It’s tax time again, and if you paid interest on a student loan in 2009 you may be eligible to deduct up to $2,500 of the interest you paid, whether the loan was for your own education, your spouse’s, or that of a child or anyone else who was your dependent at the time the education was undertaken. (more…)
Archive for the ‘College Finance’ Category
How To Deduct Your Student Loan Interest
Wednesday, February 10th, 20107 Celebrity Sponsored College Scholarships
Tuesday, December 15th, 2009Tis the season to be sharing, so we’ve compiled a list of scholarships offered by some of Hollywood’s biggest names. Some of these college scholarships are pretty hefty offering full-ride scholarship opportunities. Enjoy and good luck! (more…)
UK Student Loan Fiasco Foreshadows Future Woes in US Plan
Tuesday, December 8th, 2009President Obama’s Student Aid and Fiscal Responsibility Act, which would force students to obtain their college loans directly from the federal government, is not an unprecedented consolidation of the student loan industry. In fact, across the Atlantic in the United Kingdom, students must now utilize a centralized authority for their student loan needs. This authority, the Student Loans Company (SLC), has been designated by the government as the sole provider of student loans in the U.K. In its first year, the SLC has already so muddled the process that much of the angered public has called for the resignation, or firing, of its head official. The outrage comes on the heel of reports that more than 100,000 students in the U.K. are still awaiting their first loan payment, months after the start of term. The SLC has found many scapegoats for the delays, including a record rise in loan applications, the recession, and even the transfer of the student loan administration from the various smaller local authorities to the SLC. (more…)
Berkeley Students Protest Tuition Hikes
Monday, November 23rd, 2009Students at the University of California Berkeley protested tuition hikes by occupying various campus administration buildings. The students and facility were protesting a thirty two percent hike in tuition; the tuition increase would raise semester prices by over 500 dollars.
Several students were arrested after at least 50 students occupied a classroom building on the Berkeley campus early Friday. The standoff continued through the afternoon, as supporters on the campus banged drums and cheered. Students later vacated the building and moved their protest to a public student building after they were threatened with additional police enforcement. (more…)
Student Loans: New Payment Plan to Help Save Money
Tuesday, November 3rd, 2009Most student loan borrowers do not realize that on July 1, 2009 a new, more lenient payment plan was made available for those people having trouble repaying their federal student loans.
Government Looking to Control Student Loans
Friday, October 16th, 2009
The Student Aid and Fiscal Responsibility Act was passed by the House of Representatives a few weeks ago and is now being debated in the Senate. The main purpose of the bill is to hand control of the Federal Student Loan Program entirely over to the Department of Education. (more…)
5 Ways to Avoid a Student Credit Card Catastrophe
Wednesday, October 14th, 2009
Getting a student credit card in college is a great way to build your financial future. Student credit cards not only offer great rewards but also help you build your credit history. Although student credit cards are a great resource to have it is important to use them properly. Here are some tips to consider when getting a student credit card to prevent a credit card disaster. (more…)
Top 10 most expensive colleges
Tuesday, September 22nd, 2009College tuition around the country continues to rise with the average student leaving college with 24,000 dollars in student loan debt and that is just the average. If you were to attend any of the schools below that wouldn’t even cover one year of education. (more…)
Top 35 Ways To Make College Affordable
Monday, September 21st, 2009Nearly every year, colleges and universities across the country raise their tuition. At the same time, the cost of living in almost every U.S. city is increasing dramatically. These two factors make college more and more difficult to afford for the majority of families. College Spot has compiled a comprehensive list of tips and guidelines that you can use to help reduce your college costs and make your dreams of a higher education attainable. (more…)