January 10, 2007

Where do I start?

Posted in Misc at 4:52 PM by kpops

I found a great article today on tips for finding scholarships. I think it is really best for students attending college to research as much as possible about scholarships and apply for any they think they might be eligible for. Why not take whatever you can get and then resort to your Federal and private loans only if you need to. This is a great opportunity that I think a lot of students miss out on just because they dont know where to start. Here is a great article that will provide insight and tips on how to apply and qualify for scholarships.

The Student Loan Network: Stafford Federal Student Loans, Parent PLUS Loans, Student Loan Consolidation, Private Student Loans

Bankers’ Group Warns That Cuts In Federal Payments To Lenders Could Hurt Student Borrowers

Posted in Legislation Affecting Students, Student Loan News at 9:23 AM by Joe From Boston

The Chronicle of Higher Education is reporting on a bankers warning to Congress over the proposed changes to the federal student loan program.

Bankers’ Group Warns That Cuts In Federal Payments To Lenders Could Hurt Student Borrowers (The Chronicle of Higher Education)

“A group of bankers warned lawmakers on Tuesday that a plan by Democrats to slash the interest rate on federal student loans could ultimately come back to harm student-loan borrowers. Democrats may call on Congress to reduce the profit margin that the government guarantees lenders on federal student loans; impose new fees on banks that offer consolidation loans; and make loan providers assume a higher share of the risk that students might default on their loans. In a written statement released on Tuesday night, the Consumer Bankers Association said that if Congress made those changes, ‘the ability of lenders to invest in technology, enhance customer service, and offer benefits to borrowers’ would be put at risk.”

You can read the complete Chronicle of Higher Education article on-line. A paid subscription may be required.