07.19.13 | College Costs Out of Control

Posted in Private Student Loans, Student Loans, Uncategorized by Student Loan Network Staff

Today, 20% of adults owe money on student loans, and 57% are worried about repaying these loans. Many have expressed concern about the recent legislation which increased the interest rate of subsidized loans to 6.8%, but the problem is not the cost of student loans. As stated by Mark Kantrowitz in a recent article published by MarketWatch, this will not double loan payments, but rather, will lead to about a 17% increase in monthly payments.

The real problem is the rising cost of college, and decline in government grants. A recent study by Gallup indicates that only 15% of Americans think that it would be reasonable for colleges to charge students more than $20,000 per year. Yet, many schools, such as MIT, Cornell, and Harvard, charge over $50,000 per year, after tuition and living expenses are taken into account. (more…)

07.09.10 | How are we doing?

Posted in Uncategorized by Student Loan Network Staff

Alright folks, we’ve answered hundreds of questions on our financial aid forum this season and now we have one for you: How are we doing?

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