Category:
Students

Student Loan Options

Best and Worst Student Loans: Pros and Cons

By Bill Fay | September 10, 2013

  The pros and cons of student loans are a hot topic for college administrators, students and parents as each side grapples with ways to absorb the soaring cost of…

Sign of Portland State University

Oregon’s ‘Pay It Forward’ Seeks Alternate College Funding

By Bill Fay | September 2, 2013

Congress haggled over lowering the rates on federal student loans for months until reaching a final decision that President Barack Obama signed into law in early August. While the compromise…

Teacher in a classroom with students

CFPB Toolkit Increases Awareness of Student Loan Forgiveness for Public Sector Jobs

By Julian Hills | August 30, 2013

Workers in the public sector, including teachers, law enforcement officers and soldiers, often sacrifice higher salaries or place their lives in danger in order to improve the well-being of others…

student loan application

Borrowers Face Confusion over New Student Loan Servicers

By Bill Fay | August 20, 2013

The Department of Education is nearing completion of its transfer of millions of federal student loans to a new set of loan servicers, but the process did not come without…

U.S. House Speaker John Boehner talks about student loan interest rates

Congress Approves Student Loan Bill, Sends to Obama

By Bill Fay | August 1, 2013

The U.S. House of Representatives on Wednesday ended a prolonged debate in Congress with an overwhelming 392-31 vote supporting the Senate’s plan to rework student loan interest rates. The Bipartisan…

Student rates on subsidized Stafford Loans doubles to 6.8 percent

Senate Proposes Plan to Lower Student Loan Rates Now, Raise Them Later

By Bill Fay | July 18, 2013

The U.S. Senate late Wednesday reached another deal to reset student loan interest rates, but it is unclear when that proposal will reach the floor for a vote. Interest rates…

Application for student loan consolidation

Senators Urge Probe of Dishonest Student Debt Relief Companies

By Bill Fay | July 16, 2013

U.S. Sens. Tom Harkin (D-Iowa), Barbara Boxer (D-Calif.) and 21 other senators sent a letter to the Secretary of State and officials at the Federal Trade Commission and the Consumer…

Student loan vote fails in U.S. Senate

Congress Dithers While Students’ Hopes Wither

By Bill Fay | July 10, 2013

The United States Senate on Wednesday failed to reverse the recent doubling of interest rates to 6.8 percent on millions of new federally subsidized student loans. While the measure to…

Adult children are returning to the nest and depending on their parents

Financial Dangers Parents Face When Adult Children Live at Home

By Bill Fay | June 21, 2013

The American Dream is the ideal where parents work hard so they can own a home, send their kids to college and watch them grow up into happy and fiscally…

Student loans in financial aid office

Are Your Student Loans Federal or Private – Do You Know the Difference?

By Bill Fay | June 19, 2013

Did you get through college on federal loans or private loans? If you are among the 67 percent of students who needed a loan to pay for a college education,…