Thursday | June 20, 2013
Obama Pressures Colleges to Lower Tuition
Good news for future students. Obama is attempting to force colleges to reduce college tuition increases so that college remains affordable for everyone. In a speech Obama made on Friday in Michigan Obama announced that schools will also be held to new performance stand Read more...
Student Loans Exceed Total Credit Card Debt
New figures from reveal that in aggregate, Americans owe more money in federal and private student loans than they do in revolving credit, reports the Wall Street Journal.The Federal Reserve says that Americans owe a total of $826.5 billion in revolving credit debt, mos Read more...
Banks May use Facebook to Gauge Your Ability to Pay a Loan
Social networking sites have been popular with young people since they started appearing on the internet, although they carry with them certain dangers. One threat presented by sites like MySpace and Facebook is they offer criminals to gain information about younger peo Read more...
3.3 Million College Students Victims of ID Theft
Thieves broke into Educational Credit Management Corp (ECMC)—leaving with a portable media device containing very sensitive information regarding federal student loans.
The company reported theft of "personally identifiable information" involving 3.3 million studen Read more...
Paying for College After the Market Plunge
Learn Strategies for Salvaging Your Child's 529 Plan
For most families, the cost of a college education is always a challenge. The introduction of the 529 Plan was supposed to make it a little easier for parents to plan and save for this goal, but the recent market dow Read more...
Financial Aid & Student Loans Gone, Now What?
Q: How does one go about getting education loans to help offset the cost of college after all financial aid and federal student loans have been issued?
KL
To answer this question, Matt offered an excerpt from his new book Financial Planning for Your First Job.
Read more...
College Students Unable to Repay Student Loans
According to the Project on Student Debt, "College seniors who graduated in 2008 carried an average of $23,200 in student loan debt. Meanwhile, unemployment climbed from an already challenging 7.6 percent in the third quarter of 2008 to 10.6 percent in 2009 - the highes Read more...
Overhaul to Student Loan Market
The House of Representatives voted in favor of legislation that makes the U.S. Education Department the sole supplier of student loans. It's going to cut out private lenders and leave the government as the sole provider of student loans under federal programs.
The co Read more...
Paying back student loan debt
Dear Scholarship Guru,
Thank you for writing your article "It's Pay Back Time" in YOUNG MONEY magazine (Summer 2003, p. 26). It's definitely pay back time for me. Your article gave me a few ideas and I really need to find out more about government programs that pay o Read more...
