How the Affordable Care Act Affects Student Loans
July 31st, 2012 by Jennifer Frankel

Although the Patient Protection and Affordable Care Act – a recent US federal statute signed into law in 2010 –  has been dogged by uncertainty since its passage, the Supreme Court’s recent ruling means that what was once a mere possibility is now near certainty. Given the sheer size and scope of this landmark legislation, many seemingly unconnected aspects of daily life will be affected by the law. While student loans, at first glance, would seem to beyond the scope of the law, they will be impacted by it in dramatic ways. As a result, students and educators alike should be aware of how the Affordable Care Act affects student loans and, indeed, themselves. Read the rest of this entry »

2020 Kansas Loan Forgiveness Program Offers Rural Relief
July 26th, 2012 by Jennifer Frankel

Kansas Student Loan Forgiveness Opportunity

Student loan debt may be a sign of the times but it is also at an all-time high. Indeed, according to the Consumer Financial Protection Bureau, the national figure for the United States now tops more than $1 trillion (meaning that the the average debt for now exceeds $20,000). In response to this an increasingly large number of students are seeking new loan forgiveness programs to help offset this burden and, at the same time, a new breed of programs is stepping in to offer relief. While traditional programs have been offering loan forgiveness to teachers at low-income schools, social workers in high need districts, and other skilled professionals working for the public interest for years, a new loan forgiveness program is working to solve another social problem: rural population decline in the US.

Read the rest of this entry »

Why Do I Need a Cosigner for an International Student Loan?
July 20th, 2012 by Jennifer Frankel

If you are planning to apply for an international student loan, you will soon run across the term cosigner. A cosigner is someone who assumes responsibility in case you are unable to pay back the loan. All international students in the US and many US students going overseas will need to have a cosigner in order to be approved for a student loan.

So while you may be asking yourself, “why do I need a cosigner for an international student loan?” you will soon find that there are many advantages to this. First, all international students are required to have a cosigner in order to apply to a US student loan. This requirement is standard for all US loans.

Why, you ask? Read the rest of this entry »

Tuition Inflation Makes Student Loans a Necessity
July 11th, 2012 by Jennifer Frankel

Benjamin Franklin may have once said that “the only things certain in life are death and taxes” but at the dawn of the 21st century that infamous duo has admitted a new member: inflation. Although less well-known, inflation – the tendency of prices in for goods and services in general to rise over time – is no less sobering. Moreover, because inflation affects different goods and services at different rates, the inflated cost of higher education in the US – otherwise known as tuition inflation – means that inflation will affect the average student long before either death or taxes come knocking. Read the rest of this entry »

International Private Student Loans
July 5th, 2012 by Jennifer Frankel

Many international students soon find that supporting an education overseas can be a challenge. After all, international students are not eligible for many financial aid avenues that US students have access to. Once international students have maximized their scholarships and grants, they may still need help covering their costs. In situations like these, international private student loans can help cover this gap so that they can afford tuition, airfare, books, living expenses, and much more. Read the rest of this entry »


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