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Daily Aid 43: Financial aid crisis arrives, December scholarships Daily Aid 43: Financial aid crisis arrives, December scholarships Student Financial Aid News From NASFAA and the Wall Street Journal: “As Americans curb their spending and battle to keep up with credit cards and mortgages, another type of debt is starting to overtake people: student loans,” The Wall Street Journal reports. “Although the U.S. has experienced economic downturns before, never has one converged with such high levels of student debt. The fear is that default rates on student loan . . . read full article here . . . How to Get Student Loan with Bad Credit A bad credit means that you had tough times in the past and faced problem in paying your debts. Bad credit does not mean that you cannot apply for the loans. Student loans are available to the individuals with bad credit. You can apply for the federal loan as well as for the student loan from the private financial companies. There are several ways by which you can get the loan for your education even with bad credit. Some of them are: 1. Take some time to improve your credit score You can t . . . read full article here . . . College Financial Aid Congratulations you've made it you're off to college and you're looking at getting your degree and a bright future. Of course one of the main worried for you is the cost of college and how to find the money to pay for all your needs. The average cost for a student choosing a private college can be greater than $100,000. You are looking at providing money for the four years when you may not have much money coming in and a lot of paying out to do. Colleges have got people who can help and advice a . . . read full article here . . . Bankruptcy Student Loans Bankruptcy Student Loans Sunday, November 30, 2008 Student loans generally don’t appear to be dischargeable in bankruptcy outside of special circumstances… Many states use the test determined in: Brunner v. New York State Higher Educ. Servs. Corp. See these links for info on student loans & bankruptcy. http://www.bankruptcyhome.com/studentloans.htm http://www.salliemae.com/after_graduation/ http://www.studentloanborrowerassistance.org/bankruptcy/ More Chapter 7 bankruptcy news comin . . . read full article here . . . Is There Such A Thing As Bad Credit Student Loans? Is There Such A Thing As Bad Credit Student Loans? By Dave Davis | November 30, 2008 by Dave Davis When I was younger, I absolutely destroyed my credit. I got two student credit cards in my first year of school and it all went downhill from there. My parents hadn’t taught me about credit and honestly, my money management in general was just terrible. Since my parents couldn’t help me with school, paying for it was always very difficult. My credit score was terrible - actually under 500. G . . . read full article here . . . Tiffany is Behind in Student Loans, Late On Other Payments, And Looking For Hope Tiffany is Behind in Student Loans, Late On Other Payments, And Looking For Hope Posted by as Ask Steve, Credit Report, Debt Collection, Hope, Student Loans, Web Tiffany wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’ . . . read full article here . . . The Federal Student Loan Bankruptcy Issue - Can I Eliminate My Debts? Ever since in the year 1998 the federal courts made serious changes to the bankruptcy laws, eliminating debts with federal student loan bankruptcy has been extremely difficult to say the least. The truth is these days the elimination of obligations for a federal student loan bankruptcy is rarely a viable option. Most of the time with a chapter 7 bankruptcy the majority of unsecured debts can be eliminated, but with the past default rates student loan bankruptcy has practically been eliminated. . . . read full article here . . . Interesting articles from Clark Howard’s website for November 29, 2008 Some interesting articles from Clark Howard’s website: Affinity fraud nets $100 million from the Jewish community RIP-OFF ALERT: Of all the types of fraud, affinity fraud is one that’s particularly effective because it hinges on dealing with people who are “like you” — hence the name. Human nature dictates that we let our guard down when we’re approached by someone of the same religion, race, profession, etc. Consider this example: The Wall Street Journal reports that the son of a rabbi stole . . . read full article here . . . Consolidate Private Student Loans – Instead of Avoiding Them Students and borrowers alike, should be reminded that when it comes to private student loans – there is no way that we can hide from them and avoid them. If you are beset with burdensome debts, the best thing to do is to consolidate private student loans and enjoy immediate relief. You must remember that college loans are totally immune to bankruptcy. Likewise, do not think that just because you are still a student and not yet employed, you can get away with your loan responsibility. The fact . . . read full article here . . . Student Loan Debt Consolidation - Save With Less Rates, Deal With One Company Student loan debt consolidation is defined as the act of merging multiple loans, turning them into a single loan with the intention of decreasing the monthly installments or stretch the repayment term. There are many reasons why people consolidate such as savings incentives, lower monthly repayments, fixed rates of interests and deferment options. Indeed, it is obvious that student loan debt consolidation has so much to offer to prospective borrowers. That is why many college and university st . . . read full article here . . . Advantages of Consolidating Private Student Loans As the world economy goes for a tailspin, having a professional qualification under your belt has become all the more important, making it an absolutely indispensable factor in recent times. With many companies going for job cuts, it has become a classic example of survival of the fittest. A highly professional degree has therefore become more of a necessity for many and youngsters today have actually realized this fact. If you are a person with moderate means, then in that case a student loan . . . read full article here . . . The Three Main Federal Student Loans Available Stafford Loans This is the most widely used type of federal student loan. The Stafford Loan is available to both undergraduate and graduate students. There are two types of this federal student loan. Federal Direct Loan Federal Family Education Loan There are also two sets of repayment guidelines. Subsidized – demonstrated need for the loan. The borrower is not responsible for interest payments while attending school and the principle is deferred. Unsubsidized – financial need is not demonstr . . . read full article here . . . FAP888: Rachel Schmidt, Cleveland State University Interview FAP888: Rachel Schmidt, Cleveland State University Interview Listen now: Expert Interview I had a chance recently to speak with the director of financial aid at Cleveland State University, Rachel Schmidt, about all kinds of financial aid advice, from finding scholarships to College Goal Sunday to appealing your financial aid award for more aid. A terrific 27 minute interview! 5 most recent Financial Aid Podcast posts Subscribe to RSS headline updates from: Powered by FeedBurner Did . . . read full article here . . . Consolidate Private Student Loans at a Fixed Rate Student loans play a very increasingly important role in the lives of many youngsters who wish to make it big. In any field, whether medicine, engineering or management studies, it is most likely that you would need a student loan. However carrying out a student loan may not be as easy as it might look to be. As it is, in any case, everybody wants to pay off his loans as soon as possible. This is because, the sooner you pay, the lesser you pay as well. This is where consolidating your student l . . . read full article here . . . Student Loans and Grants For Hispanics If you have been accepted into the college of your choice you are probably now looking for ways to pay for your student tuition. Let me just tell you that if you do not have the cash to pay upfront you have two options for the rest of your college life, students loans and grants.You are reading this because you want to stay away from student loans. Let me tell you that you are correct because student loans mean that you will be digging yourself into a financial mess. Do not finish school with . . . read full article here . . . Struggling to Pay Off Student Loans A Bachelor’s in Borrowing FiLife Take: Paying down credit card debt and mortgages have been a struggle for consumers lately. Now many can add another point of stress: paying off student loans. . . . read full article here . . . U.S. moves to thaw credit for consumers The U.S. government introduced a pair of new programs Tuesday that will provide $800 billion to help unfreeze the market for consumer debt. Paulson said key markets for consumer debt such as credit cards, auto loans and student loans essentially came to a halt in October. He added the new programs are aimed to get lending back to more normal levels. The new programs from the Federal Reserve and Treasury Department are the latest effort to provide billions in government support to get the U.S. . . . read full article here . . . The loans that will NEVER GO AWAY Here's a Wall Street Journal article about those friggin' student loans: A Bachelor's in BorrowingLast month, Dan Brown and his roommate headed from San Francisco to Las Vegas. They were aiming to win big so they could pay off their student loans."If you don't try, you can't win," says Mr. Brown, a 26-year-old marketing consultant. He's sitting on nearly $100,000 in loans taken out to pay for his bachelor's and master's degrees. His monthly loan bill is $1,000.Business at his firm has recently s . . . read full article here . . . Some Help For Paying Student Loans Figuring out how to finance those togas — at any age. In today’s Personal Journal, I check up on the student loan repayment rate. The already dismal world of defaults has gotten a little murkier, as recent graduates with record levels of debt struggle to find jobs. While reporting for the story, I learned about a nifty trick involving Upromise, a site from student loan giant Sallie Mae Corp. It involves anyone getting free money, so listen up. Upromise is designed to help parents save . . . read full article here . . . Daily Aid 42: Tuition and preparedness, jobs, mailbag Daily Aid 42: Tuition and preparedness, jobs, mailbag Student Financial Aid News A few days ago, the state of South Carolina’s student loan agency announced that it would no longer be able to meet private student loan needs beginning as early as spring of 2009. As always, feel free to check out www.PrivateStudentLoans.com, a Student Loan Network site, for additional options. One of the quieter discussion topics at the recent MASFAA conference was on the topic of preparedness for college. It . . . read full article here . . . |
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