Today, the House approved the bill to keep student loan interest rates at 3.4% for the 2012-13 school year. The Senate approved the freeze on Tuesday. President Obama has been campaigning for the continued lower rate, over the scheduled 6.8% increase, as we reported earlier this spring. See The Washington Post for more details
Tag: Student loan
When Considering Student Loans…
A student loan, well any loan, is future income brought forward. While there are consequences to debt, the key is being educated to the realities of repayment in the long term (i.e. opportunity and financial costs) and being rigorously honest in the intermediate term about the value of the college education your debt is purchasing.…
Future Success + Financial Constraints = College?
More families, and younger, are asking Creative Marbles about financial aid and paying for college. Parents are facing difficult choices between supporting multiple kids through 4 years of higher education and saving for retirement, while confronting the challenge of encouraging their children to dream big, yet understanding the realities of financing that educational dream.
Middle Class Families Concerned about Affording College
Real wages haven’t increased, at the same time as pension values are decreasing, state budgets uncertainties are reducing funding for public universities and children are maturing into college age. What a perfect confluence for many middle class families and contributing to nervousness that the lifelong dream of a college degree–demonstrated through multiple honors and Advanced…
College Tuition Rises and So Does Demand
As the University of California Regents debate a 6% tuition increase for Fall 2012, see how tuition has changed at California colleges, since 2001. (The database provides information for 2 and 4 year colleges, both public and private.) While students and their families are concerned about rising tuition and student debt is at $1 Trillion…
College costs more than 4 years of tuition
Student loan debt is future income brought forward. To an 18 year old college Freshman, with little experience in financial responsibility, this concept may be foreign. Financial literacy is only part of the resolution; students and parents need foresight and continued roll-up-their-sleeves effort to pick colleges that will give them the greatest value for their…
Will continuing tuition increases eventually cool demand for college?
Total student loan debt hit the $1 Trillion mark this week and continues growing. Congress is debating to stop the increase in the student loan interest rates from 3.4% to 6.8% on July 1, 2012. And, UC’s are considering an additional 6% tuition hike on top of the 47.6% tuition increase, since 2009. With more…
The $1 Trillion Inheritance
The Student Debt total reached $1 Trillion today. What are the costs for future generations and its prosperity? Since student debt is future income brought forward, Creative Marbles suggests thinking carefully about career and major choices to know if a student would be able to afford the monthly loan payments. Also, students need to consider…
Student Loan Debate in Congress Continues
It’s partisan politics as usual in this election year, as Congress continues its debate on student loan legislation. According to the Wall Street Journal, “Republicans on Tuesday blocked the Senate from considering a measure to keep the rate on subsidized federal student loans from doubling amid suspicion of Democrats’ motives as they seek to court…