Tag: Parent PLUS Loans

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Does a Free Lunch Exist?

Here’s how to borrow $127,000 in student loans, only repay $87,000 over twenty years, and have the U.S. Government pick up the tab for the $450,000 still owed at the end of the repayment period.  [Notice the quadrupling effect on the total balance owed because of the interest that accrues in the two decade long repayment period? …

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Borrower Beware

Student borrowers aren’t the only ones defaulting on college loans… Chart source: Department of Education & Inside Higher Ed   Related PostsThe Tale of a College Essay Writer On Commencing Will College Price Itself Out of Its Demand? Sometimes You Gotta Go Slow to Go Fast Peace Comes to the Old Dog Via The School …

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Economic Recovery?

Even though the news may be promoting economic recovery, a recent UCLA study showing that middle aged parents aged 50 to 64 are moving back into their elderly parents home with kids in tow for financial reasons – may support a competing meme that shows our current financial state isn’t so rosy.  To further add …

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Student Loan Interest Rate Relief In Sight

The U.S. House of Representatives passed a bill to lower Federal student loan interest rates to 3.9% from 6.8% for the upcoming 2013-14 school year–following the U.S. Senate’s passage of the same bill last week.  The rate reduction would mean  a savings of $944.44 in interest over the life of the loan, for first year college …