The House on Wednesday approved far-reaching changes in student aid programs, voting to slash $19 billion in federal subsidies to student lenders over five years, while increasing grants for needy students and halving interest rates on federally backed loans with the savings.
The bill passed 273-149, in a sometimes-raucous debate, with 47 Republicans joining Democrats, who [...]
Graduating college students across the country recently have received their degrees and are taking their first steps into the real world, which includes repaying their student loans. According to NextStudent, a leading Phoenix-based education funding company, composing a strategy for repaying college student debt is simple, once borrowers are armed with accurate, easily applicable information.
Fortunately, [...]
2Futuro is pleased to announce the awards of two scholarships of $1,000 each to Mayra Alvarez, a student at California State University, Los Angeles, and Jason Gates, a student at the University of Oklahoma Health Sciences Center in Oklahoma City. They are the first recipients of scholarships awarded through random monthly drawings that 2Futuro conducts [...]
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 [...]
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 [...]
Four Malden banks have committed $8 million to a loan pool for a first- and second-time homebuyer program run by the Malden Redevelopment Authority.
Eastern Bank, Century Bank, Central Bank, and BankMalden each pledged $2 million to fund the program over the next two years.
The loan pool will make below-market-rate loans to low- and moderate-income home [...]
A proposal before Congress that would halve interest on federally subsidized student loans in the next five years would save students thousands of dollars, according to an analysis by the Massachusetts Public Interest Research Group.
The so-called College Student Relief Act of 2007 is expected to be voted on next week by the House of Representatives [...]
The Higher Education Act mandates that colleges cannot require students to fund Federal Family Education Loan Program loans through the preferred lenders suggested by their financial aid offices. Therefore, students and parents should keep in mind that it is their decision when it comes to which company funds their FFELP student loans including the subsidized [...]
A diploma isn’t the only thing college graduates carry with them when they leave school.
The average student now enters the working world with $16,000 to $20,000 in student loans to repay, a burden that nearly doubled over the last decade.
House Democrats hope to reduce that debt load by slashing interest rates on some student loans [...]
WASHINGTON Democratic pledges to cut student loan interest rates hold out the possibility of considerable savings for students, but also inject an element of uncertainty as students prepare to apply for financial aid in the next few weeks.
Rep. Nancy Pelosi, D-Calif., the incoming House speaker, has put cutting student loan interest rates in half among [...]
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 [...]
New grant programs. Higher interest rates for student loans. A permanent tax exemption for 529 savings plans. In the college financing arena, the hottest trend in 2006 seemed to be change itself. A little tinkering here. Some sweeping overhauls there. What it all means depends on your personal circumstances. But no matter where you are [...]