One Trillion Dollars: U.S. Student Debt

Posted by Judy Anne Cavey on Dec 1, 2011 in , , | No Comments

Who’s to blame for this? It’s a combination of several factors.

This is a complex problem facing college students, grads, dropouts and anyone who consigned for a student on a loan. But it also is a growing issue for the American people, in general, because several experts are citing it’s the next “bubble” for the U.S. And since we are wallowing in the aftermath of the last burst bubble–subprime mortgage loans–we can’t afford to have this latest bubble burst.

FinAid, a great site for college financial aid information, recently set up a clock for your viewing pleasure. Simply log on to StudentLoanDebtClock to see the current loan debt tick by, it includes federal and private student loans.

Student Loan Repayment 411

Posted by Judy Anne Cavey on Jul 28, 2011 in , , | No Comments

There are three helpful sites you’ll want to bookmark regarding your student loans…

Congratulations! You’ve survived the loan application process and your education is funded. Now what? It’s imperative you take some time to organize paperwork, mark your calendar and understand a few tips from the experts.

Sites to Bookmark

The first site is Suze Orman’s, go to the home page where you’ll find “The Suze Scoop”, Repaying Student Loans, this article is dated 2/17/11. Another site, (which Ms. Orman mentions), is by college financial expert Mark Kantrowitz, Finaid. The final site is FastWeb, which has a Repaying Student Loans Quick Reference Guide that is downloadable. This reference shows “Key Student Loan Resources” on a long list with web addresses and phone numbers you’ll want to keep handy.

Preparing Students

Posted by Judy Anne Cavey on Dec 20, 2010 in , , , | No Comments

What is one way to determine if the colleges you are researching prepare their students for the workplace?

Ask what the school’s student loan default rate is–if it’s high–you might assume this college is not preparing students for jobs, since they can’t pay off loans. If students were well prepared, and received assistance to find employment, the default rate on student loans would be lower.

Basically, working grads are paying grads.