Monthly Archives: May 2011

Seven Best Ways to Pay Off your Student Loan

Many seniors, who are graduating, probably think this day will never arrive. I’m not talking referring graduation day. I’m talking about the time when they would have to begin paying their student loans. Arghhhhhhhhhhh! The typical student who graduated in … Continue reading

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Community Colleges are Forced to Offer Student Loans to Their Students

Community college students in NC will soon have a new option in paying for their education. BeginningJuly 1st colleges will be required to offer student loans. Some schools feel that’s risky. Some community colleges in the east got out of … Continue reading

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Default Rates and School Eligibility

Schools subject to loss of FFEL/FDSLP/Pell eligibility, 3 years of rates >=25.0% A school subject to loss of eligibility to participate in the Federal Family Education Loan (FFEL) Program, William D. Ford Federal Direct Loan (Direct Loan) Program, and/or Federal … Continue reading

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Congress Holds ED accountable for Gainful Employment

When 118 members of Congress and the GAO is investigating ED’s latest "Gainful Employment" rule, there may be problems in head waters. Wall Street benefited hugely in the major sell offs of the "For Profits". Read more here…..

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Dept of Ed Lawsuits Against Students Rising

An increase in student loan defaults is resulting in a rise in civil lawsuits filed by the ED attempting to collect from students. Filing the suits through the Department of Justice is a “last resort step,” said a spokeswoman for … Continue reading

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Some Repayment Options

Here are four great options for repaying a federally funded student loan for those who find themselves in financial hardship. Standard: Pay as little as $50 per month over 10 years Extended: Pay at least $50 per month over 12 … Continue reading

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