Student Loans Articles

Finding Money for College: Great Ways to Get Tuition Assistance

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Finding money for college can be challenging, but we’ve got a list of great resources to help you find tuition assistance and meet your educational goals.

Should Student Loans Be Eligible For Bankruptcy?

Another year of college classes has begun, paid for with another round of student loans. According to a recent article from the Center for American Progress, cumulative student-loan debt increased by 80 percent for students at public institutions and by about 50 percent at both private non-profit institutions and for-profit schools between 1990 and 2008. In […]

College Tuition Increasing Faster than Inflation: How to Cut Costs

According to a recent NPR report, the cost of college has been increasing “faster than inflation, and family incomes can’t keep up.” In the 1970s, tuition at the University of California, Berkeley, was around $700. Today, U.C. Berkeley students pay around $15,000 per year, a 2,000 percent increase. We are stuck in a frustrating cycle: As […]

Federal Student Loan Rates Go Down

On August 9, President Obama signed the Bipartisan Student Loan Act of 2013, which lowers Federal Student loan rates, retroactive to July 1, 2013. The new Federal student loan rates for the current year starting July 1 will be 3.86% for Federal student loans for undergraduates, 5.41% for Federal student loans for graduate students, and 6.41% for Federal PLUS […]

Return on Investment in Paying for College

Paying for college is a big investment. A wise investor wants to know what the return on investment (ROI) will be, but how can you find the ROI for paying for college? And how can you figure out the ROI of paying for a particular major, or for a particular college? The website payscale.com provides starting and mid-career salary […]

Get Out of Debt! 4 Tips for Student Loan Payment

  Dealing with student debt and loan payment can be terrifying.  Often, it requires quite the lifestyle change.  That being said, with the proper information and a solid budgeting system, paying off student loans can actually be rather painless.  The trick is being well-informed. Kirstin Le Grice, staff writer for CollegeFocus, shares four pieces of advice to help you understand […]

Student Loans: The Truth About the Interest Rate Hike

On July 1, the interest rate on federal subsidized Stafford Loans doubled 3.4 percent to 6.8 percent. Back in 2007, Congress passed a law that allowed student loan interest rates to progressively drop from the original 6.8 percent to 3.4 percent over the course of five years. In 2012, it was time to decide what would happen to the […]

Student Loans: 6 Tips to Smart Borrowing

Student loans has become an almost-inevitable part of the college process. However, shopping for student loans is much different than shopping for extra-long bedsheets or mini-fridges. Kevin Walker of SimpleTuition.com offers six smart tips for taking out student loans. Read more…

Most Frequently Asked Financial Aid Questions

As seniors send in deposits to their schools of choice, there’s still something that they’re waiting on: financial aid decisions. Often, your full financial package isn’t confirmed until June, and students and parents can be waiting on edge – especially if they have confusing questions about stepparents, loans, and special financial circumstances. StudentAdvisor talked to Jane […]

President Obama’s Student Loans Slow Jam with Jimmy Fallon [VIDEO]

Talking about student loans is never a fun, but that isn’t going to stop Jimmy Fallon from trying. Yesterday at the University of North Carolina at Chapel Hill, Jimmy Fallon and President Obama turned down the lights and crooned a plea to congress to lower student loan interest rates. The result? Some insightful points made […]

Your Financial Aid Award Letter and What it Means

You’ve got your big envelope! You’ve been accepted to your choice school – awesome! Now comes the the next big step:  figuring out your financial aid package.  It’s important to understand the responsibilities of accepting different types of financial aid such as grants, loans, work-study, and scholarships. However, those financial aid award letters can be downright confusing. Need […]

First Time Applying for Financial Aid? 11 Things You Need to Know

By Purvi S. Mody For StudentAdvisor.com The beginning of a new year brings resolutions, hope, and change. For high school seniors, the next six months marks the end of childhood as they know it and the beginning of the rest of their lives. In just a few months, they will venture out into new territories: geographic, […]