Posts filed under 'College Student Loans'
Signed into law by President Obama on March 30, 2010, the new student loan reforms will lead to significant savings (estimated at about $62 billion over the next 10 years) for the government and should also help to reduce the deficit over the coming the decade. These savings will come from the elimination of the federal subsidies paid to private banks administering federal student loans. For individual students and their families, however, most of the changes incorporated into the student loan process will not be effective until the year 2014. Those of you who are still not sure how the new student loan reforms affect your particular situation may find the points below to be helpful:
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In A Nutshell: What Students Need to Know About the New Student Loan Reform
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Read the full post (524 words, estimated 2:06 mins reading time) June 6th, 2010
Wells Fargo & Company launched the new Wells Fargo Student Loan For Parents earlier this month. This loan provides families another affordable financing option to help pay the cost of student tuition. Parents and sponsors who take out this loan have the option to make interest-only payments for up to 4 years while the student is in school and can take up to 15 years to repay the loan.
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New Private Student Loan: The Wells Fargo Student Loan for Parents
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Read the full post (378 words, estimated 1:31 mins reading time) May 21st, 2010
Part of a package of proposals outlined by the White House Task Force on Middle Class Families last month (January 25, 2010) was a proposal to enhance the Income-Based Repayment (IBR) plan, which was enacted as part of the College Cost Reduction and Access Act of 2007 and became available on July 1, 2009. The proposed improvements involve capping student loan payments at 10% of discretionary income and discharging student debt after 20 years in repayment.
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New Income Based Repayment (IBR) Plan for Federal Student Loans
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Read the full post (777 words, estimated 3:06 mins reading time) February 25th, 2010
On September 17, 2009, the House of Representatives passed the Student Aid and Fiscal Responsibility Act of 2009 (SAFRA), a student aid bill that constitutes a large and unprecedented investment in higher education in the United States. The bill, which is based on one of President Obama’s key objectives, to help more students have access to higher education, introduces far-reaching reforms of the federal student loans systems and could generate savings of as much as $100 billion.
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Basic Facts You Need to Know about the Student Aid and Fiscal Responsibility Act of 2009
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Read the full post (656 words, estimated 2:37 mins reading time) January 3rd, 2010
Every year many kids go off to college looking forward to the experience. But there are many kids who miss college because they cannot afford to pay. You need to know there are student loans available to you that will be able to pay for your schooling. Student loans are not that hard to get and the only thing really required is proper research along with the right information. Once you have these things in order you should be able to take advantage of various student loans to go to school.
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Students Loans: What They Are and How They Work
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Read the full post (554 words, estimated 2:13 mins reading time) December 23rd, 2009
Lots of people feel overwhelmed by student loans because there is so much information available. If you are one of these people who feel overwhelmed when it comes to student loans, then you really should sit down and read this article.
For most students that graduate from a two or four year degree program and then enter into the workforce, paying back student loans within the 10 year allowable time can be a real challenge. Most students during this first 10 years after graduation will get married, have at least one child, change jobs at least once and will purchase at least one vehicle and most likely a house. All these expenses can be difficult to manage on top of various federal and private school loans that may be outstanding. One major option is to consolidate student
Pros and Cons of Conventional Loans & Tips on How to Get ThemThere will most likely be a situation in your life where you to need to obtain a loan from a bank. There are many types of conventional loans, each with their pros and cons, ranging from secured loans, mortgages, signature loans and car loans just to name a few.
loans, which means borrowing to combine your student loans, pay them off, then pay off the remaining single consolidated loan over a longer repayment period.
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LIMIT YOUR STRESS – CONSOLIDATE STUDENT LOANS (Grants to pay off student loans)
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Read the full post (645 words, estimated 2:35 mins reading time) November 14th, 2009
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