As of July 1, 2012, new federal regulatory changes take effect regarding the Federal Direct Subsidized and Unsubsidized Stafford Loans, along with the most recent change passed by Congress: • Recently, Congress passed a new measure for Federal Direct Subsidized Stafford Loans disbursed on or after July 1, 2012 to have a fixed interest rate […]
The Financial Aid process is confusing especially when it comes to meeting deadlines and providing financial documents to verify tax information provided to colleges. Then add to this confusion, a typical high school senior is applying to an average of 6 to 10 different colleges for acceptance and financial aid – it increases the confusion […]
March is the time of year colleges across the country begin mailing and/or emailing financial aid award letters to eligible students interested in attending their respective colleges. Here are financial aid tips when reviewing the many financial aid award letters you will receive during the upcoming weeks. Financial Aid Tip #1 One thing all students […]
Borrowers making student loan repayment on federal loans received under the Federal Direct Loan Program can participate in the Public Service Loan Forgiveness (PSLF) Program. A recent announcement from the Department of Education offers details for borrowers repaying student loans employed with a federal, state, or local government agency, entity or organization or a non- […]
President Obama’s remarks during the 2012 State of the Union Address regarding the cost of college centered on student loan interest rate relief, tuition tax credits and increasing the number of work-study jobs. Also, he challenged colleges and universities to keep tuition rates from increasing or face the possibility of receiving less federal funding. See […]
A new report just released January 2012, by the Georgetown University’s Center on Education and the Workforce answers the question by analyzing employment opportunities for college graduates and salaries based on college majors. In “Hard Times, College Majors, Unemployment and Earnings,” the report states that a college education remains the best alternative for young workers […]
College Financing Group co-founder Rick Ross presented “Making College Affordable” to seniors and parents at Southside High School in Elmira. With over 75 people in the audience we discussed college costs the financial aid timeline, sources of financial aid, loans and making sound financial decisions when selecting and paying for college.
Soon, college Admissions offices will be making decisions on the thousands of applications from high school students. A recent analysis by On Numbers, an online service, shows Princeton University is the most selective college in the Eastern United Sates. Like Princeton, three of the top five eastern colleges are Ivy League schools along with Massachusetts […]
With today’s economy, many prospective students and parents are trying to answer a difficult question, “What is the right price for a college degree?” As college costs continue to rise, CNN’s Christine Romans and Ali Velshi share their views on the value of a college degree and important trends to consider when selecting a college. […]
The following are the two recent Federal Student and Parent Loan programs available to college students and parents of college students to help pay for college prior to July, 1, 2010. Both programs offered borrowers the same Student Loan interest rates (Parent loan interest rates were different) and loan limits and over time a borrower […]