Going to college is an expensive proposition. Need-based financial aid and scholarships help, but many students and families will rely on student loans in meeting the Expected Family Contribution (EFC) for college expenses. I’m conflicted about President Obama’s initiative to expand the number of former students who qualify to have their student loan burden reduced.
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A problem in processing some tax returns is slowing student applications for financial aid, just as many are facing deadlines to request the school funds.
Admissions and financial aid policies — along with cost of attendance — play a significant role in determining student debt levels.
Success for those fighting student debt! As of this past week, Congress officially prevented the interest rate on subsidized Stafford loans from doubling. The move will affect approximately 7.4 million students, saving them an average of $1,000 over the course of their loans, according to White House estimates. Though subsidized Stafford rates are scheduled to