Think student loans can help you afford college? Think again. It’s a mistake to confuse access to financial tools, including student loans, with affordability.
What is a financial tool?
A student loan is a financial tool. A credit card is a financial tool. A check is a financial tool. Cash is a financial tool as well.
Financial tools [...]
Posted on October 23, 2013 by Beth Dumbauld
Think student loans can help you afford college? Think again. It’s a mistake to confuse access to financial tools, including student loans, with affordability.Read More...
Posted on October 7, 2013 by Barry Lenson
You walk into your college’s financial aid office and fill out paperwork to borrow $14,000 at a 6% interest rate that you promise to repay over 10 years. The financial aid officer who helps you fill out the paperwork calculates that when you start to repay, you will write a monthly check for $155.40. You [...]Read More...
Posted on September 12, 2013 by Barry Lenson
If you want to save a bundle on your college education here’s a powerful tip for you . . .Read More...
Borrow as little as possible to pay for it, because borrowing money is incredibly expensive
For every $5,000 that you avoid borrowing at 6%, for example, you save about $100 a month to repay your loan. But [...]
Posted on September 4, 2013 by Barry Lenson
Many people believe that the FAFSA (Free Application for Federal Student Aid) is something that only college students between the ages of 18 and 22 need to complete. Not so. If you are returning to college at any age and need financial assistance, you should fill out the FAFSA.Read More...
Here‘s what you need to know.
1) The [...]
Posted on July 2, 2013 by Barry Lenson
July 1st was not a happy day for American students who are considering Stafford Loans. On that day the interest rate on Stafford Loans doubled from 3.4% to 6.8%.
Is it time to hit the panic button? Maybe. But before you do, here are some things that you should know . . .
The new interest rate [...]Read More...
Posted on May 11, 2013 by Barry Lenson
Are you the legal child of two unmarried parents living together? Maybe the child of two men or two women who are unmarried? And do you need financial help to attend college?Read More...
If so, you already know that that the FAFSA has been discriminating against you – or at least, failing to give you the opportunity [...]
Posted on April 16, 2013 by Barry Lenson
StraighterLine is proud to announce that Herzing University is now one of our Partner CollegesRead More...
When you first hear about Herzing University and investigate what it’s all about, the first thing you’ll probably think is, “Herzing is America’s only university that is owned by a woman, Renée Herzing. That’s unique.”
Then you read about a Herzing student [...]
Posted on April 4, 2013 by Barry Lenson
If you need financial assistance for college – and who doesn’t? – you need to understand a lot of terms that apply to financial aid.Read More...
If a college admissions officer asks you, “Have you filed the FAFSA,” you need to know what that is. (See below for a definition.) Ditto, if a lender says to you [...]
Posted on March 7, 2013 by Beth Dumbauld
By Susan McCrackin, Senior Director Financial Aid MethodologyRead More...
Can you show me a “typical” college student today? I know I can’t find one. Some come from public high schools. Others attended private schools or were home-schooled. Some started out by taking courses online or at community colleges. Still others began their college studies while they were [...]
Posted on February 12, 2013 by Barry Lenson
You can read about it in dozens of places online. Just at the time when thousands of American students were expecting to get good news about their Pell Grants, they were told that they were getting nothing – not a cent – from the Pell Grant program this year. Most of the students who are [...]Read More...
Posted on January 6, 2013 by Barry Lenson
As you know, Congress and the White House reached an agreement a few days ago that prevented our economy from falling off the so-called “fiscal cliff.” But you might not have noticed that at the same time, American college students and their families dodged a financial bullet too.Read More...
As part of the agreement, The American Opportunity Tax [...]
Posted on December 11, 2012 by Barry Lenson
What exactly is the fiscal cliff that’s been making the news lately? You can define it in many different ways. (The taxes go up, up, up, and the services go down, down, down. That’s one way.) But when you boil it all down, you realize that the fiscal cliff can be defined as [...]Read More...
Posted on December 1, 2012 by Beth Dumbauld
By Sani GolrizRead More...
Just a few short years ago it seemed that college was the natural next step for graduating high-schoolers. It allowed them to move on to a whole new level of education, helping them develop the skills and knowledge they'd need for the bright, shining future that seemed guaranteed on graduation day.
Today, though, the [...]
Posted on November 26, 2012 by Barry Lenson
Students in Record Numbers are Defaulting on Loans . . .
“College students defaulting at record rate,”an article that Meghan Hoyer wrote forUSAToday, reports some sobering statistics that have just been released by the U.S. Department of Education.
Last year's 8.8% default rate surged to 13.4% this year.
Nearly half of defaulting borrowers attended for-profit colleges, despite the fact that [...]Read More...
Posted on November 14, 2012 by Beth Dumbauld
By Danielle KoonsRead More...
I found out today that FAFSA stands for Free Application for Federal Student Aid. So when people say, “Hey, have you applied for FAFSAyet?” they’re really saying, “Hey, have you applied for a free application for federal student aid?” Is it proper toapply for an application? I feel that may be redundant.
Regardless of their poorly chosen [...]
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