Untangling Financial Aid
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- November
- 17
What’s become of the promised overhaul? Experts talk about the student loan scandal and offer advice for students and parents.
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(Scroll down for more video interviews from the Hechinger Institute seminar on higher education.)
This entry was posted
on Saturday, November 17th, 2007 at 4:10 pm by Diana Costello.
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I don’t feel there is enough financial assistance offered for students from middle-class households. I have three sisters, all long out of college and graduate school and yet still struggling to pay their student loans. They joke about how their houses will be paid off years before their student loans. As a soon-to-be graduate school student, it’s discouraging for me to think that furthering my education will also further my debt. I hope that what Mr. Wadsworth said about some of the new loan terms will benefit those like myself who by a small margin, are not eligible for financial aid.
Minimizing your loan burden is a process that takes years to plan. If paying too much of your own educational costs is your concern, it is then your obligation to ensure that prior year tax returns do not exceed the federally allowable limit for financial aid. Be sure that your income does not exceed allowable earnings above and beyond the federal threshold for one tax year prior to your return to school.
John
www.defermyloan.com
www.defermyloans.com