News Articles About Student Loans

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.

Student Loan Delinquencies Continue to Rise

August 18, 2011
by Suada Kolovic
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

If you’re one of the more than nine million undergrads who depend on Pell Grants to pay for school, you have probably been pretty anxious over the past few weeks.

Pell Grants, the Debt Ceiling and You

August 4, 2011
by Kara Coleman
If you’re one of the more than nine million undergrads who depend on Pell Grants to pay for school, you have probably been pretty anxious over the past few weeks. This past February, the United
If you’re a graduate student or considering graduate school, listen up: The debt deal reached by Congressional leaders and President Obama would make graduate school much more expensive.

Debt Deal Not So for Graduate Students

August 2, 2011
by Suada Kolovic
If you’re a graduate student or considering graduate school, listen up: The debt deal reached by Congressional leaders and President Obama would make graduate school much more expensive. According

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.

Repaying Student Loans

July 28, 2011
by Radha Jhatakia
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

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.

PayScale’s Best-Paying College Majors

July 26, 2011
by Alexis Mattera
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

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.

Rationing Your Refund Check

July 25, 2011
by Jessica Seals
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

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.

The Best Financial Aid Policies in Higher Ed

July 13, 2011
by Alexis Mattera
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,

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.

College: The Ultimate Life Lesson

June 16, 2011
by Radha Jhatakia
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

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.

Easy Ways to Afford Your Dream School

June 15, 2011
by Brittni Fitzgerald
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
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