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, [...]
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 [...]
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 [...]
Loan consolidation is an important step in dealing with your student debt. AMSA members are eligible for the AMSA (American Medical Student Association) Loan Consolidation Program. It is important to understand loan consolidation and the real terms of any loan or consolidation contract. I want to provide you with some general information about loan consolidation [...]
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 [...]
Phoenix-based NextStudent, a premier education funding company, offers a Graduate PLUS Loan Program that extends directly to graduate and professional students the same benefits that traditional PLUS loans extend to the parents of undergraduate students. As a federally sponsored student loan that offers generous borrowing limits, student borrowers can cover the full cost of their [...]
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 [...]
Many parents who want to help their children with college costs are not aware that funds still are available before the fall semester begins. With PLUS Loans — Parent Loans for Undergraduate Students, funds up to the full cost of college with rates as low as 6.25 percent are available throughout the year through Phoenix-based [...]
There is an option for undergraduate and graduate students who have not yet applied for their student loans or for those without sufficient federal funds for the fall semester. Phoenix-based NextStudent, a premier education funding company, has a private student loan program to help undergraduate and graduate students receive the funding they need to get [...]
The single-lender rule that prohibited student borrowers from consolidating their student loans with the lender of their choice was repealed June 15, 2006 when President Bush signed into law the emergency supplemental spending package, H.R. 4939. This has paved the way for student borrowers to consolidate their federal student loans with the lender of their [...]
It’s time to revisit a cardinal rule about paying for college.
The time-honored advice is to plan carefully and years in advance of when the money will be needed.
Federal education loans have long been counted on by many families to finance at least a portion of college expenses, and when other resources such as savings and [...]