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August 1, 2011

What Every College Student and Grad Should Know About the Debt Ceiling Agreement

At long last, the folks in Washington have made a deal and student financial aid is hanging in there.  The agreement reached yesterday between the White House and Congress avoids some of the cuts that would have hurt students the most.  Yesterday’s agreement shores up the Pell Grant program by providing $17-billion in funding, and the White House indicates there will be sufficient funding to keep Pell Grants at their current level of $5,500.  If Pell Grants had been cut, students may well have had to increase their reliance…

June 28, 2011

Jonathan Glater Knows Higher Education Shouldn’t Just Be For Rich Kids

  Jonathan Glater believes that lawmakers should help keep higher education within the financial reach of those students who seek it by reducing the need for private student loans.  Yes! In his super-fantastic recent article, The Other Big Test: Why Congress Should Allow College Students to Borrow More through Federal Aid Programs, Glater analyzes the effects of increasing reliance on private student loans and argues that federal loan programs should be expanded to reduce the need for private borrowing. Mr. Glater’s proposal recognizes…

By Heather  |  Category:  IBR, Student Debt  

June 6, 2011

Five Ways IBR Beats ICR

What’s the difference between IBR and ICR?  What it comes down to is that IBR is way better than ICR.  Here’s why I think so. IBR and ICR are different in important ways Monthly payments are typically higher under ICR than under IBR, sometimes a whole lot higher.  And ICR payments can be potentially even higher than under a 10-year repayment plan.  Ouch!  Score one for IBR. IBR payments are not based on how much you owe, just on your income and family size.  But under ICR, how much you owe does affect how…

By Heather  |  Category:  IBR  

May 20, 2011

Surprising Fact About IBR

IBR is unusual in that a borrower's monthly payment may be even less than the interest that is accruing each month.  What happens to that interest?  

By Heather  |  Category:  IBR, Student Loan Repayment  

May 18, 2011

3 Best Things About IBR

Boo Yah!  Check out my first super fantastic video blog post!  Took me a couple of million trys, but now my lips actually move at the same time you hear me speak!    

By Heather  |  Category:  IBR, Student Loan Repayment  
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