News about education financial aid, student loans, and scholarships.
Below is a list of the most recent posts in the Financial Aid News category. You can also search for posts by keyword, or check out the Archives page for a full list of categories.
“Getting in to college is less important than getting out. As enrollments at public universities continue to swell, and state budgets shrink, it may be harder for students to get through their program of study in a timely fashion due to course availability, program cut backs, etc. The average time it takes to get a…
Last year, the average interest rate on private student loans selected using the Private Student Loan Marketplace was 6.12%, Overture Technologies announced today. In 2009, Student Lending Analytics listed the average private student loan rate at between 9.5% and 10%. In comparison, according to Overture, the 6.12% average interest rate is nearly 350 basis points…
At the end of last week, Yale officials announced a shift in the school’s financial aid policy that will better accommodate lower income families, and increase the expected contribution of higher income families.
Families with incomes of $65,000/year or less will have their expected family contribution waved. Prior to this change, that guideline applied to families…
Currently, graduate students who take out subsidized Stafford loans enjoy interest-free borrowing while they are in school – the interest on a subsidized Stafford loan does not begin accruing until the grace period is over. The same goes for undergraduate students.
However, the proposed 2012 budget removes the subsidized Stafford loan option for graduate students, meaning…
Earlier this week, on Valentine’s Day, President Obama released his proposed 2012 budget.
Last year, there were many concerns about the possibility of major cuts to the federal Pell Grant, which is a free, no obligation grant that students in need of significant financial assistance may be eligible to receive, after the FAFSA form is submitted…
*Based on average interest rate of loans selected by Marketplace users. Savings may vary.
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