They were the first in their families to attend college. In addition to the values and of hard work and service that they inspired in me, their examples are what motivated me to continue my education and earn a college degree.
As President-elect Barack Obama prepares to take office in January, all eyes are on his plans for higher education—an area of concern for one of his biggest groups of supporters.
On Election Day, Obama claimed the highest share of the youth vote of any candidate since exit polls began reporting results by age in 1976, according to CIRCLE, a non-partisan organization that promotes research on the political engagement of Americans between ages 15 and 25.
CIRCLE found Obama was favored by 68 percent of the estimated 22 to 24 million youth that voted.
As turbulence in the economy continues, it’s trickling down; through the housing market and automotive industry, and now onto college campuses.
Financial Aid Offices are trying to help Kansas students stay in school, and pay for it.
Derek Matthews signed into Financial Aid many times before. He hopes this time isn’t the last time. “I was telling my roommate and everybody that you’re going to have to find someone else, get a different roommate because I probably won’t be back next semester,” he said.
Financially, things were fine when the Wichita State freshman started school, then the economy took a turn.
Add students who borrow from private lenders to the ranks of Americans — homeowners and businesspeople, among others — who are struggling with banks’ unwillingness to lend in this risky economic climate.
Although this won’t affect the vast majority of students most of whom use federal loans. Instead it affects the 8 percent of students nationally who rely on private loans, who face high interest rates and increasing difficulty in approval.
Since the U.S. economy began to stagnate, banks have tried to limit their risk of losing more money by increasing the conditions on which they award loans.
PITTSBURGH (AP) – Kari Schoeneweis will face more than $60,000 in student loan debt when she graduates from Carlow University in spring.
She plans to do what her older siblings did and consolidate her loans to reduce the monthly payments.
“I’m terrified of the loans I’m going to have to pay off,” she said. “I don’t know how I’m going to do it; I guess I’ll get through it somehow.”
Schoeneweis, 22, is among many students who were unaware that consolidation options are more limited now than they were for students who graduated a few years ago. Many lenders suspended consolidations because of consumers’ credit problems, leaving mainly the U.S. Department of Education a the nation’s loan consolidator.
The Federal Reserve Bank of New York announced in a Nov. 25 press release it will create a plan to help the security of student loans. But this may or may not be good news for University students.
Although the plan, known as the Term Asset-Backed Securities Loan Facility, had original intentions of helping people meet the household and small business credit needs, it will also play a hand in assuring private loans for students.
“With the economic hardships some student may face [it gives them ] all the more reason for them to use the Federal Direct Loans before ever venturing into the private non-federal education loan arena,” said James Mooney, associate director for the Office of Student Financial Aid.
It wasn’t until he graduated college in May 2008 that my friend Ben realized the depth of his student loans: $40,000 owed upon completion of a liberal arts bachelors degree. Like many students, he didn’t worry too much about the numbers as he signed loan papers at the start of each semester. The debt totals and their corresponding monthly payments, due some time in the future, weren’t overly concerning at the time.
Parents who have a high school student planning on going to college should bookmark the College Board web page because it provides useful preliminary information that I will summarize, providing tips on student grants, loans and financial aid. Founded in 1900, the College Board is a not-for-profit membership association whose business is to connect students to college success and opportunity. I bought several of their books at my local Barnes and Nobel bookstore, which also had a variety of similar resources for sale.
Are you a career-minded student? Aiming is to go for higher studies? But can’t go because of the shortage of money. Don’t worry student loan consolidation will help you to go for higher studies.
A student can apply online for student loan consolidation, as there are various debt consolidation packages are present. A student can save money by combining student debt loan into one loan with the help of student loan consolidation rates. It will lower your interest rates and will save your time.
The national economy’s roller coaster ride on Wall Street has not affected Towson students’ abilities to obtain federal loans.
Towson financial aid has been operated through the Direct Loans program of the federal government since 1993, keeping cash flow available through subsidized, unsubsidized and parent loans granted by the U.S. Department of Education, according to director of financial aid Vince Pecora.
The unstable fluctuations of the stock market and the overall health of the economy have led to additional students seeking financial aid.