It’s too bad that Uncle Sam ever got into the college-financing business. The feds have no constitutional authority to lend money to students (or anyone else) and millions of students have gotten themselves deeply in debt for education of dubious value. Easy federal loans were essential in fueling the “college for everyone” movement that has raised the cost and degraded the educational value of earning a degree.
Most people pursuing public service loan forgiveness discover at some point that they don't qualify, for one technical reason or another.
That may be because their loan type is ineligible or they're not in the right repayment plan.
The Public Service Loan Forgiveness program was signed into law by President George W. Bush in 2007 and allows not-for-profit and government employees to have their federal student loans erased after 10 years of on-time payments.
he College Promise Campaign is a national, non-partisan initiative to build broad public support for funding the first two years of higher education for hard-working students, starting in America’s community colleges. We want the first two years of college to become as universal, free, and accessible as high school has been for nearly a century! While this is a national movement, local communities and states are leading the way to create College Promise programs, which cover tuition and fees leading to a community college degree or occupational certificate.
Several low-cost, fixed-rate loans are available to undergraduate students, graduate students, and parents of dependent undergraduate students from the U.S. Department of Education’s Direct Loans and Perkins Loans programs. Find out more about federal student loans.
Want to go to college but wish you could avoid tuition? It's possible. Schools throughout the country offer free tuition to admitted students. But read the fine print. Students may have to hail from a certain state or region or come from a low-income background. Some schools require on-campus work or service after graduation.
Updated on Sept. 10, 2018: This list has been updated to reflect information for the 2018-2019 school year.
WATERVILLE — A graduate of Colby College has given the school $2.5 million, which will be dedicated entirely to financial aid for Maine students.
In a news release from Colby, the college announced that Steve Ford, who graduated from the college in 1968 and is a native of Gardiner, has committed to providing the support for Maine students at Colby, where he received financial aid and has family ties.
The Connecticut House of Representatives gave final passage Wednesday night to legislation that opens financial aid in the state to “dreamers,” the undocumented immigrants brought here as children, only to find themselves priced out of higher education as they come of age.
When it comes to determining a good SAT score for college applications, the answer depends on a student's ambitions.
The SAT, an admissions exam many colleges and universities require of applicants, is administered by the College Board and scores students on a scale of 200 to 800 for various sections. The new SAT was released in March 2016 and tests students on evidence-based reading and writing and math, with both sections worth a maximum score of 800 each. The essay portion is optional.
Here's a secret to help your child grasp the real impact of student loan debt: Don't just think about the huge sum you've borrowed — focus on what you'll repay each month.
About 30 percent of college students said they feel confident with the financial terms associated with student loans, according to a survey by College Ave Student Loans. The lender recently polled 1,075 undergraduates.
A few colleges and universities help students avoid crippling debt by offering generous financial aid packages.
When it comes to debt, last year's college grads who borrowed student loans took on nearly $30,000 in loans to pay for their education, according to data reported to U.S. News in an annual survey. For that reason, college affordability is a top concern among many prospective students.
HUG is NOT refinancing, consolidation, settlement or bankruptcy. It will not damage or freeze your credit. Our typical client will be debt-free in half the time or less, including mortgage, credit cards, student loans and other types of debt obligations, compared to their current schedule. Most clients will pay less than 3% interest over all.
Less than 10 minutes to learn if this may be the right solution for you.
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"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
The road to success is always under construction
– Lily Tomlin
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
