Tag Archives: federal student loans
What Is the Best Student Loan?

What Is the Best Student Loan?

What is the best student loan? I got an email from a dad who was hoping to get the answer to that question. His son needs to borrow for the last year of college. That was an easy question to answer. The best education loan available is the federal Stafford Loan. There are two types [...]

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When You Don’t Have Enough Money for College

When You Don’t Have Enough Money for College

I’ve had a lot of parents  asking me lately  about whether they should give the green light to their children, who have been accepted into expensive schools without enough financial aid. In response, I want to share a cautionary post that I wrote for my other college blog over at CBS MoneyWatch. Here is part [...]

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Parents Borrowing for College

Parents Borrowing for College

Are you a parent looking for a college loan? Most of the press attention is focused on college loans that students take out, but there are parent loans as well. Today, I’m going to focus on  PLUS Loans and home equity lines. PLUS Loan For  parents, the federal government offers PLUS Loans. At first blush, [...]

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Stafford Loans: Borrowing for College

It’s that time of year when parents, as well as new and returning college students, start thinking about college loans. Consequently, today I want to answer a few questions about Stafford Loans, which are the most popular federal student loans. Here are the questions: Question No. 1: Are there different kinds of Stafford Loans? Yes. [...]

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Kicking Private Student Loan Lenders to the Curb

Tell me if this makes sense: When private lenders got into the federal student loan business years ago, the federal government guaranteed that it would step in when student borrowers defaulted on their federal loans. The  government (us taxpayers) also gave the student loan lenders a fat subsidy to participate in this virtually risk-free business. [...]

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College News On the Weekend

College News On the Weekend

I wanted to share with you three college posts that I wrote this week for my other college blog  at CBSMoneyWatch. Hope you enjoy them! 1. Shrinking Your Federal Student Loans A great federal program will begin this coming Wednesday that will provide relief to many borrowers who are struggling with repaying their federal student [...]

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