Conservative Congressmen hate students who take loans. They lump them with tax cheats, criminals who owe reparations, and deadbeat dads.
What do these people have in common? None of them is allowed to discharge the debt in bankruptcy. People who take loans for higher education and, later, fall on hard times, are considered unworthy of a [...]
What Jane Says: College
- Private student loans: 6 ways to make them better
- POSTED 08.10.10
Private student lenders swing wide their doors in August, when families struggle to raise the money needed for this school year. You can borrow from banks, some credit unions, and specialized institutions such as Sallie Mae.
New laws and regulations have cleaned up some of the misleading tactics families faced in the past. [...]
- Student loans: The best places to borrow
- POSTED 08.3.10
Don’t get taken when you sign for a college loan. Federal loans are cheaper than ever this year, for both parents and students. But loans directly from banks or other for-profit lenders can trip you up. You might lock yourself into thousands of dollars of unnecessary spending and, potentially, a greater risk of default. Here’s [...]
- They’re telling you lies about the new student loan law
- POSTED 04.1.10
I’m hearing so many lies about the change in the government’s education loan programs that I have to set the record straight. Anyone who cares about cutting government spending and helping students and their parents should love the change. But the truth of the program is being hijacked by the people who scream no. Here’s what’s happening:
For [...]
- Direct federal loans–good for students, parents and taxpayers
- POSTED 03.29.10
Starting July 1, higher-ed students will get their federal Stafford loans directly from the government rather than from banks. About 50 percent of students do this already, through the federal Direct Loan program. Under a provision tucked into the Affordable Health Care Act, all students will soon be borrowing that way.
The change will save the [...]
