(NYDailyNews.com) You might need a Ph.D. to understand President Obama’s new plan to ease the pain of student loan borrowers. Announced last week, the changes provide relief to millions shouldering student loans they cannot afford. But figuring out whether you are eligible requires a fair amount of homework.
Posts Tagged ‘federal student loans’
How Can Obama’s Student Loan Plan Help Your Family?
November 3rd, 2011 
Elisheva Wiriaatmadja 
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Student Loan Problems – Help to Avoid Default
October 30th, 2011 Elisheva Wiriaatmadja (Forbes.com) One of the most frequently mentioned grievances on the We Are The 99 Percent site is excessive student debt. To supplement what I have already written on the topic I have invited guest posts. This is from a representative of American Student Assistance. I did my own field research by venturing out from the geriatric [...]
Clearing Up Some Confusion About the New Federal Student Loan Rules
October 27th, 2011 Elisheva Wiriaatmadja (NYTimes.com) On Wednesday, President Obama introduced two changes to the federal student loan program that could affect several million borrowers. The broad outlines of his plans to encourage loan consolidation and assist people who are struggling financially are reasonably clear. But if the questions sent to our Bucks blog from indebted people are any indication, [...]
Fixed-Rate Student Loans – With a Catch
August 21st, 2011 Elisheva Wiriaatmadja (WSJ.com) With tuition bills due in a few weeks, a growing number of banks are offering stretched parents and students new, fixed-rate loans that promise protection from the specter of rising rates — for a price. Until recently, most private student loans have carried variable rates, where the interest rate can adjust up or down [...]
Private Student Loans – Financial Aid or Curse?
February 22nd, 2011 Elisheva Wiriaatmadja Dustin Busson-Sokolik was a student at the Milwaukee School of Engineering (MSOE) in 1999 when he got a private student loan worth $3,000. Upon taking the loan, he signed a promissory note that made him liable for collection costs and possible attorneys’ fees if the loan amount would not be paid within the specified term. [...]
Between Private Student Loans and Federal Student Loans: Which Suffocates You Less?
August 8th, 2010 Elisheva Wiriaatmadja The young generation of America are continuously being lied to and told that getting a student loan is a good thing because it is good debt. They say, if it is to invest in a future, it is a good decision to take. However, even without the economic crisis in place today, fresh graduates are [...]
