Confused about your student loan options? This cute video from Planet Nutshell explains the differences between federal subsidized and unsubsidized Stafford loans, parent PLUS loans, and graduate PLUS loans in simple terms.
This enlightening post from Common Sense Student Loans argues that the student loan debate going on in Congress right now is preventing us from dealing with the root “disease” of skyrocketing college costs. Student loan debt, author Craig Anderson argues, is a symptom of this much larger issue, and current government proposals are merely Band-Aids […]
Student debt is a huge issue, and borrowers with private student loans get the worst of it. Check out this chart and read on to learn about the differences between federal and private student loans.
With federal subsidized student loan interest rates set to double from 3.4 percent to 6.8 percent on July 1 unless Congress acts, it’s crunch time for government officials to come to an agreement to prevent rates from rising. Sens. Jack Reed (D-RI), and Tom Harkin (D-Iowa) have co-sponsored a bill that would freeze interest rates […]
It’s news to no one that the cost of attendance at U.S. colleges has risen dramatically over the past thirty years, leading more students to rely heavily on student loans and become burdened by debt. In the video below, David Lin, an economics professor at American University, explains why tuition costs have increased so quickly […]
With the national student debt currently at more than $1 trillion and a new crop of recent graduates entering a less-than-stellar job market, keeping interest rates low is essential for reducing overall student loan debt and helping borrowers make their monthly payments. But the current fixed interest rates on subsidized federal Stafford loans are set to […]
Confused about the difference between federal student loans and private loans? Not sure which ones to choose to pay for college? If you need to borrow money to pay for school, it’s best to start with federal student loans, such Direct Subsidized Loans and Direct Unsubsidized Loans, Direct PLUS Loans, and Federal Perkins Loans. Once […]