A 52-page report titled Addressing Student Loan Repayment Options was just released by the Project on Student Debt, a committee formed to increase public awareness of student debt, loans, repayment options, and to “protect family financial security.” The report details the faulty loan repayment system in the United States. Source: The Ticker – America’s flawed student loan system

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Tom Dillon, 19, a pre-pharmacy major at the University of Connecticut, is carrying $52,000 in student loans. And he’s just getting started. When he gets his pharmacy doctorate in four years, he expects his debt to exceed $150,000. Dillon’s been drawn to pharmacy since age 5, when he found out he had epilepsy. Source: USA Today > Keep Reading

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No matter whom you talk to about getting financial aid for college, the mantra’s the same: File the FAFSA. It’s not that bad. The FAFSA, or Free Application for Federal Student Aid, is a student’s ticket to many grants, scholarships, work study and loans for college. When parents are looking at an annual price tag upward of $30,000 in tuition, fees, room, board, books, travel and personal expenses for private education and nearly $20,000 for the same at a public institution for the next four or five years — not to mention the effect of future tuition hikes — any financial aid, big or small, may sound appealing. Source: Valley News Dispatch > Keep Reading

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Categories: General