The U.S. Senate approved a bill on July 20, 2007 to boost
student loans to
low income students. The increase will mean
low income students will receive $5400 by the year 2011. They currently receive $4310.
The Senate is also considering another Bill that will make it easier to receive government backed student loans. The Bill is up for debate next week.
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Senate Vote To Raise Student Loan Amount For Low Income
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Student Loans Lead To Credit Problems Later In Life
According to an article in the
Motley Fool UK, having student loans early in life creates a belief in the student that debt is normal and expected throughout their life.
I would go as far as saying that the credit card companies play a big part in this also, loading students up with credit card debt early in life. This saddles them with payments for many, many years. Many are forced into bankruptcy.
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Student Loans Lead to Credit Problems Later In Life!
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No Credit Student Loans
Many parents and students with a
poor credit history believe that a
student loan is out of the question for them. Luckily that is not the case. Several
Federal student loans consider only need or other factors, and ignore any credit history entirely, good or bad.
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No Credit Student Loans - Real or Ripoff?
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7 Steps To Cheap College Textbooks
College textbooks can be one of the largest expenses a
college student faces. Next to tuition, room and board,
textbooks can take a big chunk out of your college budget.
There’s no use in paying out the yazoo for new college textbooks. Below are 7 simple steps to scoring cheap textbooks.
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7 Steps To Scoring Cheap College Textbooks
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Student Loan Fraud
It happens more often than you’d think. Student loans taken out in an unsuspecting students name. Once this happens, it can be very difficult for the student to prove that he/she did not take out the student loan. If this happens to you, you may be responsible for the loan.
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Avoid Being A Victim Of Student Loan Fraud
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VoTech Student Loans
I’ve made it no secret that the
traditional 4 year degree is not for everyone. I made a post earlier that outlined the benefits a person can obtain with a
2 year degree from a vocational or trade school.
However, finding funding for a Vo-Tech or Trade school can be challenging. Not all lenders will make loans to these schools and a lot of these schools are not licensed or accredited. Traditional trade training such as Welding, Truck Driving or Machine Shop is a little easier to obtain these days than say a student loan to pay for Home Inspector, Cosmetology, Flight School, Culinary or Landscaping training.
Here are a few ways a person can fund their trip to a Vo-Tech or Trade School.
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Finding A Student Loan For Vocational and Trade Schools
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Read the full post (924 words, 5 images, estimated 3:42 mins reading time)Okay, a raise of hands from Students, past or present, who have obtained
Student Loans and not felt like you were screwed or that there was something stinking about the whole relationship between your school and the lender. Yep, that’s what I thought, just about everyone.
Now there’s proof. The Feds are half assed poking around the Student Loan Industry and the stink is rising to the top.
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Feds Investigating Rampant Fraud In Student Loan Industry
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