Archive for September, 2008

Students in hock, is an expensive college worth it?

Thursday, September 25th, 2008

AZ College Planning always advises students and parents to take a closer look at whether borrowing makes financial sense. This of course is based on the individual family situation and the student’s potential future income. Your student may graduate with student loans that will be due (typically 4 ½ years after disbursement). The difficult question [...]

Is MyRichUncle on the verge of bankruptcy

Friday, September 19th, 2008

A popular site for student loans, the cleverly named MyRichUncle.com, has slammed the brakes on its student lending activities.
Here is what it says on their website:
Thank you for your interest in MyRichUncle. At this time, we have paused our private student loan program. Due to continued

J.D. on 3TV Good Morning Arizona

Wednesday, September 17th, 2008

these are the links to see J.D. on Good Morning Arizona
Episode 1 air date 8/27/08 http://www.azfamily.com/video/gmaz-index.html?nvid=276518
College is expensive, where should you start
Episode 2

Application, essay & interview mistakes to avoid

Tuesday, September 16th, 2008

Here are three tips for hopeful college students filling out college applications, essays and college interviews.
1. Not being prepared. Know the deadlines (earlier is better) know what the school wants and the timeline. Does the school require

Warn your students: deceptive credit practices

Friday, September 12th, 2008

Yesterday I mentioned about a settlement by a bunch of the biggest student lenders in the country, whom NY Attorney General Cuomo alleged were engaged in deceptive lending practices. See the article titled “Deceptive student loan practice, caught in the act”.
The Wall Street Journal ran another article about different insidious little danger you need to [...]

Deceptive student loan practice, caught in the act

Thursday, September 11th, 2008

USA Today ran a brief paragraph on an upsetting story.  Eight student lenders, including some of the biggest (Nelnet, GMAC bank, among others), coughed up $1,400,000.00 dollars to settle NY Attorney General Cuomo’s probe in their alleged unfair and deceptive marketing practices.
 How does this affect you? This might be

10 things college financial aid offices won’t tell you

Friday, September 5th, 2008

 1. “You waited until April? Sorry, we gave your money away.”
At first glance, the amount of financial aid available to students seems like a gold mine. According to education testing and information organization The College Board, students received more than $130 billion in aid during the 2006-2007 school year for undergraduate and graduate study; more [...]

Private student loans tougher to find

Tuesday, September 2nd, 2008

“PRIVATE STUDENT LOANS TOUGHER TO FIND” by Sandra Block, USA Today
Your child will be a college freshman this year, and you’re a little apprehensive.
Will she pass Econ 101?  Eat her vegetables?  Come home for Thanksgiving with an
anarchist boyfriend and a full body tattoo?
For some parents, though, such worries are eclipsed by a more immediate concern:
paying [...]

Tips to spot scholarship scams

Monday, September 1st, 2008

If you’re a student, or the parent of a student, that is about to head off to college, you’ve got to be very careful, because you are on a lot of shady people’s list.
You are going to get a lot of offers by phone and by mail for scholarship searches, or telling you you’ve won [...]