Posts tagged with ‘College Loans

College loan rates go up July 1

June 21st, 2006

As college costs spiral upward, the cost of borrowing to pay for higher education is about to spike, too.
Students and their parents have benefited from a half-decade of ultra-cheap college loans, loading up on debt to cover their bills. About 8 million people borrowed a total $60 billion this year in education loans issued or [...]

New college loan plan proposed

June 19th, 2006

Looking for ways to make college more affordable, a panel of education experts has proposed a low-interest loan program for middle-class families that make too much to qualify for traditional financial assistance.
During its meeting Tuesday in Sacramento, the California Postsecondary Education Commission will explore creating a program that would offer low-interest college loans to students [...]

New college grads face perils of debt

June 11th, 2006

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 [...]

College debts weigh on grads

June 5th, 2006

There’s a lot Kristin Bolig has to be nervous about now that she’s graduated college. Will she find a job both satisfying and well-paying? Will making friends be easy? East Coast, West Coast or somewhere in between? Buy or rent?
One thing is overshadowing the typical worries that come with beginning a new chapter in life. [...]

Borrowing for college to get pricey

May 16th, 2006

Around this time of the year, anxious high school students find out whether they’ve been accepted by the college of their choice. For their parents, there’s the added anxiety of how to pay for that college education.
If you’ve got college loans, the magic date is July 1 — when the interest rates are set to [...]

Consolidate college loans to avoid rate hike

May 16th, 2006

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 [...]