Student Loan News, Updates and Blog Posts

Consolidating Your Parent Plus Loan

Yes, you may consolidate a Parent Plus Loan, but there a few things you should know.

Stafford Loan Consolidation Rates

Here is my no fluff, naked truth blog stating the cold hard facts surrounding Stafford loans and federal consolidation interest rates.

Tuition Reimbursement

If you are considering going to grad school one major factor that is probably holding you back is the cost. Between rent, utilities and car payments your budget is probably already pretty tight. You are probably also hesitant to pile more debt on top of your student loans. Before you apply for alternative student loans or the Grad PLUS loan one thing you should do is talk to your employer.

Private Student Loans and Credit Go Hand in Hand

For many students obtaining a private student loan can be difficult. Private student loans always sound fantastic because you can apply for them at any time during your college career and they can help you pay for books and housing. However, contrary to popular belief, these loans do not just fall into the lap of every student who cries poor.

Can a Lender Decline me for the Stafford Loan?

A FFEL lender is prohibited from discriminating against an applicant on the basis of race, national origin, religion, sex, marital status, age, or disability.

Grad Plus MPN at Foreign Schools

A graduate or professional student attending an eligible foreign institution will only be able to use the multi-year feature of the PLUS MPN if the school has been expressly approved by the Department to have its student and parent borrowers do so.

A Co-Signer Saves You Money

Many students become frustrated when they learn a cosigner is required when completing an application for a private student loan.

FFEL Lender of Last Resort

Did you know that a student who is otherwise eligible for a subsidized Stafford loan and, after not more than two rejections, who has been unable to find an FFEL lender willing to make such a loan, should contact the guaranty agency in his state of residence or the guaranty agency in the state in which his school is located?

Fraud and the FAFSA

If you suspect that a student, employee, or other individual has misreported information or altered documentation to fraudulently obtain federal funds, you should report your suspicions and provide any evidence to the Office of Inspector General.

What is Considered Untaxed Income and Benefits?

The term "untaxed income" means any income excluded from federal income taxation under the IRS code.