While prepping to pay for college again, I’ve run into a few interesting student-centric financial articles lately. I thought I’d share the skinny:
Flip Side of the Dream: Having an unusually hard time finding a job this summer? Times columnist Bob Herbert might know why. The article is from TimeSelect, so get access here.
A Math Lesson on College Loans: You know that super-duper no-co-signer Stafford loan you’re using? It’s a federal direct loan — the best thing you can opt for, especially in the midst of recent loan scandals — but what if it could cover more than $3,500?
MyRichUncle: student lender leverages loan scandal: A strange option in the paying-for-college department called a “human capital contract.” Get money for college by signing away a small percentage of your future income for 10-15 years out of college: if you’re the next Bill Gates, they rake in the cash… but if you make nothing, you pay nothing. This older article from the International Herald Tribune got me started.
Kevin
on June 18, 2007 @ 3:43 pm
Good articles, helpful information.
Your Consolidation Loan Ltd
on January 18, 2008 @ 6:21 am
You also need to bear in mind that Consolidation Loans may not always be the best option for certain individuals. If you cant afford to make repayments or if you have a bad credit history then some lenders will charge you even more on interest rates, putting you further in debt in the long run.
Taking out a consolidation loan in certain situations can be a great help, if, and only if you can control your spending and if, and only if, you get rid of all that ‘plastic’ that may have got you into debt in the first place.
Your Consolidation Loan Ltd
on January 18, 2008 @ 6:21 am
You also need to bear in mind that Consolidation Loans may not always be the best option for certain individuals. If you cant afford to make repayments or if you have a bad credit history then some lenders will charge you even more on interest rates, putting you further in debt in the long run.
Taking out a consolidation loan in certain situations can be a great help, if, and only if you can control your spending and if, and only if, you get rid of all that ‘plastic’ that may have got you into debt in the first place.