to colleges to pay students to work on or off campus during the academic year (part-time) and in the summer (full-time).
Pell Grants
Federal money for low-income students. Maximum award: $4,050.
Perkins Loans
Low-interest [...]
The homework begins for today’s college students long before they set foot in a university lecture hall. The late nights start with poring over an increasing array of student loan options. “A big part of getting to college and staying in college is figuring out who offers the best interest rate, who offers the best [...]
As higher loan rates hit students this weekend, Democrats in the U.S. Senate are pitching a measure to cut interest rates and beef up financial aid to college students.
The timing and broad goals of the legislation, however, have some Utah education and political leaders worried it may just be [...]
As higher loan rates hit students this weekend, Democrats in the U.S. Senate are pitching a measure to cut interest rates and beef up financial aid to college students.
The timing and broad goals of the legislation, however, have some Utah education and political leaders worried it may just be [...]