College Ranking and Financial News – March 13, 2015

Here are the best articles from around the web this week talking about student loans…

For the week ending Friday March 13, 2015

Student Loan and College Ranking News

A Warning For Parents About Student Loans

​For families across the country, now is the time that big, life-changing decisions are taking place. For students, it’s the time to decide on where to go to college. For parents, it’s time to have frank discussions about how college will be paid for... Read more

6 Student Loan Mistakes You're Going to Make

Student debt comes in all shapes and sizes, but everyone should be concerned with their student loans, whether their balances are big or small. It doesn't matter if you have competitive rates and will be free of debt with very little effort, or if decades of monthly payments stand in the way of your financial freedom -- staying proactive and being mindful of your debt is always the best option... Read more

3 Questions to Answer Before Refinancing Student Loans

Refinancing involves repaying an older debt by taking on a new loan, with fresh terms. Private loan refinancing may involve consolidating various loans but differs from federal loan consolidation, which converts the interest rates to a weighted average... Read more

Student Loan and College Blog Posts

Obama Unveils Student Aid Bill of Rights

Appearing before thousands of students at Georgia Tech, President Obama shared his plans for student loans in the future. His general theme seemed to be affordability of loans, and ease of use.

“Every borrower has the right to an affordable repayment plan,” said the President. “Every borrower has the right to quality customer service, reliable information, and fair treatment, even if they struggle to repay their loans.”

With that in mind, he unveiled his Student Loan Bill of rights… Read more​

SoFi Student Loan Refinancing Eligibility

Before you apply for SoFi student loan refinancing, we’d like you to be aware of the eligibility criteria. In addition to the information noted below, you must also meet our underwriting criteria to obtain a loan from SoFi.

  • You are at least the age of majority in your state and able to enter into a binding contract
  • You and your co-signer (if applicable) is a US citizen or permanent resident
  • You must be employed or have an offer of employment to start within the next 90 days
  • You have graduated from a selection of Title IV accredited universities or graduate programs
  • If you are applying as a graduate of a law program, you must have passed the bar and be licensed... Read more

Falling Behind On Your Student Loan Debt Can Get You Fired

Robert Bowman found that out the hard way when he decided to go to law school, an expensive undertaking he didn't have the cash to cover.

Like most students, Bowman raised the money to earn his degree through student loans. He borrowed heavily to pay the tuition for undergraduate and law schools, got his J.D. and passed the bar exam. It took time but eventually Bowman got there. He was ready to be a lawyer... Read more​ Around the Web This Week

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