… credit card companies are already swarming campuses with tempting credit card offers for college students.

The article said:

“Banks have a certain idea that parents will bail them out, or they will graduate and get these really high-paying jobs and be able to handle the bill,” said Linda Sherry, a spokeswoman for Consumer Action.”

And once the new law passes parents who co-sign credit cards for their college aged children may end up actually bailing them out whether they like …

Comment by Reed Allmand: … companies lure new students into cards with the “free …

Permalink: /credit-counseling/college-students-and-parents-beware-of-credit-card-offers/

… not taking any new participants) and the recent rule changes, it looks like future college students may have no other choice than to consider student loans as the cost of college education in Texas increases by 8.9 percent each year.

Permalink: /student-loans/avoiding-student-loans-seems-impossible-for-texas-future-college-students/

… isn’t being talked about is the fact that private loans are often the last resort of desperate students who can’t find money anywhere else for their education.  Normally, students looking for money for college will receive grants, scholarships and student loans directly from the government.  The problem is that the cost of college has shot up so high and so fast that the amount of government student loans has not been able to keep pace.  Because of this many students turn to private …

Permalink: /student-loans/are-private-students-loans-the-subprime-arena-of-higher-education/

… upward and credit cards as easily available around campuses as cheap beer, it’s no surprise students are piling on the debt as fast as they’re pulling out the plastic. Patrick Rogan, a CPA and community college instructor, calls the lack of financial preparedness “appalling.”

In just the past five years, the median amount of credit card debt that college freshman hold has gone from $373 in 2004 to $939 in 2009.  That’s an amazing amount of debt for youth who are barely out …

Permalink: /student-loans/college-students-are-swamped-with-debt/

Students filing for bankruptcy often receive thousands of dollars in student loan money for their tuition, books, fees and living expenses. Since this is often their only source of income, many students are afraid to file for bankruptcy because they believe that their student loan money can be used to repay creditors in Chapter 7 or Chapter 13 bankruptcy. Fortunately for students, student …

Permalink: /student-loans/students-loan-money-protected-from-seizure-in-bankruptcy/

… card offers will be prohibited to everyone under 21, and credit card companies can’t entice students into signing up for a credit card with any tangible item anywhere on or near a college campus or at a college-sponsored event.”

Also, Texas law now requires that the state’s colleges incorporate a credit education class into their new student orientation program. Many students who want credit cards may attempt to convince their parents to co-sign for the credit card; but parents …

Tags: Credit card Students Texas Law

… loans.  The best offense is to be defensive in applying for student loans.  Historically, students and parents borrowed money for a majority of college expenses. However, over the last two years, more parents and students are become more prudent in their choices regarding college to alleviate many of the problems with student loans.

According to an article in the Austin American Statesman, “A National Association for College Admission Counseling survey released this month showed …

… parents that the district is currently using less than half of the space that it has available for students.  That means the district is wasting a lot of money on too much capacity.  The district’s idea is that with consolidating schools the district can save a lot of extra cash.

 

The details of the district’s financial situation look pretty terrible.  Next year, the district is set to lose $8 million unless the district makes sweeping changes.  This also includes the district …

… for four years of college and increase Pell Grants.    And let’s tell another one million students that when they graduate, they will be required to pay only 10 percent of their income on student loans, and all of their debt will be forgiven after 20 years –- and forgiven after 10 years if they choose a career in public service, because in the United States of America, no one should go broke because they chose to go to college. 

For years, student loans have been …

… for four years of college and increase Pell Grants.    And let’s tell another one million students that when they graduate, they will be required to pay only 10 percent of their income on student loans, and all of their debt will be forgiven after 20 years –- and forgiven after 10 years if they choose a career in public service, because in the United States of America, no one should go broke because they chose to go to college.

For years, student loans have been nondischargeable …

… the U.S. Department of Education.  For-profit colleges claim that the high numbers of low-income students attending their institutions are inflating their default rates.  So does being a low-income student increase your chances of defaulting on your student loans?

It’s important to note that student loans are nearly impossible to discharge in bankruptcy.  Therefore, if it is true that low-income students are at a higher risk of defaulting on their student loans, lower-income graduates …

… the economy out of the recession. Due to IRS errors everyone from married couples to struggling students may be forced to fork over up to $400 to Uncle Sam

Who Should Be Concerned

If you worked two jobs you may have received a $400 dollar stimulus at both places of employment. One of those payments must be returned to IRS once you file your taxes.

Dual-income households. If you and your spouse both work and make more than $13,000 a year, you may need to return up to $400 to the IRS …