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What’s Wrong With This Financial Aid Letter?

on March 22, 2013 in College Costs, Financial aid, Money, Scholarships

Many financial aid letters  — heck almost all of them –  are confusing. I’ve always wondered why award letters are so difficult to understand. Perhaps the staffers generating these letters in the bowels of universities have been conversing in financial-aid speak for so long that they have lost their ability to communicate in standard English. [...]

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When You’re Turned Down for a College Loan

on August 26, 2012 in College Costs, Money, Parents, Student Loans

This is the time of year when parents are stressing about paying for their child’s college tab. I’ve been hearing from parents who haven’t been able to borrow enough for college. I thought I’d share one of these emails. A Mom’s Dilemma Here is the mom’s note: I would like to know what to do [...]

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How Parents Can Borrow for College

on April 24, 2012 in Money, Parents, Student Loans

Are you a parent who needs to borrow for college? Most of the attention is focused on college loans that students take out, but there are parent loans as well. In case you missed it, I wrote about federal student loans in my last college blog post: What You Need to Know About Borrowing for [...]

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What You Need to Know About Borrowing for College

on April 23, 2012 in Money, Student Loans

As recently as the early 1990s, most students did not take out college loans. Today about two out of every three students borrow to pay for college. One reason for the dramatic change is this fact: during the last-quarter century, tuition has risen four times faster than the consumer price index. The typical student borrower [...]

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What’s Missing From This Financial Aid Letter?

on March 8, 2012 in College Costs, Financial aid, Money, Scholarships, Student Loans

Many financial aid letters  — heck almost all of them –  are confusing. I’ve always wondered why award letters are so difficult to understand. Perhaps the staffers generating these letters in the bowels of universities have been conversing in financial-aid speak for so long that they have lost their ability to communicate in standard English. [...]

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What Is the Best Student Loan?

on June 1, 2011 in Money, Student Loans

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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