College Resource Center

Jul
10
2014

Waiving College Health Insurance? Consider options and know your benefits first.

Health insurance coverage for college students is a necessary cost that helps keep a campus healthy. However, if a student is covered under another plan the cost of the school based health care program may be waived. Here are 4 key points to know: 1. Are you covered under a parent’s plan? Parent’s with a [&hellip…

Posted by Kenneth O'Connor

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Jul
3
2014

Two student loan questions students and parents always miss

College billing season is in full swing and by now parents and students should be well aware of what is owed. This is when student loans become a necessity, but during all the rush, key financial questions get easily brushed aside. Asking the wrong questions about debt: Families looking to secure a quick college tuition [&hellip…

Posted by Kenneth O'Connor

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Jul
1
2014

Federal Student Loan Interest Rates for 2014-2015

It’s official. July 1 begins the new lending season for Direct Loans, and new interest rates are established for the 2014-2015 academic year. The most common federal direct loans each increased by .8% over last year. Direct Loan Interest Rates for 2014-2015: Direct Subsidized Loans (Undergraduates): 4.66% Direct Unsubsidized Loans (Undergraduates): 4.66% Direct Unsubsidized Loans [&hellip…

Posted by Kenneth O'Connor

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Jun
25
2014

Could “Pay as You Earn” cost borrowers more to repay?

PAYE Attention FINAL

Recent college graduates with student loan debt are preparing for repayment to begin in a few months, and may be looking for some assistance through the expanded “Pay-as-you-earn” program (PAYE) from federal Direct Loans for help. PAYE can really help some borrowers, but it may not be the best fit for everyone and could cost [&hellip…

Posted by Kenneth O'Connor

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Jun
23
2014

What does “Unsubsidized” mean for federal direct loans?

It's time to refinance some old loans with high rates.......

When looking over financial aid award letters, one may notice that there are different varieties of federal student loans. Most common are the unsubsidized or subsidized direct loans. In a prior article, we outlined basics on the subsidized direct loan for undergraduates. Now let’s take a look at the unsubsidized Direct loan program details. What [&hellip…

Posted by Kenneth O'Connor

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