To tackle this thorny question, first we’ll need to get some basics out of the way. We all know what loans are. Students looking for financial assistance to go to school, in particular, tend to become all too familiar with them. The three main types of loans are: Stafford loans are one of the most … Read more
Here’s a startling statistic for you: outstanding student loans in the U.S. have recently topped one trillion dollars! According to New York Times writer Annie Lowrey, it’s a drag on our future economic growth, because it is holding recent graduates back from buying homes, cars, and new clothes, among other items. This monetary “drag” is becoming clearer and clearer … Read more
Are you ready for a shocker? In the last 25 years, the costs of private college have shot up, rising twice as fast as household income! That’s according to Daniel Luzer, in his article, “The Problem with Financial Aid.” Back in 1988, an average family spent 22 percent of their annual income on college-related costs; … Read more