4 Ways Student Loan Debt Affects Parents

It is becoming more and more of a trend for parents and even grandparents to help their children or grandchildren through college by providing help with student loans. For one, doing so helps graduates get ahead by having less debt to pay once they leave college, giving them more money to work with while they try to look for employment. However, th...

Read More

How to Apply for a Federal Student Loan

The majority of college students need assistance from the United States government to help pay for their college education. I mean, knowledge doesn’t come cheap these days! But a surprising amount of students and parents are still in the dark about when and how to apply for a federal student loan. Kick the head scratching to the curb with the...

Read More

4 Ways To Nip Student Loan Debt In The Bud Today

At the beginning of 2012, there were approximately 37 million people with outstanding student loans.  Of the 37 million borrowers, about 14% of them have at least one missed or late payment.  There is about 870 billion dollars taken out right now, with approximately 87 billion dollars past due. It’s no surprise that with the terrible econom...

Read More

Student Loan Bailout On the Horizon?

Watch this video at CNBC. Go ahead. Don’t be reading this unless you’re finished watching the video. Consider the video a recap of my previous post on student loan debt, with Larry Kudlow‘s last sentence – that he hopes we aren’t entering bailout country – is the topic of this post. It’s looks like Kudlow&...

Read More

Student Loan Debt: The Next Crisis?

Thinking of applying for a student loan? Well you might want to think twice before doing so. Last Wednesday, Jill Schlesinger at CBS News reported that student loan debt is nearing $1 trillion (!) :   Outstanding student loan debt now stands at $956 billion, according to the Federal Reserve Bank of New York’s Quarterly Report on Household...

Read More

Private Loans: A Last Resort To College Funding

Many years ago, students were able to afford college through a combination of grants, scholarships, federal student loans, and work study programs. Nowadays, given the drastic hike in tuition rates, more and more students are relying on private student loans (in addition to all of the other resources mentioned previously) to fund their college educ...

Read More

What Are Perkins Loans?

A Perkins Loan is another form of financial aid that is awarded to college-bound high school students.  Like all other federal financial aid, you have to fill out the FAFSA form to be eligible to receive this particular loan. Perkins Loans are only awarded to undergraduate and graduate students who have exceptional financial need.  The Perkins Lo...

Read More

Private Student Loans

I’m sure you’ve heard me say this before, but I’m going to say it again!  Private student loans should ONLY be considered as a LAST RESORT after all scholarships, grants, and federal student loans have been considered. Background Private student loans are awarded based on credit score and income.  They can only be used for education rel...

Read More

Student Loans: Blessing or Curse?

Are student loans a blessing or a curse for first-year college students? The answer is that they can be both… On one hand, they are a blessing because they allow students to have the money needed to even be able to afford college in the first place. On the other hand, it is virtually impossible for a college student to estimate what their startin...

Read More

What Are My College Loan Options?

College is expensive, period.  Even if you select the least expensive college in the nation, those costs will surely add up over a 4-5 year period.  Those students who do not qualify for grant programs or scholarships can find themselves drowning in debt after graduation if they are not careful. For some parents, the problem is that they just mak...

Read More