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And the Least Indebted Graduates Are...


Dec 28, 2011

If you are a recent college graduate, those student loans you haven’t thought about in four or more years are about to come calling...and collecting. While some students’ debt tallies are quite large, the amounts owed by others are much more manageable. [...]

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62 months ago 0 comments

The Federal Pell Grant program as we know it has been in jeopardy in recent years but an agreement reached last night will keep its funding intact. While college students will still receive the maximum award amount per year, the number of eligible recipients is a quite different (and unfortunate) story. [...]

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When an acceptance letter arrives from your dream college, your first instinct may be to scream, cry and jump on your couch with Tom Cruise-caliber flair. Feel free to give in to those urges – hey, you earned it! – but realize you will soon have to figure out how to pay for your education. Can you really afford this school, not only while you’re attending but after you graduate as well? A new list from Kiplinger says your dream school could be a reality after all. [...]

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In recent years, college students have become more cautious about taking out loans to pay for school. There are multiple reasons for this – horror stories from friends or siblings, limited job prospects after graduation and high interest rates have all been cited – and while it’s an admirable goal to graduatefrom college debt-free, educators think this approach could actually hinder students from getting degrees. [...]

63 months ago 0 comments Read More

Between announcements of Cooper Union possibly charging tuition and the average student debt topping $25,000, news about the cost of college haven’t been too positive as of late. But lo, the University of Charleston has broken the bad news cycle: The West Virginia school has announced it will reduce tuition by 22 percent for all new students and provide additional aid for continuing students. [...]

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Firefighters. Police. Ghostbusters. Your mom. There are certain people you instinctively contact when you need assistance and the same holds true for the federal government. When the Department of Education noticed there was something strange in the neighborhood regarding federal student aid, they knew just who to call. [...]

64 months ago 0 comments Read More

During your college search, what drew you to certain schools and what made you cross others off your list? The financial aid package could have been just right or the tuition could have been too high to manage without taking out multiple student loans. Maybe there was a big focus on your major or maybe the dorms were haunted. Those are all valid reasons but some experts think it may have been because the school marketed itself too much, too little or in a way you just couldn’t relate to. [...]

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I am your average student. I got decent grades in high school, applied to college, got accepted to college, and paid for my education with multiple student loans. I have taken classes I loved (and didn’t love), been involved in extracurricular activities and clubs, and have truly grown as a person during my time in college. Unfortunately, I didn’t receive prestigious grants or scholarships to limit the debt I’ll surely incur after graduation. [...]

66 months ago 0 comments Read More

There are lots of ways students and their parents can pay for college – at Scholarships.com, we’re familiar with nearly 3 million options – and many begin socking away funds early on. As admirable as this timely planning is, a new study shows it won’t come close to covering the ever-rising cost of higher education. [...]

66 months ago 0 comments Read More

While credit card debt, mortgage debt and auto loan debt have all steadily decreased since the fall of 2008, the same cannot be said for outstanding student loan debt, which has climbed 25 percent since the start of the financial crisis. Not only has student debt increased, but more often than not these loans aren’t getting paid off on time. The problem is that students take out sizable loans to pay for tuition to only be met with bleak prospects of employment after college. Those lucky enough to secure a job can also expect lower starting salaries: The median starting salary for a member of the class or 2009 or 2010 is $27,000, down from $30,000 just a couple of years ago. [...]

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Even before college applications are due, many students are worried about how they will afford their postsecondary educations. Once the enrollment deposit is in and the initial stress of finding funding has passed, however, it’s easy to forget about how some forms of financial aid – namely, student loans – require repayment starting about six months after graduation. Here are a few tips to follow so you’re prepared when this time comes. [...]

67 months ago 0 comments Read More

According to a study by the National Center for Education Statistics, it costs approximately $80,000 in tuition plus expenses to earn a bachelor’s degree from a public four-year college and about $140,000 to gain the same credentials from a private nonprofit four-year institution. There are certainly ways to find this kind of funding – grants, student loans and, hello, scholarships! – but will your major of choice be worth the money? If you select one of the fields included on PayScale’s list of best-paying college majors, it is decidedly so. [...]

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The first day of classes means new professors, new classmates and a completely new routine. It is also about the time that universities distribute refund checks to students. Refund checks are extra funds that are left over after all school fees have been paid. These funds are the result of excess scholarships, grants and loans. Refund checks can come in handy, as students can use the extra money to buy a laptop, food, books or to pay off another loan. Some students, however, are not wise with their money and are left scrounging for pennies before the end of the semester. [...]

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Did you know that more than 70 colleges across the country have replaced loans with grants? That’s right: Schools are offering more free money to entice students to enter their hallowed halls, meaning they will not be saddled with the often-dreaded student loan payments after graduation. What institutions come out on top? Here are a few of the best aid policies, courtesy of the Washington Post’s Daniel de Vise: Princeton University: The Tigers lead the pack time wise, first cutting loans in 1998 and nixing them completely in 2001. Harvard University: After eliminating loans in 2008, Harvard implemented a “zero to 10” standard, which pledges families earning up to $180,000 will pay 10 percent of their income at most toward college-related fees. Amherst College: The school replaced loans with grants and work-study for all students in Fall 2008 and the number of students eligible for Pell grants has nearly doubled to 23 percent as a result. Claremont McKenna and Pomona: Loans were also phased out here in 2008 but not just to help poor students. Roger Huddle, a rising Pomona senior with a household income approaching $100,000, received enough aid to cover roughly two-thirds of the full cost of attendance. Yale University: The New Haven-based Ivy meets full demonstrated need without loans, capping the contribution at 10 percent of income for families earning up to $130,000. [...]

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From the get go, the DREAM Act, which would provide a path to citizenship for undocumented college students, has faced an uphill battle. With it failing in the Senate last year and both sides expressing skepticism about the bill, U.S. Secretary of Education Arne Duncan told Congress yesterday that the Administration supports its passage. [...]

68 months ago 0 comments Read More

There are many things I wish I knew before I started college...or even a year or two in! Tips about what professors are difficult, what dining halls serve the best food and where to find the dorms with the most square footage are quite often available but the biggest tip – which you won’t realize until you’re done with school – is that college itself teaches you how to get by in life. [...]

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Whether it is gas, food or tuition, prices are rising on everything. Everyone wants to attend their dream college without having to end up in debt at the end. College tuition will, depending on your university, have a small increase in price every academic year but if you plan ahead and follow these helpful tips, you can ease that financial burden. [...]

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In February, we read a New York Times article about students getting married to save on tuition and asked our Facebook friends and Twitter followers if they, too, would get hitched if it meant they’d pay less for school. The responses? Mixed, but the topic is still hot four months later. [...]

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If you’re a recent college graduate, chances are you’ll have to start paying off your student loans sooner than you think. And even with the economy in a slump, don’t expect a free pass on not paying your loans. Are you starting to panic? Well, don’t! There’s a ton of advice out there to help students stay on track and courtesy of the U.S. News and World Report, here are seven tips for repaying your student loans. [...]

69 months ago 0 comments Read More

A typical soon-to-be college student’s priority list probably looks a little something like this: Step 1: Stay focused in high school by keeping a high GPA and doing as many extracurricular activities as possible. Step 2: Make a list of possible college choices and start on applications early. Step 3: Make a final decision on where to attend college. Step 4: Move into the dorms and get ready for four incredible years!

But wait!!! With all of the excitement of starting college, students can forget to get their finances together to pay for it all! Many students don’t realize that they can eliminate student loan headaches simply by starting the scholarship application process early. By doing so, students have more time to get their application materials together and apply for more scholarships because they are not rushing to submit everything on deadline day. [...]

69 months ago 1 comments Read More

Here at Scholarships.com, we love the idea of students going to college debt-free but the reality is that student loans, for the most part, are a necessity in today’s educational world. And while private student loans should be a last resort when paying for college, it can help bridge the gap for families who have maxed out federal loan limits. The silver lining: Sallie Mae is lowering its interest rates on student loans. [...]

69 months ago 0 comments Read More

With the popularity of wireless computing devices among college students, it would seem that e-textbooks would be just as attractive for this tech-savvy generation. Not so, according to a new survey: The printed textbook is still the big man on campus. [...]

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