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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 […]
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 […]
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 […]
Federal Student Loan Forgiveness Program Rejects Almost Everyone
More than half of applicants were missing 10 years’ of qualifying payments Americans who spend at least a decade in public service jobs and faithfully make their federal student loan payments shouldn’t owe any more. That’s the idea behind a student debt forgiveness program the Education Department launched under President George W. Bush. The first […]
How the Cost of College Is Changing Middle-Class Life
When getting a degree is seen as a moral obligation, families will spend whatever it takes. Everyone knows that higher education is expensive. The average annual price tag for attending an American college is now around $50,000. To pay that, most students receive some combination of financial aid and loans, but schools expect parents to […]
5 Things Every College Student Should Do With Their Money
Leaving home for college is the first time that many young adults find themselves on their own — responsible for attending classes, cooking meals and managing money largely by themselves. It’s inevitable to make a few financial mistakes, even if you’re prepared. But with a little effort, you can minimize them, no matter how green […]
Keeping Higher Education Affordable by Utilizing The Cloud
Colleges and universities will increase their investments in cloud applications and infrastructure by 22.3% by 2023, according to the most recent five-year forecast from the research firm Ovum. The cautious nature of college administrators and professors may have caused them to hold off on cloud computing until it proved its value—but no more. “It’s no […]
The Great Student Loan Scam – A “Stunning” Mess
Let’s take a breather from credit cards for a moment as we look at new numbers from the Federal Reserve Bank regarding consumer debt. Today, the WSJ editorial board weighed in on student loans, wondering about “The Great Student-Loan Scam” and why student loans are not performing well while other forms of debt look strong. […]