The U.S. dollar is losing its value to other currencies. Initially, it was caused by a large deficit in trade and spending over a few recent years, according to analysts. This situation causes financial experts’ concerns. This might threaten the U.S. financial stability, as slowing economy is not the most attractive factor to investors. But let’s not go into the details of U.S. economy. I am offering you to figure out how the dollar decline can influence students. Study-abroad programs, to be more exact.
The dollar sags, the costs for college study-abroad programs rise. Over the last few years the prices have gone up to 10-15%. And that is quite a sufficient jump. The dollar went down by 5% against … (more) April 1, 2008

Posted in Student Credit Cards, Student Loans 1 Comment »

Student loan debt is a topic near and dear to me.  My 4 years of college education has resulted in a mortgage-like-payment every month, probably for the rest of my life.  I didn’t qualify for much in “free money” when attending school because my parents made “too much” money according to the FAFSA we had to fill out.  (Where was the question that asked who would be paying for the education?  My parents didn’t have the money to contribute and therefore I financed my 4 year degree myself- doesn’t seem fair that I had to include their income does it?)
There are places that can help lower the amount you pay each month, and possibly lower the interest rate you’re paying … (more) October 7, 2007

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You need some more money for college expenses this semester. Do you whip out a credit card to pay for your books, or do you apply for a federal or private loan? Well, consider the options –
- With a federal loan, your interest rate will be low (around 5%) and your payments will be deferred until 6-9 months after graduation.
- With a private loan, the interest rate will be slightly higher than with a federal loan but will still be lower than average. In addition, you will only need to make interest payments until after graduation.
- With a credit card, on the other hand, the interest rate can be as high as 21%. Interest begins accruing almost immediately, and you … (more) April 22, 2007

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