Category: Financial Aid News


Students and parents stressed out by college application process

Posted on March 7th, 2013

According to the Princeton Review’s annual survey of college-bound students’ hopes and worries for 2012, figuring out how to pay for college is one of the greatest source of both college-bound students and parents’ worries. Results are are based on responses from 10,650 people, about 70% college-bound students and 30% their parents, from all 50 states, Washington […]

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What the sequestration means for college students

Posted on March 4th, 2013

After President Barack Obama and Congress failed to reach a deal on February 28 to avoid a series of devastating spending cuts, colleges are scrambling to respond to the threat of massive reductions in funding for research and development, student financial aid, and workforce training programs. For prospective college students, the funding cuts for work […]

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A look at the metros with the best credit scores

Posted on February 26th, 2013

Many students are finding out the hard way that without decent credit, securing a student loan with favorable terms can be a difficult undertaking.

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Why interest rates on student loans remain stagnant

Posted on February 20th, 2013

One of the only real benefits of the Great Recession is the fact that borrowers in almost every sector have been able to enjoy record-low interest rates.

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IRS program aims to speed up FAFSA application process

Posted on February 19th, 2013

Tax season has been running on a delayed schedule in 2013 compared to past years as wrangling on Capitol Hill between Senate Republicans and Democrats over a resolution to the dreaded “fiscal cliff” pushed the start-date for filing to January 30 – roughly two weeks later than in past years

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Increased pressure on President Obama to take actions against student loan debt following State of the Union Address

Posted on February 14th, 2013

According to a new study released by the Center for Responsive Politics, 46 members of Congress currently have outstanding student loan debt, showing that while many citizens might view politicians as out-of-touch with the needs of the general public, many lawmakers are dealing with debt burdens themselves.

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Group of senators reintroduce legislation to include private student loans in bankruptcy filings

Posted on February 13th, 2013

Currently, when an individual declares bankruptcy, his or her student loans are not included in the debt forgiveness or discharge that comes about as part of the process.

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Americans borrowing more for student loans and spending less on credit cards, report shows

Posted on February 8th, 2013

On Thursday, February 7, the Federal Reserve released a report showing that in December 2012, consumers nationwide increased their borrowing for items like student loans and automobiles.

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A look at the changing ways families are paying for college

Posted on February 6th, 2013

Over the past several years, the ways that families go about paying for college have shifted dramatically as schools have gotten more expensive and the national economy has grown increasingly turbulent.

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Reports find “official rankings” mean little to students deciding where to attend college

Posted on February 5th, 2013

U.S. News and World Report publishes annually its Best Colleges list to help students narrow down their choices for where to enroll in the fall. Although this list is a big factor in the decisions of many incoming college freshman, a new report shows that a school’s ranking will hardly make or break a student’s final choice of college.

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