News Articles About Stafford Loans

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True love - at least for college-bound high school seniors and current college students - comes in the form of free college financial aid, especially during the month of February. This February is Financial Aid Awareness Month 2020, and Scholarships.com celebrates it with the rest of the higher education community by helping students and families navigate the college financial aid process and educating them about access to federal, state, and institutional college financial aid. To help students strengthen their financial aid literacy, higher education institutions and organizations host webinars, field questions on social media and host weekly topics that allow parents and students to ask questions about college scholarships, college grants, FAFSA, student loans, and other ways to pay for college. During this upcoming Financial Aid Awareness Month, Scholarships.com will do what it has always done best. We'll be offering the best college scholarship opportunities and college scholarship information out there. As we see it, high school scholarships and college scholarships are the best types of college financial aid because they do not need to be repaid. To help kick off Financial Aid Awareness Month, Scholarships.com put together a list of high school and college student financial aid resources that you'll love.

Financial Aid Awareness Month - February 2020 Edition

January 30, 2020 10:42 AM
by Scholarships.com Staff
True love - at least for college-bound high school seniors and current college students - comes in the form of free college financial aid, especially during the month of February. This February is
The U.S. Department of Education will offer a contract to a single loan servicer to manage its $1.2 trillion student loan portfolio, which contains over 43 million borrowers. Instead of keeping its current contract with four different services, the ED will award Navient, GreatNet or the Pennsylvania Higher Education Assistance Agency (PHEAA) the contract. What exactly does this mean for borrowers?

Department of Education Seeking Single Loan Servicer

May 23, 2017 10:23 AM
by Susan Dutca-Lovell
The U.S. Department of Education will offer a contract to a single loan servicer to manage its $1.2 trillion student loan portfolio, which contains over 43 million borrowers. Instead of keeping its
Recent reports suggest that student loan debt has surpassed credit card debt for the first time and will reach $1 trillion this year. The average college student leaves owing $25,000 in loans, putting them at risk of having to significantly delay moving on to different life stages such as buying a house, getting married and even having children. Curious as to how the government has responded in aiding and relieving students of insurmountable debt? By possibly doubling the interest rate of the most popular federally subsidized loans, of course.

Congress Plans to Double Stafford Loan Interest Rates

March 14, 2012
by Suada Kolovic
Recent reports suggest that student loan debt has surpassed credit card debt for the first time and will reach $1 trillion this year. The average college student leaves owing $25,000 in loans,
The House of Representatives is poised to vote today on legislation to eliminate the Federal Family Education Loan Program and increase funding for Federal Pell Grants. The bill, currently known as the Student Aid and Fiscal Responsibility Act of 2009, is widely expected to be approved by the House, possibly with some amount of bipartisan support.  While most of the provisions in the bill have relatively widespread backing, one element has generated a fair amount of controversy. Under the proposed legislation, all federal student loans, such as Stafford Loans and Plus Loans, originated after July 1, 2010 would be part of the Federal Direct Loans Program, rather than the current bank-based system.

House Votes on Student Loan Bill Today

September 17, 2009
by Scholarships.com Staff
The House of Representatives is poised to vote today on legislation to eliminate the Federal Family Education Loan Program and increase funding for Federal Pell Grants. The bill, currently known as
According to newly released data, default rates on federal student loans continued to climb in 2008, reaching a nine-year high of 6.7 percent, most likely as a result of the recession. The annual cohort default rate, released by the Department of Education on Monday, covers federal student loans that went into repayment between October 2006 and September 2007 and had gone into default by September 2008.

Student Loan Default Rates Continue to Rise

September 15, 2009
by Scholarships.com Staff
According to newly released data, default rates on federal student loans continued to climb in 2008, reaching a nine-year high of 6.7 percent, most likely as a result of the recession. The annual
Student loans have received a lot of attention lately, especially in light of the ongoing recession. As average student debt increases and post-graduate job prospects become less certain, borrowers are struggling to make payments and avoid default on their loans. Meanwhile, lenders are tightening credit requirements or opting out of the student loan industry altogether. While Congress and President Obama are contemplating additional reforms to student lending on top of recent fixes that have provided some help to borrowers, relying on loans to pay for school is still a scary idea for many students.

New Service Helps Recession-Proof Student Borrowing

August 11, 2009
by Scholarships.com Staff
Student loans have received a lot of attention lately, especially in light of the ongoing recession. As average student debt increases and post-graduate job prospects become less certain, borrowers
Yesterday, the House of Representatives formally introduced legislation to reshape federal student loans, federal Pell Grants, and other aspects of student financial aid. The Student Aid and Fiscal Responsibility Act of 2009 builds on presidential budget recommendations and features several substantial changes to student aid.

House Introduces Student Aid Bill

July 16, 2009
by Scholarships.com Staff
Yesterday, the House of Representatives formally introduced legislation to reshape federal student loans, federal Pell Grants, and other aspects of student financial aid. The Student Aid and Fiscal
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