A frequent question I see through Twitter and our forums is that of interest rates: “where can I get the lowest one?”, “how are federal loan rates different than private ones?” Well, let’s walk through both and figure out exactly how it all shakes out.
Continue reading...Wednesday, March 31, 2010
Yes, and in fact… you can get a lot more per year than when you were an undergraduate. Did you know that the lifetime limit for borrowing federal student aid is $138,500 for most PhD candidates? If you are going for a medical PhD, it’s even higher at $224,000
Continue reading...Tuesday, March 2, 2010
Unlike federal student loans, private student loans do not have a universal fixed interest rate.Private student loan interest rated are calculated based on a published index, such as the Prime Rate or LIBOR, and a margin based on your credit score and credit history. Private student loan interest rates fluctuate over time and interest begins accruing as soon as the loan is disbursed.
Continue reading...Thursday, November 19, 2009
I'm sure the title of this blog alone has fired up some staunch federal student loan supporters.
Continue reading...Monday, October 5, 2009
The Department of Education has recently announced that the Free Application for Federal Student Aid (FAFSA) is getting a facelift. The new FAFSA will be shorter and more intuitive than ever before.
Continue reading...Monday, July 20, 2009
When you hear the term “federal student aid” that can be classified into one of three categories. Grants: Free money that doesn’t have to be repaid, except in some cases when you withdraw from school
Continue reading...Wednesday, April 1, 2009
I’m happy to say I don’t hear this claim often, about children forging their parents name on student loans , but I do hear it enough that I felt it was blog worthy. Parent Plus loan are probably the most victimized loan type. The Parent Plus loan lists the parent as the primary borrower on behalf of the student
Continue reading...
Monday, April 12, 2010
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