Stafford loan

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How a Simple Letter Cut Student Borrowing by $31M

'Know before you owe' policy works for Indiana University

(Newser) - With US student debt at a staggering $1.2 trillion—including an average $30K each for member of the class of 2012 —Indiana University has set an example a lot of places could learn from. The seven-campus system managed to slash student debt by far more than the national...

At 265 Colleges, Loan Default More Likely Than Graduation

Plus: Stafford loan interest rates double

(Newser) - Bad news if you're planning to attend Texas College in the fall: You've got a 38.2% chance of defaulting on your student loans ... and just a 12% chance of graduating. USA Today found 265 colleges and universities across 40 states where the loan default rate is higher...

Student Loan Rate Hike Is Overhyped
Student Loan Rate Hike Is Overhyped
OPINION
May 10, 2012 11:33 AM CDT

Student Loan Rate Hike Is Overhyped

Congress is screwing college students in much bigger ways

(Newser) - Congress is up in arms over how to keep rates on Stafford student loans from doubling in July, but Mark Kantrowitz and Lynn Shaughgnessy have a question: Who cares? "The partisan posturing is a distraction from far more pressing issues that face students," the college experts write in...

Credit Crunch Squeezes Student Loans

As private funds dry up, families look to feds to pay for college tuition

(Newser) - The slump in the credit markets has shrunk capital available to brokers of student loans, complicating the already-difficult task of financing a college education. The Boston Globe relates the story of one Massachusetts family, the Ferragutos, who received word this year from the state’s education finance agency informing them...

Credit Crunch Ups Price of College Loans

Federal, private lenders will raise rates, increase rejections

(Newser) - Even as college costs soar, the credit crunch is about to make student loans more expensive—and tougher to come by. Fees for federally guaranteed loans, which offer below-market rates, are expected to rise, and some states have dropped out of the program. At least a dozen private firms have...

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