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July 2008: Stafford Loan Rate Change

July 7th, 2008 - No Comments

As we head into the peak summer season, we’ve got saving money on our minds. Borrow more and spend less with the Stafford Loan, reduce your credit card debt with our free debt reduction guide, important FAFSA secret, plus the usual assortment of scholarships and more.

Christopher Penn, Editor

Stafford Rate Changes in Effect


On July 1, important changes went into effect for undergraduate Stafford loans. The interest rate dropped from 6.80% to 6.00% for subsidized loans and limits were increased. Students can now borrow $2,000 more in unsubsidized funds on top of their base amount.
Learn More or Apply Online.

Student Credit Card Debt Reduction Plan


As summer is the best time of year to earn money while out of school, it is very important to work on paying off some of the debt that you may have accumulated on your credit cards over the course of the semester. This free guide from StudentPlatinum.com will help you do just that.
Read the Article or Download the free PDF

FAFSA Secret: Get Rid of Your Cash


Got a pile of cash laying around? Take care of as many expenses as you can for the year ahead before you file your FAFSA. Make an extra payment or two on your rent, buy necessary supplies, etc. Doing so will improve your eligibility for financial aid (and probably reduce some stress, too).
Read the Article or File a FAFSA

Scholarships Update


Student Loan Network will be holding a $10,000 scholarship drawing on October 31, 2008. Make sure you’re registered at: http://www.studentloannetwork.com/10k
Have you registered for Scholarship Points, our free college scholarship awards site? Scholarship Points gives away $1,000 scholarships each month along with other awards. For more details visit: http://www.scholarshipppoints.com
StudentScholarshipSearch.com features over $9 billion of scholarships and grants for undergrad and graduate students. New listings are added everyday, so make sure you visit often. - http://www.studentscholarshipsearch.com

Financial Aid News is a publication of the Student Loan Network. 1250 Hancock Street, Suite 703N, Quincy, MA 02169 © 2008 Edvisors. All rights reserved.