Private Student Loan News

Private student loan news and program updates to help students and parents understand the latest trends and changes in private student loans.

Despite Worries About Student Loans, Many Borrowers Have No Plan for Repaying Debt

Aug 28 2014  -  The majority of young adults, college students and parents are worried about the rising cost of college, but do not have a plan to manage and pay down student debt, according to a survey released by Citizen's Financial Group Inc., based in...

Federal Government Releases Student Loan Delinquency Data

Aug 18 2014  -  The U.S. Department of Education has released data concerning delinquency rates for federal student loans for the first time. The Department has previously released data concerning total federal loan volume outstanding, loan status and repa...

Government Proposes Changes to Federal PLUS Loan Credit Criteria

Aug 13 2014  -  The U.S. Department of Education is proposing to loosen the eligibility criteria for the Federal PLUS loan, after previously tightening them. Current Regulations To be eligible for a Federal Parent PLUS loan or a Federal Grad PLUS loan, th...

Sallie Mae Reports How America Pays for College 2014

Jul 31 2014  -  During the 2013-2014 academic year, American families paid more out of pocket but borrowed less for college expenses. According to the seventh annual Sallie Mae study, How America Pays for College 2014, both student and parent borrowing dec...

New College Rankings Help Families Measure What Really Matters in Higher Education

Jul 30 2014  -  Money magazine has released a new college ranking system that tries to measure the value of a college education based on three groups of factors: educational quality, affordability and outcomes. The new rankings are designed to help familie...

Simplifying the FAFSA

Jul 17 2014  -  Both Republican and Democratic members of Congress have recently proposed simplifying the Free Application for Federal Student Aid (FAFSA). The House Committee on Education and the Workforce issued a white paper that included, “Simpli...

Homeless Youth and Student Aid

Jul 15 2014  -  Unaccompanied homeless youth are still facing barriers that block their access to federal student financial aid funds, despite legislative initiatives to streamline their eligibility for college aid. Unaccompanied homeless youth are define...

Companies Charging Fees for Free Student Loan Consolidation

Jul 14 2014  -  Several debt settlement companies have been running advertisements that offer to consolidate a borrower’s student loans, reduce loan payments and rehabilitate defaulted student loans, for a fee. These advertisements appeal to borrower...

Senate Education Committee Proposes Changes in Federal Student Aid

Jun 26 2014  -  The Senate Health, Education, Labor and Pensions (HELP) committee released a comprehensive set of proposals for changes to federal student aid programs on Wednesday, June 25, 2014. Most federal student aid programs, except for military stud...

Starbucks Brews Up an Enhanced College Education Benefit for Its Employees

Jun 16 2014  -  Starbucks employees will have the opportunity to access a free online Bachelor’s degree through a new partnership with Arizona State University.  The Starbucks College Achievement Plan (CAP) provides partial tuition reimburs...

College Costs Out of Control

Jul 19 2013  -  Despite the concerns arising over the recent increase in the federal student loan interest rate, the real problem at hand is the rising cost of college, and decline in government grants...

Pros and Cons of Private Student Loan Consolidation

Jul 12 2013  -  Congratulations on finally finishing college. While it's great to be working and living on your own, you now get to pay your own bills (and yes, now you finally understand why your parents always yelled at you for taking more than 10 minute...

When to Get Student Loans

Apr 16 2013  -  To help families through this award letter season, here is a breakdown of how and when to accept—or apply for—all types of student loans.

Parents, 5 Financial Lessons for Your College Student

Apr 11 2013  -  As a parent, you are faced with one of life’s greatest challenges: preparing your child for financial responsibility. When your child leaves home for college, they will explore their independence in more ways than one. Learning the fi...

Stafford Loan Déjà Vu: Interest Rates Set to Double Once Again

Apr 10 2013  -  Once again, subsidized student loan interest rates are facing an impending increase. Without action, students may see rates double to 6.8% next year. Learn more!

Can You Refinance Student Loans?

Mar 18 2013  -  You can refinance your mortgage, but can you refinance your student loans? The short answer is: possibly. Let me elaborate. Refinancing is a tool commonly used by borrowers in the housing industry to lower interest rates. In regards to stud...

How to Refinance your Student Loans

Oct 8 2012  -  When students take out private student loans for the first time, they usually have little to no credit history built up. This means, their interest rates probably weren't ideal, or they applied with a cosigner. If you're one of these borrow...

5 Reasons to Consolidate your Student Loans

Sep 28 2012  -  Student loan consolidation is a great option for borrowers looking to lower monthly payments or simply make repayment easier. Don't believe us? Here are 5 ways consolidation can benefit you!

Student Loans: Where to Turn First

Aug 24 2012  -  You may have heard of Stafford loans, PLUS loans, and private student loans, but do you really know the differences between them? Is one type of loan really better than the other? Let's find out.

5 Private Student Loan Statistics

Aug 6 2012  -  Student loans have been all over the news in the past year, and borrowers are researching college financing options more than ever. In light of this, it's important to know the facts so you can make better-informed decisions about paying fo...