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Home Student Loan Average Student Loan Helping Students Out of Tight Spots This Penn State alum is starting a microloan program to lend students emergency cash at low interest rates. WHAT PROMPTED YOU TO START THIS PROGRAM? I've been giving to Penn State over the years, but I wanted to fill a gap that wasn't being addressed. I began reading about microfinance and I wondered whether such a program could be useful at the university. DON'T STUDENTS GET ENOUGH FINANCIAL A ... read more>>   Hoping To Make Student Loans More Forgiving The Obama administration's proposal to provide relief to student loan borrowers could reduce payments for some college graduates, but the plan won't do anything for borrowers with the most expensive types of student loans, analysts say. The plan, which was unveiled Wednesday, contains two main elements: Expands a program that allows federal student loan borrowers to apply for a reduction in thei ... read more>> I Did Not Want to Borrow More Than I Could Reasonably Pay Back Before 8 a.m. every weekday, Sara M. Harrington and her husband fit their 9-month-old daughter into her car seat and drive a mile to a babysitter's house before going on to the University of Iowa, where Sara's husband drops her at her office. He drives three more blocks to his own office, in the information-technology department of a local hospital. They do the whole thing in reverse at 4:30 p.m. ... read more>>   Low Interest Rates Prompt Proposals to Change Student-Loan Consolidation Limits RECORD-LOW interest rates have made borrowers who consolidated their student loans several years ago -- and locked in what are now considered high rates -- wish they could do it all over again. But under federal law they get only one chance, leaving many disgruntled borrowers to call their Congressional representatives in recent weeks to complain that they, too, want to take advantage of lower int ... read more>> More Average Student Loan articles edition... Minneapolis-Based US Bank Offers Student Loan Breaks U.S. Bank recently rolled out cost reduction programs for student loan borrowers who graduate or maintain good grades. U.S. Bank’s Good Grades Perk rewards students with a 1 percent principal reduction from their original loan amount if they graduate with a cumulative GPA of at least 3.30. The bank’s Graduation Perk program lowers a student’s original loan principal by 2 percent when they show pr ... read more>> New Blow to Private Student Loan Market Private lenders, never a big part of the student loan market, have fled in droves over the past few years. Now some analysts are warning that new legislation and an increasing wave of defaults could drive out the last few holdouts. Sen. Dick Durbin, D-Ill., and Rep. Steve Cohen, D-Tenn., introduced legislation in May that would allow private student loan debt to be discharged in bankruptcy, rever ... read more>> Options For Financial Aid Families who are bracing for the expense of a college education often start thinking about how they will pay for their child's education even before getting accepted to a college or university. It's important to look at all options for financial aid in order to not have too much debt that could follow a student or parent for years come even after graduation. In-state tuition at public colleges ca ... read more>> Student First A return to the Education Department's loftiest echelons made James Kvaal appreciate some similarities there under the Obama and the Clinton administrations. "We've had great leaders in [Education Secretary] Arne Duncan and [Clinton appointee] Richard Riley, who share the same humility, encourage a collegial staff environment and focus on the impact of policies on individual students," Kvaal says. ... read more>> Student Loan Debt Surpasses $1 Trillion Students and workers seeking retraining are borrowing extraordinary amounts of money through federal loan programs, potentially putting a huge burden on the backs of young people looking for jobs and trying to start careers. The amount of student loans taken out last year crossed the $100billion mark for the first time, and total loans outstanding will exceed $1trillion for the first time this ye ... read more>> Student Loans Forgive And Forget One of the great things about America, President Obama told students at the University of Colorado, is that no matter how humble your roots, you still have a shot at a great education. He also told students that his goal is to "make college more affordable." Alas, the president's prescription for making higher education affordable seems likely to yield the same results as his plan for curbing heal ... read more>> USA Funds Prevents $26.5 Billion in Student Loan Defaults USA Funds? reports that it prevented nearly $26.5 billion in defaults on nearly 1.6 million past-due federal student loan accounts during the fiscal year ending Sept. 30. USA Funds' default prevention efforts were successful in averting default on more than 93 percent of loan accounts on which payments were reported by the lender as being 60 days or more past due. USA Funds' default prevention ef ... read more>>

Main Menu Home Search Links Contact Us Current Articles Helping Students Out of Tight Spots Hoping To Make Student Loans More Forgiving I Did Not Want to Borrow More Than I Could Reasonably Pay Back Low Interest Rates Prompt Proposals to Change Student-Loan Consolidation Limits Minneapolis-Based US Bank Offers Student Loan Breaks New Blow to Private Student Loan Market Options For Financial Aid Student First Student Loan Debt Surpasses $1 Trillion Student Loans Forgive And Forget USA Funds Prevents $26.5 Billion in Student Loan Defaults Back Issues Average Student Loan Search Student Loan Sites Student Loan Resource Student Finance Sites Login Form Username Password Remember me Lost Password? No account yet? Register Syndicate