Tag Archives: student loans

The Nation’s 62 Most Generous Colleges

Filed under: Education - BookRenter Team
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By Lynn O’Shaughnessy
A nationally recognized higher-ed expert and speaker, who is the author of The College Solution, a bestseller, and the creator of The College Solution blog. The 2nd edition of her book — The College Solution — will be released on Amazon on May 24, 2012.

Originally posted on on February 20, 2012.

The Nation’s 62 Most Generous CollegesWhat are the most generous colleges and universities in the country?

US News & World Report attempts to answer that question every year when it rolls out its lists of institutions that self report that they meet 100% of each student’s financial need.

Today I’m sharing the latest list that US News released last week. Not surprisingly, highly elite schools predominate. On the honor roll you’ll find members of the Ivy Leagues, for instance, as well as other prestigious universities like Rice, Stanford and Cal Tech along with prestigious liberal arts colleges such as Haverford, Middlebury, Smith and Carlton.

62 Most Generous Colleges and Universities

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Understand Student Loans and Which is Right for You

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Understand Student Loans and Which is Right for You provided by EduInReview.com

With the economy still struggling, annual tuition increases, and more and more students seeking a college education, taking student loans is becoming a greater reality than ever before. The path to obtaining student loans and other financial assistance for college can be a confusing, twisted maze that can be frustrating and defeating. We can help put you on the straight and narrow toward getting your loans by clarifying the different types of student loans and the best way to get them.

Federal Student Loans

Federal student loans have guaranteed lower interest rates than a private lender and there are no credit checks or collateral required. There are a number of deferment, repayment and consolidation options available after graduation. Subsidized loans will provider a lower interest rate than a Stafford loan.

There are three types of federal student loans that you could be eligible for:

1. FFELP – Federal Family Education Loan Program, which is approved by the government and provided by a privatelender.

2. FDSLP – Federal Direct Student Loan Program is approved and provided by the government.

3. Perkins Loan – This is the best choice for students with the most financial need. This school-based loan places the school in the position of lender. Even better, it comes with an incredibly low interest rate and there are no origination or default fees.

Applying for a federal student loan requires completion of the FAFSA, or Federal Application for Student Aid.

Private Student Loans

These aren’t typically a first choice for parents or students, but rather a back-up plan when other loan options don’t fulfill financial need. These loans are provided by private lenders like banks or credit unions. Completion of the FAFSA is not necessary; instead you’ll complete a traditional loan application and your credit score will be reviewed to determine approval. Interest rates and fees will be based on your credit score.

Parent Loans

These loans do not originate with your mom and dad, but rather lenders provide a loan to the parents of college students to help pay tuition and related fees. Known as the PLUS loan (Parent Loan for Undergraduate Students), parents maybe borrow money to cover additional school-related costs. Eligibility is based upon a credit check and it has fixed interest rates that are not need-based.

Graduate and professional students can also apply for a PLUS loan by submitting the FAFSA (not a requirement for parents); although both will have to sign a master promissory note.

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