Financial Aid News August 2007 Issue
This month, we talk responsible borrowing, private student loans, and personal finance, in our brand new, shorter format. We're cutting down the newsletter so that you can read the individual pieces at your leisure, rather than get a novel in the mail every month. Let us know if that works better for you.
If you have comments or questions about the newsletter, please email me at: FinancialAidPodcast@GMail.com and I'll do my best to respond as quickly as I can. Please call our toll-free number at (877) 328-1565 if you have a specific question about how we can help you pay for college.
Christopher Penn, Editor
http://www.FinancialAidNews.com
http://www.FinancialAidPodcast.com (iPod NOT required)
Featured SLN Announcement
Need additional funding for school in a hurry? Private student loans from Act Education Loans can get your educational expenses paid in as little as 5 business days after receipt of your completed application. Visit:
Reminder: be sure you've filed your FAFSA and applied for the maximum amount of federal student loans like the Stafford Loan, too.
Featured Article: Responsible Borrowing
It's difficult to determine how much you should borrow to pay for a college education. College is definitely an investment in yourself, in your future, and countless statistics point to a college degree increasing your earnings power over time. The question is, just how much is too much, and how can you tell?
Most sources for responsible borrowing give relatively generic (but sound) advice - borrow what you can afford to repay, consult a financial planner, borrow only what you need, and borrow as little as possible. That said, there are a few measures by which you can judge what will be tolerable repayment situations.
Last Words: Selections from Student Loan Network Experts
- Monique Leonard points out the elephant in the room in financial aid.
- Katie Dexter explains the significance of the graduate Stafford loan.
- David Bonvie compares the financial aid process to a marathon.
- And finally, I've got a video presentation up for 5 techniques to inspire creativity.
Scholarships
This month, SLN scholarship hunter Russ Ain jumps in and doubles the number of scholarships available daily! StudentScholarshipSearch.com has just topped $9.5 billion in total scholarship dollars available! Here's a short selection of the most recent scholarships added to the database.
- NALC - William C. Doherty Scholarship
- National Garden Clubs Inc Scholarship
- Adelante! Fund Scholarship Program
- Akademos / TextbookX.com Scholarship
- Frank O' Neill Memorial Scholarship
- SADD College Scholarships
You can view the past 30 days' most recent scholarships at StudentScholarshipSearch.com, where all scholarships are published without you having to register or submit personal information:
http://www.studentscholarshipsearch.com/New/
And Now For a Word From Our Sponsors
Ever take out clothes from last year and find money in the pockets? Isn't that always a pleasant surprise? You'll feel the same way after you consolidate your federal or private student loans at StudentLoanConsolidator.com. Reduce your monthly payment up to 53%, simplify your budgeting, and start finding money in your pocket every month. Visit:
http://www.StudentLoanConsolidator.com
Looking for tutorials about the FAFSA? Be sure to visit FAFSA Online, the Internet's best FAFSA resource!
Confused about the difference between APR and APY? Learn about this plus many other consumer credit issues at StudentPlatinum.com and compare our various products and services:
http://www.StudentPlatinum.com/compare
The Very Last Word
Missed an issue? Did you remember a scholarship but can't find the back issue? Want to tell a friend about the newsletter? You can always find back issues of the Financial Aid Newsletter at:
http://www.FinancialAidNews.com
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