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NextStudent Inc. to Explore Liquidity Options for Outstanding Auction Rate Notes
NextStudent Inc. announced today that it intends to explore alternatives for creating liquidity for the outstanding auction rate notes issued by NextStudent Master Trust I.
Last-Minute Withdrawal by Lenders Leaves Students Scrambling for Student Loans
On July 28, just a few weeks before the fall semester gets underway, some 40,000 college students in Massachusetts suddenly found themselves facing outstanding tuition bills with no money to pay them, when the nonprofit Massachusetts Educational Financing Authority announced that it wouldn?t be able to provide any private student loans for the upcoming semester. MEFA, the largest issuer of student loans to Massachusetts residents, had already suspended its federal student loan program back in April.
Faltering Economy Eroding Consumer Confidence in Student Loans
Some banking industry experts have long regarded the federal student loan program, established in 1965, as one of the most successful public-private partnerships ever created. A historically steady and reliable source of financing for parents and college students needing help paying for school, the federal student loan program also used to be a mostly risk-free and profitable venture for private lenders issuing government-backed student loans.
Post-9/11 GI Bill to Double Veterans Education Benefits Starting August 1
Some 1.6 million veterans of the Iraq and Afghanistan wars will see their GI Bill benefits more than double from approximately $40,000 to $90,000 as the new Post-9/11 GI Bill goes into effect today.
Student Loans Could Be Forgiven After 10 Years of Public Service
The government hopes a new loan forgiveness program will give students an incentive to consider a career in public service. In exchange for 10 years on the job in a field of public service such as public safety, education, or social work, the Department of Education will erase certain borrowers? remaining federal student loan debt.
July 1 Brings Record-Setting Drop in Interest Rates on Federal Student Loans
As a result of the string of rate cuts made by the Fed over the last year, most parent and student borrowers who have existing variable-rate federal student loans will see their interest rates drop by 3 percent on July 1, 2008 ? the biggest rate drop in the history of the federal student loan program.
Colleges Face Having to Alter Admissions Process Due to ?Stealth Applicants?
A growing trend in how students apply to college is changing the landscape of college admissions, forcing admissions offices to rethink the number of students the school needs to admit and, in turn, how the school awards its available federal grants, student loans, work-study, and other limited financial aid funds.
Study Reveals Slowdown in Foreign Applications to U.S. Graduate Schools
Though the United States continues ? at least for now ? to be the top destination of choice for prospective international graduate students seeking their postbaccalaureate degree, it can no longer take for granted its ability to attract a growing pool of international applicants, according to a report by the Council of Graduate Schools released this month.
Colleges? Search for New Student Loan Lenders Becomes Top Priority This Fall
As some 17 million students prepare for college in the fall, financial aid offices across the country are scrambling to find new student loan lenders to replace those that are no longer offering federal student loans at their institutions.
2008 Online College Rankings Spotlight Availability of Financial Aid
The Online Education Database recently released its second annual Online College Rankings list, highlighting the top 41 undergraduate online degree programs in the country.
Using College Federal Financial Aid Model for Private K?12 Education
At the end of January, in his final State of the Union address, President Bush revealed continuing plans for expanding federal funding of private K?12 schooling with the proposal of a $300 million Pell Grant for Kids program. This program, named after the long-running college Pell Grants program, would provide federal grants to low-income families with children in underperforming schools to help send those children to private, faith-based, or higher performing out-of-district public schools.
Financial Aid ? Understanding Your Financial Aid Award Letter
With several offers on the table, trying to figure out which financial aid package is best for your particular situation can be difficult, especially if this is your first year dealing with the financial aid process. To help you decipher your financial aid award letters, here?s a step-by-step guide to what to look for and what those numbers mean.
College Costs Outpace Inflation, U.S. Falls Behind in Degree Attainment
According to a recent series of joint studies released by the National Center for Higher Education Management Systems and Jobs for the Future, the United States continues to fall behind other major industrialized nations in the percentage of its population that holds a college degree.
Consolidate Your Student Loans and Get up to 20 More Years to Repay
If you?re a former student or college parent with outstanding federal grad school or student loans, you may be able to get up to 20 more years to repay simply by consolidating your federal parent or student loans with the federal student loan consolidation program.
Keeping Study Abroad Affordable as Dollar Sags
With the U.S. dollar at an all-time low and continuing to lose value to other currencies, many college study-abroad programs are becoming increasingly expensive.
Consolidate Your Student Loans and Cut Your Monthly Payments
If you?re a graduate or college parent with outstanding federal college loans, you may be able to lower your monthly student loan payments by up to 42% simply by consolidating your federal parent or student loans. Read on to learn more about your options
Student Loan Consolidation: Turn Your Variable-Rate Student Loans Into One Fixed-Rate Loan
Although Federal PLUS Loans and Stafford Loans are currently issued at fixed interest rates, PLUS and Stafford loans issued prior to July 1, 2006, are variable-rate student loans. The interest rate on these college loans adjusts every year on July 1.
With PLUS Loans From NextStudent Parents Have Access to College Financing Throughout the School Year
As the fall semester draws to a close, families who still need money for college for end-of-semester expenses or for the upcoming spring semester may be able to get the help they need with a Federal PLUS Loan from NextStudent, a leading Phoenix-based education funding company. PLUS loans give parents of undergraduates a low-interest financing option that they can apply for throughout the school year (depending on the final deadline set by the school?s financial aid office). And PLUS financing is available even if your student doesn?t qualify for need-based grants or student loans.
Recent Graduates Having Trouble Making Their Student Loan Payments Should Consider Looking Into Their Deferment and Forbearance Options
If you graduated in May with federal Stafford student loans, you may be facing the prospect of adjusting your budget to accommodate new monthly student loan payments as your six-month grace periods end sometime this month. If you?re still doing temp work, looking for a job, or if you just got stuck with a lower-than-expected entry-level salary, it?s entirely possible that you?re not sure how you?re going to come up with the money you?re going to need each month to a meet a new monthly expense from student loans going into repayment.
Federal Student Loan Consolidation Could Help Make Recent Graduates? Student Loan Repayment Easier to Manage
If you graduated in May with student loans, you may be facing six-month grace periods that are ending sometime this month. Once your grace periods are over, you?ll be entering repayment on those student loans that were in grace.
A NextStudent Guide to Deferment and Forbearance
Sometimes life can put a dent in your budget, making it harder to pay your everyday living expenses and monthly bills. When faced with the loss of a job, going back to school or sudden unexpected expenses like medical bills or car-repair costs, even the most responsible borrowers can find themselves struggling to make their student loan payments.
A NextStudent Guide to Responsible Borrowing
How you handle your finances while you?re in college and graduate school can have repercussions for years after you graduate. Every time you go over your limit on a credit card, apply for a new credit card, or miss a payment?whether it?s on your card, on your car, or on your student loan?it can count against your credit score. And a credit score can drop a lot faster than it?ll go back up: It can take years to repair damaged credit and a low credit score. Bad credit can keep you from being approved for a car or home loan, it can make a landlord choose not to rent to you, and it can even affect whether a potential employer decides whether or not to hire you.
A NextStudent Guide to Understanding the Different Types of Financial Aid
Here at NextStudent, we know that the world of student loans and college financing can be overwhelming and confusing, especially when all the financial aid literature throws around terms like ?consolidation? and ?subsidized,? and alphabet soups like FWS, EFC, PLUS and FAFSA. We always want our customers to feel comfortable with their education financing decisions, and we believe you should be informed about all your financial aid options. So to help you decipher your financial aid award letters and understand your school financing options, NextStudent, a leading Phoenix-based education funding company, offers this quick guide to the different types of financial aid.
A NextStudent Guide to Understanding Your Student Loan Repayment Options
Whether you?re a recent graduate with grace periods about to end, or a new student or parent of a new student just taking out your first student loan, you may have questions about repayment?what your options are, how long you have to repay, what happens if you have trouble making your payments.
Stafford Loans From NextStudent Provide Graduate Students With up to $20,500 a Year for Graduate Study
Graduate and professional degree students looking for ways to finance their graduate studies could get some of the financial aid they need with Federal Stafford Loans from NextStudent, a leading Phoenix-based education funding company.
Undergraduate Stafford Loans From NextStudent Can Help Students Paying Their Own Way Through College
Whether they still have time before their school?s fall financial aid deadline or they?re looking ahead to their tuition bills for the spring semester coming up, undergraduates searching for ways to meet their college expenses themselves could find some of the financing help they need with Federal Stafford Loans from NextStudent, a leading Phoenix-based education funding company.
Grad PLUS Loans From NextStudent Expand Educational Financing Options for Graduate and Professional Degree Students
As the fall semester gets underway, graduate students may be struggling with meeting their tuition bills, program fees and other education-related expenses. Even after grants and Stafford loans, some graduate and professional students may still be left with educational expenses to cover. For those students who need some help meeting the costs of their graduate or professional degree program, Federal Grad PLUS Loans from NextStudent, a leading Phoenix-based education funding company, could provide the financing they need.
PLUS Loans From NextStudent Can Help Parents Meet Children?s College Expenses
With the school year about to begin, parents reviewing their college-aged children?s financial aid award letters may find they?re having trouble meeting their expected family contribution. For situations like these, when parents need some help meeting their undergraduate?s educational expenses, a PLUS loan could provide the financing they need, says NextStudent, a leading Phoenix-based education funding company.
Supplementing an Educational Financial Aid Plan With a NextStudent Private Loan
At this time of year, parents and students alike are usually finalizing their budgets and financial plans for the upcoming school year. As parents and students review financial aid award packages, they may be finding that even after taking into account grants, scholarships, work-study, and state and federal student loans, there are still some educational expenses left to cover. For those remaining educational expenses, a private student loan might be the answer, according to NextStudent, a leading Phoenix-based education company.
Consolidation Can Help Make Federal Student Loan Debt Easier to Manage
In today?s competitive job market, recent college graduates may find that paying off their student loan debt may be more difficult than they had originally anticipated. Some students may find themselves living paycheck to paycheck, sometimes for years, just to get their foot in the door of their chosen careers. That?s why recent graduates with multiple federal student loan payments may want to consider combining them into one easy payment with a Federal Consolidation Loan, according to NextStudent, a leading Phoenix-based education funding company
NextStudent Encourages Students to Take Advantage of Federal Work-Study Opportunities
Since some colleges start posting available work-study positions as early as the summer, students looking to get their first choice of campus jobs in the fall may want to get a head start by already having their résumé and cover letter written and polished. The Federal Work-Study Program provides part-time jobs for both undergraduate and graduate students with qualifying financial need and encourages students to participate in community service and try out employment opportunities related to their course of study. Work-study jobs are required to pay at least the current federal minimum wage but might pay more, depending on the type of work the student does and the skills required.
NextStudent Helps College Students Formulate College Funding Strategy
By now, college students across the country have had ample opportunity to enjoy their summer vacation, and their break from school soon will be drawing to a close. Now is the ideal time to consider more serious matters like how students will plan for their next year of education, according to NextStudent, a leading Phoenix-based education funding company.
Student Loan Repayment Alternatives Suggest Straightforward Debt Retirement Strategy
For many college seniors who have recently graduated, college now is but a fading memory, and the prospect of getting that ideal job is ever present. Many parents relish their child?s commencement when they receive that college degree, a major symbol of not only the effort required for its attainment, but also an indication of even better things to come.
Prepared Parents Pave the Way for College Success
Many parents dream of the day when their children have attained a well-rounded education, a top-paying job, and are equipped with the character to succeed in the working world. Students spend hours of their lives laboring to achieve their college degree; and parents invest years of hard work to ensure that their children have what it takes to get there.
NextStudent?s Fixed-Rate Consolidation Loan Helps Students Manage Debt
Most college students have left finals long behind and are considering their options for summer school, a fun job or other pursuits to occupy their time this summer. According to NextStudent, a leading Phoenix-based education funding company, this is the perfect time of year for students and their parents to consider consolidating their federal student loans, especially if they have a variable rate Stafford Loan or PLUS Loan.
NextStudent Announces Winner of ?Rock My Grad Party? Contest
Matthew Pierre, a junior at Marcos de Niza High School in Tempe, AZ, won a new laptop computer and $5,000 for his school?s Grad Night Party. NextStudent, a leading Phoenix-based education funding company, launched the Web-based ?Rock My Grad Party? contest in April as a way to promote higher education and its Scholarship Search Engine to high schools throughout the Phoenix area.
Parent Loans for Undergraduate Students are a Smart Financial Strategy
So, your child was accepted to the college of her dreams, and now it?s time to start looking for strategies to help fund that college education. NextStudent, a leading Phoenix-based education funding company, recommends Parent Loans for Undergraduate Students, or the PLUS Loan. This loan is federally backed.It allows parents to borrow up to the entire cost of their child?s education (less any federal aid), including books, supplies, and even a computer for the child to use when attending college at least half-time.
Private Consolidation Loan Just Released by NextStudent
Selecting the best means of financing a college education sometimes can be a challenging experience. Many borrowers do not realize that the combination of personal savings and federal funds often does not cover all college expenses, according to NextStudent, a leading Phoenix-based education funding company. Fortunately, private consolidation loans such as the new offering by NextStudent are an excellent low-cost option for covering the funding gap and repaying student debt.
Federal Consolidation through NextStudent Simplifies Repayment of Student Loans
This time of year is rife with high school seniors deciding which colleges they will attend the following year. Additionally, many other students are awaiting the approach of July 1, 2007, the date when new rates for existing variable rate student loans may take effect.
Become Your Own College Funding Resource with NextStudent?s Scholarship Search Directory
There is no question that college costs are escalating beyond the ability to pay for even those of modest means without taking out student loans. New proposed student loan legislation is under consideration to lower interest rates but yet has not been enacted. In addition, individual schools from Ivy League universities to community colleges are implementing their own unique policies and programs to help students finance their college education so they avoid further debt.
NextStudent?s Commitment to Customer Education Seen in Student Loan Blog
The NextStudent Student Loan Blog celebrates its second anniversary this year, and with the recent political changes in Washington continually propelling the student loan industry to the forefront of political debate, its purpose as an excellent watchdog of student loan news and changes in federal student loan policy is more relevant than ever.
Students Spring into Funding College for New School Year
Now that spring break is a gently fading blip on college students? radar, many students are prone to coast through the final weeks of the semester and forget about more serious considerations like planning for next year. High school seniors are in a different boat altogether, diligently working their way through their first Free Application for Federal Student Aid (FAFSA). In their case, it is wise for students and their parents to monitor where they are in the college funding process and plan accordingly, according to NextStudent, the Phoenix-based premier education funding company.
Federal Family Education Loan Program Lender Campaigns for Student Savings
For years, NextStudent, a Federal Family Education Loan Program (FFELP) participant, has been a major proponent of student loan benefits, assisting college students and their parents in funding their college dreams and helping them save thousands in new and consolidated loans in the process, according to the Phoenix-based premier education funding company.
Pay for Study Abroad Programs with NextStudent?s Parent Loans for Undergraduate Students
With the advent of the Internet and international communications booming, college-sponsored study abroad programs are becoming a more important aspect of higher education. These programs, which once were geared toward language and international study majors, have become a ?college experience? staple and a chance for students to really immerse themselves in another culture to learn more about our global neighbors.
Premier Service in Student Loan Industry Offered
Student loan borrowers spend countless hours attempting to figure out the best way to finance their college education, including finding the best rates and deals available from lenders. Sometimes the best deals are not those that just sound great over the phone but are backed by the solid standing and integrity of the lender and its representatives. If ever there is any doubt, it is best to have the company put the facts in writing.
Students and Parents Can Choose Lenders When it Comes to FFELP Loans
Students who fill out their FAFSA and qualify for Federal Loan Programs such as subsidized and unsubsidized Stafford Loans and PLUS Loans, can have their loans processed through two federal programs: the Direct Loan Program (DLP) or the Federal Family Education Loan Program (FFELP). The difference between the two programs is ?the who? behind who funds the loans.
Single Consolidation offered from NextStudent for Multiple PLUS Loans from Multiple Children
The federal PLUS Loan? Parent Loans for Undergraduate Students, is a smart and easy way for parents to pay for their child?s college education. The PLUS loan is not based on financial need or income, so most people qualify for the loan. Since it is a federal loan, the interest rate is as low as 8.5 percent. These loans help families meet college costs, beyond tuition and fees, at below-market rates and with generous terms. Parents can borrow up to 100 percent of the total college costs, less any financial aid received.
Regardless of Need, Students Qualify for Stafford Loans through NextStudent
A federal Stafford Loan is one of the most affordable ways for students to pay for their college education. Stafford loan rates are lower than other forms of consumer financing, and repayment is postponed until the student is out of college. However, according to NextStudent, the Phoenix-based premier education funding company, many people do not realize that there is a Federal Stafford Loan Program that is NOT need-based. Anyone from Donald Trump?s daughter to Donald Duck?s son (if he wasn?t a cartoon character that is) can apply and qualify for the unsubsidized Federal Stafford Loan Program.
NextStudent Offers PLUS Loans for Graduate and Professional Students
As the job market in the United States continues to generate a need for applicants who are highly competitive in specified fields from technology to the ever-growing medical field, undergraduate students across the country are beginning to feel the squeeze as graduate and professional degrees become ?must-haves? for even intermediate and entry-level positions. According to Phoenix-based NextStudent, a premier education funding company, the proliferation of graduate and professional programs has led to new sources of education funding designed to benefit these goal-orientated students who are, in essence, beginning their career by continuing on in their education.
Private Student Loans through NextStudent Help Subsidize Federal Student Aid
The cost of higher education is on the rise across the United States, and many students and parents are feeling the crunch since federal student aid is not able to cover the total cost of college. As a result, NextStudent, the Phoenix-based premier education funding company, offers private student loans for undergraduate and graduate students who are unable to cover their education costs with federal aid.
July 1, 2006 Extension on Student Loan Consolidation Coming to an End
Most student loan borrowers are unaware that as of July 1, 2006, the Department of Education placed an extension on the deadline. The extension allows student loan borrowers to receive pre-July 1, 2006 interest rates if they have a partially completed application on file with a lender.
Private Student Loans from NextStudent Help Students Stay on Course to Pay for College
There are some people who think a college education is not worth the effort or the price. Higher education costs are on the rise and seem out of reach to many prospective college students. As most people cannot afford the cost of college, there are a variety of student loan options available, according to NextStudent, the Phoenix-based premier education funding company.
Federal Stafford Loans from NextStudent Have Great Incentives on Already Low Rates
After exhausting all forms of ?free money? for college, such as scholarships and federal grants, the next best thing for students are federal student loans to help them pay for school. Federal Stafford loans have low interest rates and are more appealing when they feature benefits and incentives, according to NextStudent, the Phoenix-based premier education funding company.
PLUS Loans through NextStudent Help Parents Pay for College
Some parents think they need to dip into their savings to help pay college costs for their children. After years of putting away hard-earned funds into a savings plan that should be geared toward emergencies and the future, parents should think twice. NextStudent, the Phoenix-based premier education funding company, offers PLUS Loans ? Parent Loans for Undergraduate Students, a smart alternative for parents.
Student Borrowers Save More with NextStudent?s Consolidation Program
Some student borrowers may have missed the July 1 deadline to consolidate their federal student loans before the interest rate increase, but there still is time to consolidate at low rates especially if students are in their grace period. NextStudent, the Phoenix-based premier education funding company, advises students with federal Stafford loans issued prior to July 1 to consolidate and automatically receive a .6 percent reduction on already low rates.
Variety of Student Loan Options Available through NextStudent
As tuition at state colleges increases every year along with the increasing inflation rate, students and their parents often wonder how to pay for the entire cost of college. Oftentimes, federal student loans do not cover the full cost of tuition. However, NextStudent, the Phoenix-based premier education funding company, has a variety of ways to make it possible to receive that college degree.
College Students Can Receive Private Student Loan Funds from NextStudent Before Fall Semester Begins
With the approaching fall semester, many college-bound students still are in need of essential funds for school. Whether students need funds to cover the full cost of their tuition and expenses or funds to supplement the financial aid they received, NextStudent, the premier education funding company, can help students through its Private Student Loan Program.
Private Student Loans Through NextStudent Help Students Fund Their Education
College students who have not secured their funding for college or who were unable to cover their total education costs with federal aid have another option. NextStudent, the Phoenix-based premier education funding company, offers private student loans for undergraduate and graduate students.
NextStudent?s Graduate PLUS Loans Available to Fall Graduate Students
Numerous graduate students who are starting classes this fall now are scrambling for the funds needed for their tuition and other educational expenses at graduate school. With the high cost of graduate school and the fall semester just around the corner, graduate students still have time to get the funds needed to help cover the full cost of their education, according to NextStudent, the Phoenix-based premier education funding company.
NextStudent?s Graduate Plus Student Loans Help Students Attain an Even Higher Education
For college students who desire to attend graduate school but do not think it is in their financial reach, there is an alternative. Students can easily actualize their goals through a program that features the benefits of a parent student loan but funding that is distributed directly to the student, according to NextStudent, the Phoenix-based premier education funding company.
NextStudent Offers Low In-School Consolidation Rates Before July 1 Deadline
Student loan borrowers in less than three weeks will come face to face with new legislation changing rules and regulations and increasing interest rates affecting federal student loans. Most notable is that federal student loan interest rates on July 1, 2006 will increase 1.84 percentage points, the second-largest interest rate hike in the history of the program.
Consolidation Locks in Students? Federal Loan Rates before July 1 Increase
After weeks of speculation about the upcoming expected interest rate increases, student borrowers now know that their federal student loan rates will jump 1.84 percentage points on July 1, 2006, less than five weeks away.
Consolidate Student Loans before July 1 for Best Rates, Incentives
The road to student loan consolidation is about to take a sharp turn, as interest rates and rules are slated to change on July 1, just about five weeks away. Interest rates on federal student loan consolidation are expected to increase approximately 2 percentage points, making payments much more difficult for student loan borrowers.
Students can Lock in Lower Interest Rates on Student Loan Consolidation Before July 1 Deadline
In a little more than six weeks the interest rate on federal student loans is expected to increase. Recently short-term interest rates increased by 25 basis points, and the new target rate for federal funds is 5 percent. With the anticipated rate hikes so close, student loan consolidation is advisable for student borrowers who want to lock in rates before the July 1 deadline.
Students Should Consolidate Loans before July 1 Deadline
There roughly are seven weeks remaining until interest rates on student loans are expected to greatly increase and rules and regulations will change. College and graduate students alike will feel a major pinch unless they now take action to consolidate their student loans.
Conyers Joined by 10 Congress Members in Lawsuit to Declare Deficit Reduction Act Unconstitutional
The Deficit Reduction Act of 2005, S. 1932, that was signed into law on Feb. 8 by President Bush continues to come under fire. Another lawsuit to declare that the legislation is unconstitutional was filed April 28 by Rep. John Conyers Jr., D-MI, ranking member on the House Judiciary Committee, who was joined in the suit by 10 Congress members including Rep. George Miller, D-CA, ranking member, House Committee on Education and the Workforce.
NextStudent Enters Securitization Market For First Time
NextStudent Inc., through its affiliate companies, last week completed its first securitization of student loans when the NextStudent Master Trust I issued $571 million in Auction Rate Student Loan-Backed Notes in a nonregistered private offering
Durbin, Miller Introduce Bill to Cut Student Loan Interest Rates
In an effort to cut the interest rates in half on student loans before they increase on July 1 and to provide better access to college, Sen. Richard J. Durbin, D-IL, who also serves as assistant senate Democratic leader, in conjunction with Rep. George Miller, D-CA, senior Democrat on the House Committee on Education and the Workforce, introduced April 13 the Reverse the Raid on Student Aid Act of 2006, or H.R. 5150. Interest rates would be cut for student borrowers and parent borrowers alike.
Single Lender Rule in Hands of the Senate; Students Urged to Speak Out
The U.S. House of Representatives on March 30 voted to extend for six years the Higher Education Act of 1965. The bill called the College Access and Opportunity Act, or H.R. 609, includes a student loan provision that would repeal the single holder rule. Other items include the reauthorization of financial aid through 2012, student loan forgiveness provided for service in areas of national need, and a requirement for lenders that consolidate to provide more information to borrowers.
Nextstudent Flies Extra Mile To Ensure Reconsolidation Applications Arrive On Time At Department Of Education
This is the last chance for borrowers to reconsolidate their student loans and receive benefits and incentives before the Department of Education ceases to accept applications, as reconsolidation no longer will be available after March 31.
NextStudent offers students last chance to reconsolidate and save thousands
PHOENIX ? March 28, 2006 ? NextStudent, http://www.nextstudent.com/, one of the nation?s premier education funding companies offering both consolidation and reconsolidation programs, offers students their last chance to reconsolidate student loans. There only are two days left to reconsolidate, as the option no longer will be available anywhere after March 31. Borrowers now must take advantage to reduce their monthly payments and save thousands before reconsolidation is a thing of the past.
Reconsolidating is a Legitimate Way to Help Students Save Thousands
Student loan reconsolidation is a prime example of how graduates can ease their financial burden after college. Many college graduates and even students still attending college take advantage of student loan consolidation, which bundles together all of a student?s loans into one easy payment at one set interest rate. With reconsolidation students can receive additional financial and program benefits.
First Lawsuit Filed to Challenge Deficit Reduction Act
Students and concerned citizens may see some recourse after the upset of the passage of the Deficit Reduction Act, S. 1932, that was approved narrowly Dec. 21 by the Senate and then signed into law Feb. 8 by President Bush.
Student Loan Consolidation to be Affected by Recent Laws
The passing of the Deficit Reduction Act of 2005 in February brought with it major cuts to the federal student loan program. Along with cuts to other federal programs such as Medicare, Medicaid and food stamps, the student loan program was hit hardest, with a whopping $12 million in cuts.
William D. Ford Student Loan Consolidation
Looking for a way to pay your way through college? The William D. Ford Student Loan is the newest federal financial aid program that was established for college students in 1994. While older student loans for college forced students to apply for loans through private banks, these days students are able to receive direct loans through the U.S. Department of Education, because of the William D. Ford Student Loan Program. These loans are applied for through the FAFSA (Federal Application For Student Aid) and are then distributed directly (if accepted and applied for) to your school to pay for your education.
The Federal PLUS Loan Program
College is a time filled with important decisions and problems that must be solved in order to ensure your future and positive results at the time of your college graduation. Everything from choosing a college to choosing your roommate to choosing your computer for college can rack your brain and make the decisions that much harder. So, why not let one decision fall squarely on the shoulders of your old standby? Your parents. With the Federal PLUS Loan Program, your parents can help you to obtain loans that will put you through college.
Stafford Loan Consolidation
A Stafford Loan, can help to finance your way through a college or university.
Scholarship Search Engine
Getting scholarships for college is not the hard part ? but actually going out and finding scholarships that fit your requirements is! For years, high school guidance counselors used to suggest possible scholarships to students or give them large booklets filled with hundreds and thousands of college scholarships. Going through these books and actually finding a scholarship became a task all in and of itself. With the popularity of the internet though, finding a scholarship for college through a search engine has never been easier and has even been made simpler through the usage of specific search engines tailored just for college scholarships!
Scholarship Search
So you?ve made the decision to go to college? Great! But the decisions are just beginning for you, as in the coming months, you will need to make dozens of decisions concerning your future. While searching for scholarships may be one of those tough decisions, make it a whole lot easier by following these 10 simple things that you will need to do before applying for scholarships.
Refinance Student Loans - How and Why?
Let?s face facts. Going to college these days, especially private universities, is no cheap task and can put you well into debt before you even enter the ?real world? for yourself. Most people, especially young college students, do not have the tens of thousands of dollars to pony up every year for college tuition either. Therefore, most college students choose to use student loans to put themselves through college, whereby they can pay the tuition without breaking a sweat. However, when it comes time to graduate from college and pay these student loans back, many people do not know where to begin. How about refinancing these loans before you even start anything else?
Private Education Loans
Sometimes, financial aid, scholarships, and federal grants and loans are just not enough to help you pay your way through college. Also, sometimes a federal loan is just not what you are looking for, as you must abide by the strict regulations surrounding the loans and must follow specific plans to pay back these loans. In these instances, why not apply for a private education loan through a company that specially tailors a loan just for your specific educational purposes?
Pell Grants
While loans are an effective way to pay your way through college, wouldn?t it be nice to have your college education essentially paid for you by the federal government? With a Federal Pell Grant, you can receive the necessary money to attend college without worrying about paying back a loan, because a Pell Grant does not have to be repaid after you finish your college education. Still, it is important to understand that not every college student is eligible for a Federal Pell Grant while they are attending college.
Parent PLUS Loans
Do you have good credit that you would like to put towards the further education of your child? Is your child planning on becoming a student at an American college or university? Is your child a dependent and planning on attending this college or university as an undergraduate at least ?half-time? during the college or university semester schedule? If these questions apply to you, then a parent PLUS loan just may be the best option for financing the education of your child.
How to Search for Scholarships
Finding scholarships for college or a major university is a lot like picking an actual college. It is not an easy process or something that just happens overnight, but rather, it takes hard work, dedication, and a lot of research to find the scholarship opportunities that are best for you. On the one hand, you are putting a lot of time, work, and effort into finding a scholarship. But just think about the thousands of dollars that you can save by obtaining a scholarship for college.
Financial Aid Options
Before entering college, you may find yourself pondering exactly how you will be able to pay for college. Many public colleges and universities cost thousands of dollars, while private colleges and universities can cost $10,000, $20,000, $30,000, or even more just to attend. Before getting too worried about these high prices, it is important to know that help is just a click of the computer mouse away, as the internet can help you to find the financial aid option that is right for you!
Consolidation of Debt and Student Loans
So you have finally got the degree, but were you surprised with what came along with it? A pile of debt and student loans that need to be paid back starting very shortly after college! Whether it is a Federal PLUS Loan or a loan obtained from your local bank, chances are that a college graduation also brings collection agencies to your mailbox, as everyone wants to be paid back for helping to provide you with a college education. But, while you are writing out all these checks to different loan agencies, have you considered and thought consolidation through yet? Better, yet, do you even know what consolidation is?
Consolidate Loans Before the Rate Change!
Have you ever heard the old adage, ?There is no time like the present?? Well, if there was ever a time that that advice was very necessary, today is the day, as when it comes to debt consolidation on student loans, today is definitely the day to consolidate. Debt consolidation on your student loans can help you to save hundreds of dollars every year, as it helps to cut down the interest rates that you are currently paying on a variety of different college student loans. By cutting down these interest rates, you pay less money to repay your student loans. And the present just happens to be the best time to complete this process, as consolidation rates are so low that you can save even more money these days by using debt consolidation on your student loans!
Private Loan Consolidation - When Federal Consolidation is Not an Option
Sometimes, when it comes down to your money, it is better off just handling it yourself and putting it into the trusted hands of someone who will make the wisest decisions with it. With that in mind, once you graduate from college, it is very likely that you will be saddled down with student loan debt and any other debt accrued during your college years (i.e. credit card debt). In situations like these, federal consolidation may either not be an option or just might not be the best option for your current needs. When this happens, think about using a private loan consolidation to get you out of dire financial straits. This can still save you money and will allow you to be less tied down by your student loan debt.
PLUS Loan - Why Choose a PLUS Loan?
A PLUS Loan can be your ticket into college, but it really has more to do with your parents than it has to do with you. What exactly are PLUS Loans? Well, basically, a PLUS Loan is a loan that must be obtained by your parents in order to pay off your educational tuition. If you are a dependent of your parents and a future undergraduate student at any college or university within the country, a Federal PLUS Loan might be the right choice for your family. Additionally, your parent?s credit history must be in good standing in order to receive a PLUS Loan for you.
No-Cost Student Loan Consolidation
A no-cost student loan consolidation ? doesn?t that just sound too good to be true? Think about it. You have just accrued thousands of dollars in debt through student loans after 4 years of college, or possibly even more. Then, a company offers to take all of your loans off of your hands, put them into one central loan, and do it all for free! Well, while it might not be too good to be true, it all depends around your particular situation, which could make this a ?free? process, or could still work out to the benefit of the consolidation company that you are working with throughout the process.
Private Loan Consolidation
College life teaches you how to stretch a dollar, how to make a pizza cover breakfast, lunch, and dinner, and how to get the most out of your money. That said, when your college education is over and achieved, the student loans following it should not last a lifetime and follow you throughout your career!
Federal Student Loans versus Private Student Loans ? which is best for me?
You have gotten all the grants and scholarships you can, but you still need money for your education. It?s time to look at loans. But which is better ? federal loans or private loans?
Student Loan Consolidation ? How does it Work?
Student loans are a great source of financial aid for students who need help paying for their education. Unfortunately, students often leave college with burdensome debt. In addition, they often have multiple loans from different lenders, meaning they are writing more than one loan repayment check each month. The solution to this problem is loan consolidation.
College Savings Plans ? are they the best choice for my child?
College savings plans could be the best way to help fund your childs education. Learn more about the College 529 savings plan here.
College Loan Consolidation - Why NOW is the Best Time
If you are thinking about using loan consolidation to possibly lower your monthly student loan payments, then now is the time to start consolidating and lowering those payments. Never in recent history have the interest rates on student loan consolidations been quite as low as they are these days. What does that mean for you? Quite simply, you will be receiving the best available deals for debt consolidation when you choose to consolidate your student loans now and here. Whether you have just a small amount of student loan debt or a very large amount, consolidation can start helping you to lower your monthly payments NOW if you get started on it right away.
Student Loans are Better than Credit Cards
You need some more money for college expenses this semester. Do you whip out a credit card to pay for your books or do you apply for a federal or private loan? Well consider the options
Parent Loans or Student Loans - what is going to be best for my child?
Which is the better option - student loans or parent loans? Each has distinct advantages and uses, learn about them here!
Private Student Loans - dispelling the myths
If savings, grants, scholarships, and federal loans don?t cover the cost of your education, it?s time to turn to private loans. But young college students can?t qualify for a private loan, can they? Wrong! This article addresses this and other myths about student loans that you may run into.
College Debt - how to avoid it, and how to get out of it
Is this the price you have to pay for higher education, or can you avoid college debt in the first place?
Consolidating Federal Student Loans Keeps Graduates on Course
Although many people have achieved the dream of completing their college education, many of them face an unfortunate downside following graduation: paying back the inevitable student loan.