financial aid

How Many Times Can I Consolidate My Student Loans?

Brenda from Indiana asks: How many times can I possibly consolidate private student loans? Currently I have somewhere around $40,000 in student loans consolidated with Sallie Mae at about 10% interest rate. I would like to get a better interest rate and save some money on my monthly payment. Is this possible?

President Obama’s Stimulus Bill Promises Student Aid

The House of Representatives may be voting on President Obama’s stimulus bill that promises student aid, a.k.a. The American Recovery and Reinvestment Act, that could make the federal Pell Grant Program seem half its size in comparison. Obama’s stimulus bill could provide billions of dollars in spending and financial aid for many colleges and universities across the country. President Barack Obama’s request for an $825 billion stimulus financial aid package to combat the countries current recession and invest in health care, education and infrastructure programs was the basis for which he modeled this economic stimulus bill. The bill would enlarge the Pell Grant Program significantly. The Pell Grant Program distributes federal grants to around 6 million university students in the United States every year. Congress was warned last year by the Department of Education that the program would be facing a $6 billion shortfall in 2009 if additional funding is not obtained.

Students and Parents Face Largest Student Aid Increases In Years

You know it was coming with the shape that the economy is in. Most Colleges and Universities are saying that Students and Parents should brace for an increase in student aid. Not just any increase, but one of the largest increases in recent times.

For example, New York Students are already feeling the pinch as State colleges did a mid-year price increase on tuition. The cost of the increase was a huge 14%. One of the largest increases in the Country.

Illinois Denies Student Loans To Students

If you live in Illinois and you’re needing financial assistance in the way of an Illinois student loan, don’t hold your breath. The state of Illinois is denying student loans to as many as 130,000 students this year and perhaps even more next year. Many of these student loan request are from students looking for Student Loans For Vocational School.

Am I Responsible For My Ex Husbands Student Loans?

Penny M. from Oregon asked: I’m an older woman who wants to go to College. I have two kids that are 10 and 13. My problem is that every time I apply for student loans, they decline me because of some outstanding student loans that are my ex-husbands. I’ve been told by more than several of these loan companies that since we were married, I’m responsible for half of these loans. It doesn’t seem fair that I can’t get a Student Loan because my ex-husband didn’t pay off his $30,000 student loans. I can’t afford to pay these loans myself and my ex husband refuses to pay on them. How can I get money to go to College?