Student Loans Help Blog

People all over the world are eager to study in the US

2007-08-04T08:16:00.000-07:00

Found this little extract on the web:

I live in Turkmenistan. Two years ago I have graduated from school. After that I have studied in college for one year.I want get hight education. But I do not have opportunity to get it. I wish to study in englishspeaking country. I adore foreign languages and culture. Unfortunately I can not make it true. I do not have enough money. I am jeaolous with thoose who have money to study but some of them do not want to. Their parents make them study. And I want study but do not have enough money!

Question: Financial aid in other countries

2007-08-04T08:14:00.000-07:00

I'm an American student, and I'm currently looking at graduate schools, some of which are in other countries. I've heard a lot of things about American students vs. foreign students in terms of American colleges. Is it more difficult to get financial aid for colleges in another country? Does this diffe between undergraduate and graduate schools?

college tuition after World War II

2007-08-04T08:11:00.000-07:00

U.S. college tuition increases have caused chronic controversy since shortly after World War II. Other industrialized countries whose national governments support higher education have more moderate patterns of change in college tuitions and lower levels of controversy.

why lenders want you to consolidate

2007-08-04T08:09:00.000-07:00

Can someone explain why the lenders are so godawful eager to get you to consolidate. I get an offer in the mail almost every day. What's in it for them?

For the same reason all those credit card companies are so eager to give you credit cards. They get to buy your loans and make you pay them money. Also, every time loans get consolidated, they get to round the interest rate up. And presumably older people are less of an investment risk than the students who the money was originally loaned to. Plus, they're actually paying off the loans, unlike said students.

Also for the third-party lenders, if a student goes default on their loans or consolidation, the third-party sells the loans back to the government, hence why its "federally backed". No risk for the lenders, but as a result the interest rates are set by the government in a t-9 bill and updated every July 1st.