Michele Bastacky is a rising senior at George Washington University studying political science. She is a 2016 summer intern
The impact is even greater for graduate students looking to pursue a career in public service. The lower salaries of nonprofit
It's not a myth! Every student loan borrower has to repay their debt, even if they are unable to find a job after graduating or didn't graduate at all. However, some repayment options can lead to your federal student loans being forgiven, canceled, or discharged.
Ashley Matthews is a Program Manager for Law School Engagement & Advocacy, managing the Student Debt and Student Engagement
There's no way to make 120 payments in less than 10 years, even if you try to double up on the monthly amount. Since the program was enacted in 2007, the Department of Education will not begin accepting applications until 2017.
A Stafford Loan is currently the most popular student loan among federal student loan options due to its low interest rates and numerous borrower benefits. All Stafford Loans are eligible for in-school deferment, which allows students to defer repayments if enrolled in school at least half time.
A federal loan consolidation works differently than private loan consolidations. With a federal loan consolidation, all of your eligible federal loans are combined into one loan with a lower monthly payment. Borrowers can consolidate their loans after they graduate, leave school, or drop below half-time enrollment.
As an employee of a bank offering a national student loan refinance and consolidation program, I often speak with recent graduates looking for guidance on questions regarding their student loans. So, for those of you who still don't fully understand how student loan refinancing works, let me help you out.
The problem of spiraling college tuition costs are the result of colleges' increasing dependence on federal and private loans. Colleges have continued to hike up their sticker prices with little risk as students and taxpayers absorb the financial burden of student loan payments and defaults.
My real concern is with the plan's proposal to create a new college rating system and to tie student aid to it. I have no problem with my institution being rated or with a new rating system in general, but who will create this system? Higher education experts? Or politicians?
The excitement that typically surrounds college acceptance letters coming into households around the country is now being tempered by more than a little trepidation. The cost of college combined with a troubled economy means tough choices for prospective students.
My education is a worthwhile investment from my perspective, and to get a good education these days costs a good chunk of change. The bigger question is what to do now that I've graduated and have to start repaying my loans. Here's my plan of attack.
"Not that it’s not a good idea to give students loans, it certainly is a good idea to give them loans," he clarified. "But
This temporary freeze would help some student borrowers to save thousands of dollars. But experts say if the rates are allowed
Congresswoman Virginia Foxx is the chairwoman of the Higher Education & Workforce Training Subcommittee. It turns out that Virginia Foxx knows about as much about the specifics behind the student loan crisis as Red Foxx, who is dead.