Financial Aid News

Student financial aid blog and news from the Student Loan Network

Financial Aid News, September 2007 Issue

October 4th, 2007 - No Comments

This month, we welcome you back to school with 9 common pitfalls of campus credit cards, plus a bevy of blog posts, including one about being real careful what you put on your MySpace profile!

Welcome back - and as always, if you have comments or questions, please give us a call toll-free at (877) 328-1565. If you know someone who should be getting this newsletter but isn’t, please forward them a copy!

Christopher Penn, Editor
http://www.FinancialAidNews.com
http://www.StudentLoanNetwork.com

Featured SLN Announcement

It’s back to school month, which means unexpected expenses. Rent higher than you thought? Laptop need an upgrade? Private student loans from ActEducationLoans.com can cover up to the total cost of education. Get preliminary approval in as little as 15 minutes and receive your check in about a week. Learn more at:

Reminder: be sure you’ve filed your FAFSA and applied for the maximum amount of federal student loans like the Stafford Loan, too.

Featured Article: Campus Credit Card Pitfalls

College students are used to seeing tables set up around campus pushing credit cards, especially at the beginning of the semester when credit card offers seem to hit you from all angles. A credit card or two can really come in handy sometimes and can also be a good way to build your credit (and get some cool swag at those tables). So, what’s the problem?

The problem is that almost half of all college students accumulate late fees on their cards and even more carry balances from month to month, leading to college graduates leaving school with an average of $7,000 balances.

This doesn’t help your finances or your credit score at all and you can face some long term effects after you graduate. With the semester kicking off, check out the 9 things to know before taking the free t-shirt.

Read more…

Last Words: Selections from Student Loan Network Experts

Please take a moment to rate these blog posts and many more at Financial Aid News Stories (FANS)!

http://www.FinancialAidNews.com/fans/

Scholarships

This month, expert SLN scholarship hunter Russ Ain jumps in and doubles the number of scholarships available daily! StudentScholarshipSearch.com has just topped $9.5 billion in total scholarship dollars available! Here’s a short selection of the most recent scholarships added to the database.

You can view the past 30 days’ most recent scholarships at StudentScholarshipSearch.com, where all scholarships are published without you having to register or submit personal information:

http://www.studentscholarshipsearch.com/New/

And Now For a Word From Our Sponsors

Get daily free financial aid information on your iPod or computer! Tune into the Financial Aid Podcast every weekday for news, scholarships, and great independent music. Money talks. Are you listening?

http://www.FinancialAidPodcast.com

Ever take out clothes from last year and find money in the pockets? Isn’t that always a pleasant surprise? You’ll feel the same way after you consolidate your federal or private student loans at StudentLoanConsolidator.com. Reduce your monthly payment up to 53%, simplify your budgeting, and start finding money in your pocket every month. Visit:

http://www.StudentLoanConsolidator.com

Looking for tutorials about the FAFSA? Be sure to visit FAFSA Online, the Internet’s best FAFSA resource!

http://www.FAFSAonline.com

The Very Last Word

Missed an issue? Did you remember a scholarship but can’t find the back issue? Want to tell a friend about the newsletter? You can always find back issues of the Financial Aid Newsletter at:

http://www.FinancialAidNews.com

The Student Financial Aid News is a publication of the Student Loan Network.
Copyright (c) 1998 - 2007, the Student Loan Network.
1250 Hancock St, Suite 703N, Quincy, MA 02169
and on the web at:
http://www.StudentLoanNetwork.com

iPod and iTunes are registered trademarks of Apple, Inc.

Financial Aid News, October 2007 Issue

October 4th, 2007 - No Comments

Financial Aid News, October 2007 Issue
A Publication of the Student Loan Network


This month, we introduce you to private student loan consolidation strategies, plus a bevy of blog posts, including a podcast episode about how what you put on Facebook could end up for sale on someone else’s web site - and you can’t do a thing about it.As always, if you have comments or questions, please give us a call toll-free at (877) 328-1565. If you know someone who should be getting this newsletter but isn’t, please forward them a copy!Christopher Penn, Editor
http://www.FinancialAidNews.com
http://www.StudentLoanNetwork.com


Featured SLN Announcement


Get the Financial Aid Podcast by email - no iPod necessary! The Financial Aid Podcast is daily, free internet radio covering scholarships, financial aid, personal finance, career advice, and more. Don’t want to bother with iTunes, RSS, or technical stuff? Get the podcast delivered to you by email instead. Each episode will be emailed with a link to the MP3, which you can listen to at your convenience, wherever and whenever you want. FOr more information, visit:http://www.FinancialAidPodcast.com/email


Featured Article: Introducing Private Student Loan Consolidation


One of the most requested loan products at the Student Loan Network is private student loan consolidation, for students who have taken out non-government student loans to pay for the cost of education. Private student loans are one of the fastest growing ways to pay for college, but once you’ve graduated, they’re also one of the tougher bills to pay because of higher interest rates and larger loan balances.The Student Loan Network’s new private student loan consolidation service - offered at www.StudentLoanConsolidator.com/private - allows you to consolidate all of your private education debt and reduce your monthly payments by up to 45% in just the first year alone.Here are two repayment examples to illustrate the difference that private student loan consolidation can make in your monthly budget:

If you have $30,000 in private student loans…

… before consolidation, your estimated monthly payment would be about $289/month
… after consolidation, your estimated monthly payment would be about $158/month

If you have $50,000 in private student loans…

… before consolidation, your estimated monthly payment would be about $482/month
… after consolidation, your estimated monthly payment would be about $264/month

As with federal student loan consolidation, our private student loan consolidation service allows you to reduce your monthly payments long enough to let you get on your feet financially after school, land that first job, find a place to live, without the stress of larger than necessary student loan payments. As time goes on, assuming your career and life improve, you’ll be able to afford to pay off more of your student loans, and ideally be able to pay off your consolidated student loans quickly.

To learn more about our service, please visit:

http://www.StudentLoanConsolidator.com/private

or call toll-free (866) 496-5787 to speak with someone about the details.


Last Words: Selections from Student Loan Network Experts


Listen to this episode of the Financial Aid Podcast as I discuss just how much of your life you sign away under Facebook’s Terms of Service:
http://www.financialaidpodcast.com/2007/09/18/fap628-facebook-owns-your-life-private-student-loans-rebecca-loebe/Monique Leonard has a great two-part rant on scholarships:
http://parentstudentloans.wordpress.com/2007/09/17/scholarship-soap-box-part-1/
http://parentstudentloans.wordpress.com/2007/09/18/scholarship-soap-box-part-2/Jennifer Roberts details what happens behind the scenes at the financial aid office:
http://www.gradloans.com/graduate-financial-aid-blog/2007/09/17/47/

Jon Rudy details why borrower benefits for federal student loans are going away:
http://www.studentloanconsolidator.com/student-loan-consolidation-blog/2007/09/12/farewell-borrower-benefits/

Please take a moment to rate these blog posts and many more at Financial Aid News Stories (FANS)!

http://www.FinancialAidNews.com/fans/


Scholarships


Be sure you’ve registered for Scholarship Points, our free college scholarship awards site. Every month, we draw a lucky recipient for $250; every quarter, we draw a lucky recipient for $1,000. Visit:
http://www.ScholarshipPoints.comRemember, you can get daily scholarship updates by listening to the Financial Aid Podcast and visiting the Student Scholarship Search web site!http://www.StudentScholarshipSearch.com
http://www.FinancialAidPodcast.com


A Word from our Sponsors


Looking for tutorials about the FAFSA? Be sure to visit FAFSA Online, the Internet’s best FAFSA resource!http://www.FAFSAonline.com


The Very Last Word


Missed an issue? Did you remember a scholarship but can’t find the back issue? Want to tell a friend about the newsletter? You can always find back issues of the Financial Aid Newsletter at:* http://www.FinancialAidNews.comThe Student Financial Aid News is a publication of the Student Loan
Network. Copyright (c) 1998 - 2007, the Student Loan Network. 1250 Hancock St, Suite 703N, Quincy, MA 02169
and on the web at:
http://www.StudentLoanNetwork.comiPod and iTunes are registered trademarks of Apple Computer, Inc.


The End