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cards from family friends, checks from distant relatives and reminders from your alma mater that your diploma will be rescinded unless you pay your overdue parking tickets.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 [...]
Congressional leaders are moving briskly ahead on bills that would dramatically cut interest rates on student loans for some borrowers.
Although the measures have yet to become law, one has been approved in the House and a similar proposal has passed a key Senate committee. Experts say this is a sign that lending reforms are likely [...]
Student-loan borrowers cheered last month when the House voted to halve interest rates on federal loans. But don’t start celebrating just yet.
The bill, called the College Student Relief Act of 2007, would reduce the current rate on subsidized Stafford loans from a fixed 6.8 percent to a fixed 3.4 percent over five years.
Subsidized Stafford loans [...]
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 [...]
Student loan innovator MyRichUncle® has launched its Federal Graduate PLUS (GradPLUS) loan product, cutting 1.75 percent off the interest rate. With the introduction of GradPLUS Federal student loans, graduate students have more choices for funding their education and now, an even better choice in terms of the cost of these loans with MyRichUncle. The Federal [...]