California Approves Nearly $500M in Emergency Aid for Community-College Students
This month, California legislators made news when they opted to provide community-college students with nearly $500 million in emergency financial assistance, a recognition of the extreme poverty and instability some students face. Turns out, something similar is happening in Washington, but at a smaller scale — and leaders of two-year Washington schools are working to give more to their students, too. New […]
Avoid These 3 Mistakes When Applying for FAFSA College Financial Aid
The Free Application for Federal Student Aid – also known as the FAFSA – rolls out Oct. 1 for students who plan on attending college in fall 2020. While college application deadlines may be months away, experts stress that students and their families should file their FAFSAs as soon after Oct. 1 as possible. FAFSA […]
Private College Students Lose Aid in Budget Battle
About 17,000 students attending private, independent colleges and universities in Michigan are affected by the budget battle in Lansing, as they attempt to recover tuition aid after Gov. Gretchen Whitmer vetoed funding for a need-based education grant program. “We’re saddened that vulnerable students are the ones losing after Lansing’s budget battle,” said Mark Martin, financial aid […]
5 Ways To Lower Your Student Loan Interest Rate
Are you paying too much for your student loans? Here are 5 ways to lower your student loan interest rate. 1. Refinance student loans Student loan refinancing is the most effective way to lower your student loan interest rate. When you refinance student loans, you combine your existing federal student loans, private student loans or […]
Most Americans go to College in The Hopes of a Secure Financial Future. Many Don’t Get It
A secure financial future is what most Americans hope to get with their college degree. Yet half of the country’s colleges in 2018 left the majority of their former students earning less than $28,000 a year, according to a new report. A secure financial future is what most Americans hope to get with their college […]
9 Ways Student Debt Is Affecting Every Aspect of Americans’ Lives
Over half of American college graduates are graduating with some student loan debt, with borrowers owing a total of $1.48 trillion, according to the Federal Reserve. For many of these borrowers, the burden of repaying those loans affects their immediate and long-term financial situation. Many student loan borrowers delay major life milestones and are behind […]
Student Loan Debt – How To Crush a Generation
Predatory lending has created a generation financially hamstrung by student loan debt and if something isn’t done soon the economy will suffer. That’s according to several financial experts who are worried about approximately $1.6 trillion in outstanding student loans owed in the country. About one in six Americans owe student loans. Ohio is one of […]
61% of Millennials Have Delayed Buying a House Because of Student-Loan Debt
Sixty-one percent of millennials said they’ve delayed buying a house because of student-loan debt, according to a SoFi survey. Student-loan debt and skyrocketing housing prices make homeownership unaffordable for many millennials. The Fed found that student-loan debt is linked to more than 20% of the decline in homeownership among adults from 2005 to 2014. […]
These FAFSA Mistakes Can Negatively Affect Your Financial Aid
Students can begin applying for the Free Application for Federal Student Aid starting on Oct. 1 Common mistakes include choosing not to apply, dragging out the process and inputting the wrong data High school graduates in 2017 missed out on $2.3 billion in federal grants because they didn’t fill out the FAFSA at all, according […]
Why 100,000 Borrowers Were Rejected For Student Loan Forgiveness
The latest student loan debt statistics show that more than 100,000 people who applied for public service loan forgiveness have been rejected. Here’s what you need to know and what to do about it. Student Loan Forgiveness: Debt Statistics The U.S. Department of Education released the latest statistics for public service loan forgiveness: As of June 30, 2019, 90,962 student […]