ICYMI: 3 Student Loan Stories, 300 Words

Posted by Joe Crosby on 9/11/15 10:32 AM

You're busy helping students finance their academic and professional dreams, but that doesn't mean you can't be conversant on the latest in student loans and financial literacy news.

In case you missed it (ICYMI) here are (roughly) 100 words on 3 financial aid stories from the last few days.

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Topics: Student loans in the news

Student Loan Interest Rates Decrease

Posted by Joe Crosby on 5/19/15 10:47 AM

Back in 2013, when there was a fair amount of drama surrounding student loan interest rates, our industry was a media darling and a bi-partisan issue in a quiet, non-election year. That's what happens when student loan interest rates double. 

In 2015, when rates on undergraduate Direct Loans decreased from 4.66% in 2014-2015 to 4.29% for 2015-2016, the news made the rounds through the cycle, but was just slightly louder than a church mouse. 

Why? Because interest rates don't involve (as much) political discussion now that they are tied to the T-note. And when federal interest rates remain low, student loan interest rates remain low. 

Great Lakes SmartSession

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Topics: Student loans in the news

Paying for student loan consolidation? Don't, it's free!

Posted by Joe Crosby on 1/3/14 11:53 AM

A new year comes with resolutions. You know the most popular - lose weight, get organized, exercise more. Among the top on the list is "manage debt." 

So it is really not surprising to hear student loan assistance companies ramping up their advertising campaigns this time of year.

As the cost of higher education increases, the debt burden of our college students increases, and last year the 3-year cohort default rate for students entering repayment hit nearly 15%

A growing cottage industry that has benefited from this problem are the many “student loan assistance” companies. These organizations charge borrowers to consolidate their loans, help move them into deferment or forbearance status, lower their payment, and do other things that are - quite simply stated -  FREE.

A radio ad placed in our market recently spoke of the company's ability to consolidate a student borrower's loans.

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Topics: Student loans in the news, student loan consolidation

A Year of Student Loans - 7 Headlines of 2013

Posted by Joe Crosby on 12/19/13 12:54 PM

Lists of the best music, movies, games, and books will take their annual place in the media's discussion in the final weeks of December.

Student loans are our passion so we bring you our own "best of" list. Here are 7 of the most interesting stories from the world of student loans in 2013. 

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Topics: Student loans in the news