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Which Student Loan Repayment Plan Should You Choose?
December 20, 2012 by William Frierson
What is the best plan for you to pay back your student loans? Check out the following post to learn more about various payment options.Student loan repayment season is nearing, and recent college graduates may be trying to understand the different types of repayment plans, and which ones may be best for them. Let’s explore what repayment plans exist for federal student loans, and how they differ.
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The Types of Financial Aid Available to College Students
October 30, 2012 by William FriersonProspective and current college students should be aware of all financial aid options to further their educations. The following infographic provides information about the types of assistance available to these students. Continue Reading
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Facing the Troubling Realities of Student Loans
September 05, 2012 by William Frierson
Maura Kastberg, Director of Student Services at RSC, Your College Prep Expert
Student loans are part of getting a college degree for most students. Just this year the student loan debt rate reached one trillion dollars. This astounding fact has led many to question whether or not a college education is still worth it. As long as students follow some rules as they take on college debt and again as they pay off that debt getting a college education is more important than ever. Continue Reading
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Focus on Financial Aid – Private Student Loans
August 10, 2006 by chris pennThere’s been a lot of controversy recently about private student loans and their role in the financial aid process. Charlie Miller’s Commission on the Future of HIgher Education recommende scrapping federal student loans like the Stafford Loan in favor of private student loans. The Project on Student Debt says he’s headed 180 degrees in the wrong direction. In today’s show, I talk about:
+ What a private student loan is
+ Where to get one
+ When to get one
+ When NOT to get one
The short version: private student loans are ideal for bridging the gap between what aid you’ve received and what’s left to pay for. They’re not a good first resort simply because their rates are higher than federal student loans at the moment, and certainly they’re much less appealing than scholarships and grants.
Private student loans come into play if you don’t qualify for federal financial aid, or the aid you get isn’t enough. Line up as many scholarships as you can, get as much grant aid as you can via the FAFSA, get your federal loans, and then get private loans.
Check it out at:
The Financial Aid Podcast Web Site
If you have iTunes, visit:
FinancialAidPodcast.com/itunes
As always, please contact me with any feedback, either here, on the show, or on the phone.
