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Category Archives: Student Loans

What is an independent student?

Wednesday, November 21, 2007

What is an independent student? The independent student definition created by Congress is VERY strict. It is strict because this status is used by school financial aid administrators in determining student’s eligibility for federal and state aid. Unless you are a returning college student it is Read more on this loan…

Also filed in | Tagged married, online, State, term | Comments (0)

New Federal Minimum Wage And The Federal Work-Study Program

Wednesday, November 21, 2007

On May 25, President Bush signed into law an amended section of the Fair Labor Standards increasing the Federal minimum wage in three steps. The current $5.15 minimum wage will be increased to $5.85 effective July 24, 2007, to $6.55 an hour effective July 24, 2008, and to $7.25 an hour effective July Read more on this loan…

Also filed in | Tagged State | Comments (0)

News from NASFAA

Wednesday, November 21, 2007

Today the House Education and Labor Committee is scheduled to consider legislation that would dramatically increase student aid by increasing Pell Grants and loan limits, cutting student loan interest rates, providing income-contingent student loan repayment, and offering new loan forgiveness programs. The Read more on this loan…

Also filed in | Tagged borrower, lender, lenders, private, qualified, single, State, student loan, today | Comments (0)

What You Ought To Know…

Wednesday, November 21, 2007

For many students graduating college, the biggest challenge they face is when and how to begin paying back their college loans. About two-thirds of students borrow money to pay for college, so this is no small issue. In 2007, the median debt of students who graduate from four-year private colleges Read more on this loan…

Also filed in | Tagged finance, lender, lenders, private | Comments (0)
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