Mark Kantrowitz
Mark Kantrowitz
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The raw odds are 1 in 25 (in getting a scholarship), ... And the average amount received is about $1,600. If you're just a random student, C average, no interesting hobbies, you're unlikely to get aid.
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It is and it isn't. It is from the point of view that rates are the lowest they've ever been.
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If it sent out rejection letters, it would have no money to give away.
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The Deficit Reduction Act had a lot of cuts, and it had a couple of good things. These are the good things. One step forward, four steps back -- that's the way I characterize the legislation.
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There are very few scholarships that give money simply for breathing. Probably most of the scholarships are merit-based. Awards that are need-based tend to be loans.
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Anybody who hasn't consolidated should consolidate before the law goes into effect. The appeal of consolidation under current law now is you're taking a variable rate and locking in at a fixed rate.
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It's a no-brainer at this point. You want to consolidate before rates rise,
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This is a no-brainer. It's worth your while to consolidate now.
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It's definitely the dark ages for federal support for higher education.
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This is in some ways the dark ages of federal support of education.
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If you've got good credit, the private education loans for the upcoming year are going to be competitive.
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The era of historically low interest rates on student loans has ended.