All Posts Tagged With: “Student Loans”
College Loan Debt Just Passed Credit Card Debt!
Americans now owe more money on their college loans than they do on credit cards. I just read about that scary reality on The Wall Street Journal’s website. According to Mark Kantrowitz, the financial aid guru over at FinAid and Fastweb, Americans owe about $829.7 billion in student loans. In comparison, consumers owe $826.5 billion […]
9Aug2010 | Lynn | 5 comments | ContinuedA Cheat Sheet for Repaying Student Loans
If you have questions about repaying a student loan, Mark Kantrowitz, the financial aid wizard over at Fastweb, the scholarship search engine, has written a very handy guide on the topic. His student-loan repayment cheat sheet is hot off the press and full of invaluable information. Here are some of the topics that Repaying Student […]
9Jul2010 | Lynn | 2 comments | Continued
Putting Your College Debt On Hold
I got an email this week from Sharon, a mom who is distraught about her son’s college debt. She was hoping that I had an idea about how he can tackle this debt when he is only working part-time. I did have a suggestion on how the young college grad can reduce his student debt […]
7Jun2010 | Lynn | 1 comment | Continued
4 Things You Need to Know About Federal Student Loans
It’s that time of year when parents and students are thinking about college loans. A few days ago, I wrote a college blog post that answered this question: Federal Student Loans: Where Do I Apply? Today, I want to answer three questions about Stafford Loans, which are the most popular federal student loans. Here’s the […]
26Apr2010 | Lynn | 0 comments | ContinuedThe $555,000 College Debt Mistake
Recently I wrote posts that cautioned parents and students not to take on too much college debt. Why am I being a nag? College loan debt can be toxic. My Exhibit A is a family practitioner in Columbus, OH, Michelle Bisutte, who finished medical school with $250,000 in debt in 2003. Today her college loan […]
17Feb2010 | Lynn | 3 comments | Continued
PLUS Loans: How Much Should Parents Borrow for College?
I wanted to follow up on yesterday’s post: How Much College Loan Debt Is Too Much? In that post I talked about what is an acceptable level of college loans that students should assume. That post prompted Stuart, a blog visitor, to ask me this question about PLUS loans: What about the parents? What is […]
12Feb2010 | Lynn | 3 comments | Continued
How Much College Loan Debt is Too Much?
The typical student graduates from college with $23,200 in college loan debt. That figure, which comes from a recent study from the Project on Student Debt, only includes student loan debt. The $23,200 tab does not include money that parents borrowed through the federal PLUS loan program, a home equity line of credit or by […]
11Feb2010 | Lynn | 5 comments | Continued
Schools With the Best College Financial Aid – For Now
What schools offer the best college financial aid? Last month, I wrote this post: 51 Colleges With the Best Student Financial Aid. Please take a look at the list because it includes schools with awesome financial aid policies that will reduce your stress about how you will pay for college. Researchers from the University of […]
9Feb2010 | Lynn | 1 comment | ContinuedStudent Loan Consolidation and Other Student Debt Strategies
What’ the right way to pay back your student debt? It’s a question that puzzles a lot of college graduates, who are trying to figure out how to best juggle their student loans. For some college grads, student loan consolidation will be a smart idea. What’s also important is choosing the right payment option for […]
7Dec2009 | Lynn | 0 comments | ContinuedStates with High Student Debt and More
10 Best and Worst States for Student Loan Debt Many of the states with the highest student loan debt levels are in the Northeast. In contrast, the states with the lowest student debt levels are in the West and South. That was one of the subjects that I wrote about last week for CBSMoneyWatch.com. In […]
6Dec2009 | Lynn | 0 comments | Continued
