Financial Aid Blog

Bad news for graduate student loan borrowers

Budget Control Act of 2011 - All have an effective date of July 1, 2012

1. Elimination of the Subsidized Direct Loan for graduate students.
2. Elimination of the 1/2% upfront rebate.
3. Elimination of 1/4% interest rate reduction for auto debit in repayment.

We will be sending out a mass email with further details. But the main item - No more Subsidized Direct Loans for graduate students starting July 2012.

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More info for recent Grads.

5 Ways to Ease Student Loan Payments

 

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Scholarship Opportunity

Eastern Star - the women's association of the Masons - is giving out
scholarships to women - to apply they must contact Arlene Glander at
arlene.glander.star@gmail.com -- the interview date for the
scholarship will be Sept 16th - there is a lengthy form to fill out
before the interview date.  Scholarships range in the neighborhood of
$1,000 and will be give for the Sept 2012 school year.

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For Soon to be and recent grads .....................

Income Based Repayment - new repayment option for your student loans:

Student Loans: Making Them More Affordable

- CBS MoneyWatch.com

And

Top 5 Tips to Take Charge of Your Student Loans

-ABCNEWS/Money

 

 

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Student Credit Card Use Could Cause Problems Later

Informative article on the use of credit cards.

US News and World Report Student Loan Ranger

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Trust in the Lord Scholarship - New Opportunity

The Trust in the Lord scholarship was created in 2011 in
memory of Carol Stiles. Carol was a woman of deep faith
who raised her four boys in the faith and led her life in a
way that touched many lives with the love of Jesus. In the
fall of 2010, Carol passed away after a thirteen-year
struggle with breast cancer. She always kept the faith and
believed that “even though I may have cancer, cancer
doesn’t have me!”


Carol’s faith demonstrated how strongly she trusted in the
Lord and

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Top Ten Student Financial Literacy Resources On The Web

Looking for an online resource to help with understanding your finances?  Check out one of these sites:

Top Ten Student Financial Literacy Resources On The Web | cheapscholar.org

 

 

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Graduates and those soon to graduate.....................

Concerned about the size of your monthly payments? Help is very close. If you haven't already you may want to talk to your lender about Income Based Repayment. A new repayment plans for Federal student loans that will base your payments on your family size and household income. For the best source of information please see www.ibrinfo.org.

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MAKE SMART AND INFORMED FINANCIAL DECISIONS

Your financial wellness is important.  Credit, or too much of a good thing, affects many fundamental aspects of our lives.  Make smart and informed financial decisions as you move through the many segments of your life.  To obtain valuable and resourceful information that can assist with these stages, visit (and bookmark) www.credit.com/life_stages/ for practical guidance.

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HOW MUCH FINANCIAL AID HAVE YOU BORROWED?

Keep good records of the amount of student loans that you have borrowed while attending both undergrad and grad school.  Compare your records against the federal loans listed at www.nslds.ed.gov for accuracy.  The servicer of the loan – the company you will work with throughout the repayment of your loan(s) – can also be found here.  Familiarize yourself with this website; it will be a valuable resource throughout the repayment period of your loan(s). 

Private, non-federal

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