Student Loans By the Numbers has a great new graphic that helps you think about the value (and the cost) of a college education. It’s definitely a great tool to help you conceptualize the costs, and to really consider whether it’s wise to take out a ton of loans to finance your undergraduate education. The folks there said I […]

New Student Loans Require Payments While in School

Sallie Mae, the largest private lender in the student loan market, will no longer defer interest until graduation. Starting today, all new student loans require payments while in school. Payments while in school will be up to $160 per month. Payments after graduation will also go up, from $250 to $328 (but with a shorter […]

The Benefits (and Risks) of a GAP Year In Tough Economic Times

The New York Times carried an article yesterday, entitled Delaying College for a Year Could Have Benefits, which lays out a few creative reasons for putting off college for a year. The financial arguments boil down to this: 1.  President Obama’s proposed changes to federal student aid may put a few hundred dollars more per […]

Taking Out a Student Loan? Listen To This First!

OnPoint, a radio production of WBUR and NPR, ran a story this past week  called The Dark Side of Student Loans. The featured guest is Alan Michael Collinge, founder of and author of the new book “The Student Loan Scam: The Most Oppressive Debt in U.S. History – and How We Can Fight Back.” Publisher’s […]

Choose the Right College Before Tackling the Financial Aid Form

An article the other day in the New York Times highlights the pain of applying for financial aid.  Entitled “The Big Test Before College,” the article raises the issue of whether the intimidating form actually does what it is supposed to do:  measure a family’s financial need. While we all love to hate these “means […]

Advice for Completing FAFSA Form for Financial Aid

One of the most daunting tasks in the college admission and financial aid process is completion of the FAFSA, the Free Application for Federal Student Aid.  A colleague forwarded this link to a great video that explains what the FAFSA is and how to complete it in five entertaining minutes.  Have a look. Okay, it […]