Student Financial Aid News
From NASFAA:
“Workers with bachelor’s degrees earned an average of $26,000 more per year than those with only high-school diplomas, according to a new report on education trends released today by the U.S. Census Bureau,” The Chronicle of Higher Education reports. “The annual report, ‘Educational Attainment in the United States: 2008,’ is based on data drawn from the bureau’s Annual Social and Economic Supplement, a survey conducted from February to April at 100,000 addresses across the country. According to the 2008 data, of those 25 and older, 29.4 …

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Student Financial Aid News
From Inside Higher Ed:
The Commonfund Institute on Monday announced that it is currently projecting a 2.8 percent increase in the Higher Education Price Index — an inflation rate for colleges and universities — for fiscal 2009. The figure will continue to be refined. Commonfund also announced that it is revising the way it calculates the rate so that all data are aligned with a July-June academic fiscal year. Until now, different calendars have sometimes been used for some of the spending that goes into the rate, resulting …

Student Financial Aid News
From Inside Higher Ed:
With Congress poised to give the White House a smoother path to push its plan to end the lender-based student loan program, President Obama warned Friday that he was girding up for a fight with banks and their “army of lobbyists.” Obama’s 2010 budget proposal in February included an aggressive plan to make all new federal student loans out of Federal Direct Student Loan Program, using tens of billions of dollars in savings from eliminating the competing Family Federal Education Loan Program to ensure …

Daily Aid 117: How to save money for college safely
Student Financial Aid News
From Inside Higher Ed:
With Congress poised to give the White House a smoother path to push its plan to end the lender-based student loan program, President Obama warned Friday that he was girding up for a fight with banks and their “army of lobbyists.” Obama’s 2010 budget proposal in February included an aggressive plan to make all new federal student loans out of Federal Direct Student Loan Program, using tens of billions of dollars in savings from eliminating …

FAP908: Comparing student loans, Selective Service, Free stuff, Bob Gentry
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Weekly Financial Aid Roundup
A new article looking at the differences in interest rates for various graduate student loans over at GradLoans.com.
Scholarship Update
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Daily Aid 116: Private student loans vs. federal student loans, your thoughts
Student Financial Aid News
From the Chronicle:
“The percentage of students taking out private loans has increased by nine percentage points over the past five years, from 5 percent to 14 percent, according to a new analysis of Education Department data that was released last week,” The Chronicle of Higher Education reports. “The biggest jump in borrowing occurred at for-profit institutions, where the share of students with private loans grew from 14 percent to 43 percent in the years from 2003-4 …

Daily Aid 115: How much to borrow in student loans, selective service question
Student Financial Aid News
From the New York Times:
They bought into the notion that if they went to college — never mind the debt — their degree would lead to a lucrative job. And repaying their student loans would never be a problem. But the economic crisis has turned those assumptions on their ear as thousands of recent graduates have been unable to find jobs or are earning too little to cover the payments for loans that are sometimes …

Daily Aid 116: Private student loans vs. federal student loans, your thoughts
Student Financial Aid News
From the Chronicle:
“The percentage of students taking out private loans has increased by nine percentage points over the past five years, from 5 percent to 14 percent, according to a new analysis of Education Department data that was released last week,” The Chronicle of Higher Education reports. “The biggest jump in borrowing occurred at for-profit institutions, where the share of students with private loans grew from 14 percent to 43 percent in the years from 2003-4 …

Daily Aid 115: How much to borrow in student loans, selective service question
Student Financial Aid News
From the New York Times:
They bought into the notion that if they went to college — never mind the debt — their degree would lead to a lucrative job. And repaying their student loans would never be a problem. But the economic crisis has turned those assumptions on their ear as thousands of recent graduates have been unable to find jobs or are earning too little to cover the payments for loans that are sometimes …