Archive for December, 2006

Changes to Federal Loan Programs Reviewed

Wednesday, December 20th, 2006

At a meeting Dec. 12, 2006 assembled by the Department of Education, a committee discussed potential changes to regulations in federal student loan programs, according to a Dec. 13, 2006 article by Kelly Field titled “Rulemaking Panel Begins Debate on How to Change Federal Student-Loan Programs” that appeared in The Chronicle of Higher Education.
 
The committee, [...]

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SMART/AC Grants Open to Mixed Reviews

Wednesday, December 20th, 2006

Another Student Loan Resource:
“I’m grateful for any federal funding, but in terms of affecting large numbers of students, it hasn’t had a huge impact on our campus,” said David Gelinas, University of the South’s director of financial aid, as reported in a Dec. 14, 2006 article by Doug Lederman titled “Are Students Getting SMART?” that [...]

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It’s Never Too Late: 100 Year Old Man Receives Degree

Wednesday, December 20th, 2006

Remember the film “Tommy Boy” starring Chris Farley and David Spade:
Tommy: Did you hear I finally graduated? Richard Hayden: Yeah, and just a shade under a decade too, all right. Tommy: You know, a lot of people go to college for seven years. Richard Hayden: I know, they’re called doctors.
So what exactly do you call someone [...]

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The Ten Commandments for Managing Student Loan Debt

Wednesday, December 20th, 2006

10. Thou shall not skip class – You are paying for the class and should get your money’s worth, plus skipping class may result in you failing and having to pay to take it again.
 
9. Thou shall not buy on credit – Students should not use a credit card to purchase anything unless it’s a [...]

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Students Seek to Stretch College Funds through New Year

Sunday, December 17th, 2006

Another Student Loan Resource:
Now that the dust has settled a bit and many students either are finished or wrapping up the fall 2006 semester, it is time to consider exactly where they stand financially. Depending on how much planning goes into the mix, some students may be feeling hunger pangs regarding their dwindling funds, wondering [...]

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Almost Time for Students to Start Grabbing Aid

Sunday, December 17th, 2006

As the 2006 fall semester comes to an end and the holiday season begins to peak, most college students are probably not spending a lot of time thinking about how they are going to pay for the next school year. However, we are just a few weeks away from the opening day for submitting the Free [...]

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Democrats Reveal Their Education Priorities

Sunday, December 17th, 2006

Rep. George Miller (D-CA), the incoming chairman of the House Committee on Education and the Workforce, earlier this week outlined the Democrats agenda priorities for education when they take control of Congress from the Republicans next month. High on the list is the their intention to cut the interest rates on need-based loans from 6.8% to 3.4%. Democrat [...]

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