Due to the credit crisis, College Loan Corporation is not currently funding student loans. We are working diligently to secure new financing.
Many students and parents face the same dilemma once they run out of free money, like scholarships and grants, and Federal Stafford Loan funds: where are we going to come up with more money to pay for school? Click here for the full article.
On March 30, 2010, the President signed into law legislation to end the bank-based FFELP (Federal Family Education Loan Program) as of June 30, 2010. Students and parents needing new Federal loans for the 2010-2011 year will primarily borrow directly from the government, through the Direct Loan Program. Click here for the full article.
The financial aid process in itself is very confusing for students and parents, without adding the myriad of changes that have occurred in the student lending community in recent years. You and your family may have encountered some changes to the process of applying for financial aid, or selecting a student loan lender. Click here for the full article.
Ever since the credit crisis hit the student loan industry, it’s gotten harder to get private loan funds. Let’s face it – credit is tight these days. That means that banks are being much more selective in their lending decisions. Without any significant credit or income of their own, college students can experience some difficulty in getting private loans. Click here for the full article.
This year, college students and parents at many schools are facing large tuition increases. The average cost of a 4-year private school for the 2009-2010 school year is $26,273 (up 4.4% from last year), and the average cost for a 4-year public school is $7,020 (up 6.5% from last year) . With more parents out of work due to the current economic conditions, and less companies hiring college students for part-time work, many families are having a tough time covering the increased cost of tuition. Click here for the full article.
It’s September; the start of school and the start of your college money woes. First you have that gigantic tuition bill to pay. Then you have your college apartment where you may have to put down a deposit and first month’s rent. On your way to spend the rest of your cash at the college bookstore, you get slapped with a fine since you haven’t bought your parking pass yet. Yikes! While we’re hoping this isn’t happening to you, many of these expenses are typical for most college students and they often need to be paid by September. Click here for the full article.
Most consumers today are aware that identity theft is a problem and take the time to safeguard their information. We want to help college students and parents realize that identity theft isn’t limited to someone stealing your wallet or hacking into your computer. Identity crimes have become very complex; once you are a victim, it could take years to recover your good credit and monetary losses. Click here for the full article.
What is the best alternative loan? For most students the “best” loan is the one that costs them the least amount of money. In addition, you probably want to have convenient product features that make repaying your alternative loans easier. Click here for the full article.
For some students, the semester begins in less than a month and there is a rush to secure financing. Does it seem harder to get the money you need this year? You might be right. The bad economy and the tight credit markets haven’t been good for student loans. Click here for the full article.
We know you’re tired after a long school year and you don’t feel like pondering higher education politics when the summer hot spots are calling your name. However, the latest legislation is almost certain to affect college parents and students who use federal financial aid. Part of President Obama’s higher education budget proposes that, starting in academic year 2010-2011, all new student loans be originated through the Direct Student Loan program, thereby marching all Federal Family Education Loan Program (FFELP) student loan lenders to their demise. Click here for the full article.
For many families, 2009 is turning out to be a tough year to think about college costs. Families may be dealing with difficult issues, like unemployment, rising mortgage payments, or even foreclosure. Even if your family isn't facing extreme financial circumstances, you always want to maximize your financial aid awards and pay for college as cheaply as possible. Click here for the full article.
Money may be tight for you and your family this year. And chances are your school's costs have gone up since last year. Many families are really digging deep and making sacrifices to cover college costs. As you're making decisions on how to pay for college, we just want to make sure that you aren't making any mistakes that might hurt your financial future. If any of these sound familiar, there is still time for you to reevaluate your financial aid decisions and work with your financial aid office. Click here for the full article.
Paying for second semester could be tough for college students. Overall, it seems most students made it through the first semester, even though loans were harder to find and many loan disbursements were delayed or cancelled.
Students might not be so lucky next semester. Click here for the full article.
The fastest way to get your private loan money is to be prepared when you start to apply. Know if you are going to use a co-borrower or not, and then have your paperwork, and your co-borrower’s paperwork, all ready. With the CLC® Premier Loan™, you can have your co-borrower immediately apply after you, to see if you are preapproved instantly! Click here for the full article.
College Loan Corporation celebrates the 10th anniversary of Joe Kakaty, Chief Marketing Officer.