Tag: Parent PLUS Loans

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Is College the New Speculation?

Often students earn college degrees to increase their likelihood of future financial stability.  Yet, as college costs are rising, students and their parents subsequently are borrowing more to earn said degree, thus students “spend” the equivalent of a few years’ of post-graduation wages while parents may delay retirement, the question is, “Is college worth the …

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Ever Wonder Why The Dollars in Your Pocket Are Less?

Wonder no longer… Related PostsOnly 4% the Class of 2012 SAT Takers Scored 2100+ Will My August 2018 SAT Scores Be Cancelled? College Selection and Financial Aid in the Age of Rising College Tuition: Part Three An “If” Halts UC Tuition Increase…Temporarily? Choosing Harvard: Thoughts About a “Prestigious” University

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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 PostsCreative Marbles Summer College Essay Intensives ‘Tis the Season for College Fairs… Generation Y: Change Agent or Loafing Youth? Salary: Only One Measure of A College’s Worth College and The Middle School Years

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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 …