|
|
Browse by Tags
All Tags » Loans (RSS)
Sorry, but there are no more tags available to filter with.
-
Some of you have had questions on selecting a Stafford Loan lender. This is really tricky. The bad part of this whole thing is that schools can no longer recommend a lender to students. The same applies to private alternative loans. What I can tell you is that schools are allowed to publish a Preferred Lender List, which can only be accomplished ...
-
Wow, I have stacks of reports to read through, especially since the presidential election. This may end up being the first part of a series of posts related to our financial educational future. From what I've skimmed over so far, things aren't going to be as promising as expected. We'll hold that thought for now, because I have some ...
-
Happy first day of summer! It's beautiful where I am, so I should be working outside. I just got home from presenting at a freshman registration session at our school, which reminded me that I need to point out some more legislative changes regarding student loans. The side benefit is that I get to hear the Cub game as I write this.
In my ...
-
Things have been pretty quiet on the student loan front with the exception of Congress approving the increase in Unsubsidized loan for undergraduate students. Still, I expect things to pick up this fall as enrollment begins for the more traditional schools.
I figure this might be the time to compare the two types of student loans available, ...
-
Well, our finals were the week of May 5 and graduation was May 10. I thought I would have a better handle on my time after school let out, but that hasn't been the case! And just as I feel the need to search for blog topics, some new project or issue comes across my desk which spurs my thoughts. Hopefully I'll remember them for my next ...
-
Students will often call our office asking how much that student has borrowed while attending college. If the student attended my college only, it's easy to add up the loans from year to year. However, if the student attended more than one college, it's more difficult to get a total. Several years ago, a national database was created to ...
-
I have to preface this post. If you are borrowing through Direct Lending, some of this information will not apply. The lender crisis is directly related to the Stafford Loan program which uses lending institutions other than the Department of Education.
Here we go again . . . I won't even list the lenders who ...
-
I normally don't promote specific websites (although I did with SimpleTuition), but something came in my email this past week that bears attention. Since the scope of this organization doesn't fall into the free reproduction of the electronic material, I decided to highlight the website itself.
I wanted to list all of the lender layoffs, ...
-
As I've mentioned in prior posts, your options for student loan lenders is dwindling due to federal loan subsidy cuts. In addition, accusations of financial aid offices taking kickbacks from lenders in order to be put on the school's preferred student lender list has created further roadblocks to getting a student loan. Schools can no ...
-
If you receive a federal student loan, whether Direct Loan, Stafford Loan, or Perkins Loan, you will have to complete both Entrance and Exit Counseling. These are federal requirements mandated by the Department of Education. Why?
First of all, Entrance Counseling is a requirement for all students who are considered New Borrowers. This includes ...
-
Yes, you do have to repay your student loans! And yes, I do get questions from students thinking they don't. However, loan repayment options are at their best in years. Here's why:Traditional repayment: if you have the income, this is the best option to repay your loan to keep interest at a minimum. You will have an option of paying up to ...
-
Well, it's the Big Game half-time show, so I'll try to get this off before Tom Petty quits singing. It's been several days, but the axe has fallen again on student lending. College Loan Corporation will stop making federal student loans as of March 1. This lender is just another victim of Congress' slashed subsidy rate.
I ...
-
Well, the floodgates are opening even wider. Since my last post, the Omaha-based NelNet lending corporation has terminated 300 jobs, or about 10% of their existing workforce. This is in addition to the 400 jobs cut back in September of 2007. NelNet cites Congress' cut in federal subsidies as a major reason for the terminations. ...
-
If you follow financial reports at all, you no doubt have read about the bad start lenders have experienced for the new financial aid year. It all has to do with federal subsidies that legislation is enacting on lenders. I have read the legislation proposals emitted on an almost daily basis. While I deal with student loans, I am not a financial ...
-
As promised, more on student loan forgiveness and cancellation programs.
Teacher Loan Forgiveness ProgramThis program is for
students who have received a Stafford loan or Direct loan. Up to $5,000 of loan may be forgiven if you did
not have an outstanding loan balance as of October 1, 1998 and you meet the
program qualifications. An ...
-
First of all, I have to give out a Woo Hoo! I'm finally graduating with my Master's Degree in Instructional Design and Technology this weekend! It's been a very long time coming. Like my readers, my degree was done mostly online, with a few weekend classes.
There are a number of detailed circumstances where you may qualify for ...
-
All loans must be repaid, and all loans charge interest. The amount of interest charged, and when you pay, depends on the type of loan (Subsidized vs. Unsubsidized) you receive and when it is disbursed. So how much interest are you being charged? Unfortunately, there is no easy answer. Federal regulations have flip-flopped over the years with ...
-
A student must be in a degree program to be eligible for the Stafford Loan or Direct Loan. However, there are special programs that have loan eligibility limitations.
As an undergraduate, if you are graduating mid-year, such as the fall semester, by federal regulations your undergraduate Subsidized and Unsubsidized loans must be prorated based on ...
-
It's a common misperception that student loans are not considered financial aid because the student has to pay it back. However, it is considered financial aid because student loans are awarded only for educational expenses. For this reason, student loans are totally different from just going to a bank and taking out a personal loan.
How is ...
-
The other day I answered a question on the Elearners.com forum regarding loan limits. It made me realize that with my 24 years of working in financial aid, I have achieved a knowledge base that can't reasonably be expected of students. I take this information for granted because it's my job, but I realize that the whole process is ...
|
|
|