February kicks of Financial Aid Awareness month, a time when current and soon to be college students must follow through on the time honored tradition of completing the Free Application for Federal Student Aid aka The FAFSA. The FAFSA is the first stop for students looking for financial assistance to help cover the high costs …

Student loan forbearance is a loan repayment option made available to borrowers having difficulty making payments towards their loans. It allows for the borrower to greatly reduce the payment due, or to suspend any payment on a loan until a future date. Forbearance is typically requested when a borrower is facing financial difficulty. Most commonly …

Judith Scott-Clayton features statistics on average student loan debt totals including details on where and how long students attended. Some of the info is eye opening, especially with the topic getting a lot of attention with Occupy Wall Street. Check out the full article…

Comparing loan applications feels like tedious work until you realize that taking a few minutes to compare your options will save you thousands of dollars. It’s amazing how most people will agonize for hours over buying clothes or electronics, but when it comes to loan shopping there is no effort. Learning about what’s available is …

Were your mid-term grades lower than expected? Have you been unable to keep up with class thus far in the semester? Why? Well if you are having a hard time in college classes right now, it may be because you are not studying very much. You may need to increase your focus on your school …

A recent survey from Sallie Mae and Gallup asked American families how they would cover college expenses. 24% of parents responded they would dip into retirement savings to help with their child’s tuition costs. This is an alarmingly high number and also a sign that families are keeping education a high priority. Of course families …

After much anticipation for the announcement from Obama about adjustments to federal student loan repayment plans, some borrowers are feeling a bit underwhelmed. While the plan offers some positives as mentioned in my post yesterday, not every borrower will benefit. Financial aid expert Mark Kantrowitz wrote in the New York Times… “Recent college graduates, for …

President Obama is set to announce some changes in the Federal Direct Loans program that may help alleviate some of the financial distress that some student borrowers are facing. In order to assist former students in the repayment of their federal loans, the following announcements are anticipated: A reduction in the maximum required payment on …

I walked through my college book store and was in a state of price tag shock. World regional geography review book: $98. Physics textbook: $114. Anatomy and physiology text with nice diagrams: $188. A book for economics: $126. The expensive book about economics made me laugh because I made a decision not to buy it …

One of two things happens when anyone submits a loan application; either it gets approved or denied. This goes for auto loans, home loans, business loans and of course student loans. Getting approved can feel good, but getting denied brings out the opposite side of the emotional spectrum; it feels bad. When it comes to …