The latest news, trends and information to help you with your recruiting efforts.

Posted October 31, 2012 by

Financial plan for students – How to fund education smartly

A student loan bag

A student loan bag. Photo courtesy of Shutterstock.

Student debt is growing by leaps and bounds. This is breaking past all records previously held by other lines of credit. For the first time in the history of US, student debt surpassed credit card debt in 2010 and then it overtook auto loans in 2011. Finally, the Consumer Protection Bureau had to admit this March 2012 that student debt has swelled over $1 trillion mark. Therefore, students need to plan their finances to pay for their college fees since the debt relief programs provided by the government are very tough to qualify. (more…)

Posted October 30, 2012 by

The Types of Financial Aid Available to College Students

Prospective 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. (more…)

Posted September 05, 2012 by

Facing the Troubling Realities of Student Loans

Maura Kastberg

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. (more…)

Posted August 10, 2006 by

Focus on Financial Aid – Private Student Loans

There’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:
As always, please contact me with any feedback, either here, on the show, or on the phone.