I have a Parent PLUS Loan in my name for one of my children.  How can I change the loan to put it 100% in my child’s name, removing my name completely? Are there several choices?  Or only a few?   Refinancing is only way to transfer ownership of a Parent PLUS loan from you […]

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How can I consolidate my student loans? How do I know if consolidation will be beneficial?   If you want to consolidate your federal student loans you can apply for a Direct Consolidation Loan on the federal aid website.   A couple of things to know about student loan consolidation: Direct Consolidation Loans are only […]

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A new piece of legislation has been proffered that would be greatly beneficial to those with student loans, but thus far, it does not seem to be getting a lot of attention. If you have student loans, you should join us and raise your voice to promote HR 3892: Student Loan Borrower’s Bill of Rights […]

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If you had to borrow to finance your college education, it’s likely that you have more than one type of loan. Part of being able to effectively deal with your debt is understanding it. If you’re eligible for any type of loan forgiveness program, it especially pays to know what kind of student loans you […]

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President Obama promised in his most recent State of the Union address to keep college affordable for all Americans who wanted to pursue higher education. But quiet changes by the Department of Education on how PLUS loans are screened has many minority students strapped for funds and being forced to drop out of school in […]

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They fed you; they clothed you; they tucked you in at night; and they’ve probably been planning how to get you the best education possible since you started preschool. Yes, these responsibilities and so many more lie at the heart of parenthood. That’s why with skyrocketing tuition rates, many parents don’t hesitate to lend a […]

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In the wake of NBC’s Education Nation Summit in NYC, the New York Times conducted an interview with Mark Kantrowitz, publisher of Finaid.org. As an expert on student loans and related policy, Kantrowitz was asked to clarify the candidates’ stated positions on those areas. With this information in hand, students can be more aware of […]

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The private student loan industry smells a lot like the subprime mortgage industry: Dead ends, runarounds and few live customer service representatives to speak with. The same tactics that mortgage borrowers have faced are now happening for student loan borrowers, according to a new report from the Consumer Financial Protection Bureau. Read more HERE

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They may seem like the answer to bridging the gap between where your financial aid leaves off and your tuition begins, but Parent PLUS loans have the potential to be seriously damaging to students and families. In a nutshell, what makes these loans so dangerous is that they are ludicrously easy to procure and equally […]

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