Level T asked:


The interest rate on an unsubsidized Stafford student loan is 6.8%. How often does interest acculumate on such a loan? For example, if my loan is $5000, how do I calculate when and how much interest is capitalized onto the loan. Thank you for your help.

westofvideo asked:

Calculations show how a traditional private student loan works and payments calculated

winbest9@sbcglobal.net asked:


I have 42,000 in private student loans that I am trying to consolidate. I was rejected by Bank of America, Wells Fargo, Citi Bank etc. I do not know where to whom to turn. Does anyone have any suggestions?

theloangeek asked:

Carolyn Karno, Manager of Early Awareness & College Planning at the Connecticut Student Loan Foundation, speaks on the problems with eliminating the Federal Family Education Loan program, as suggested under the Obama administration’s changes. Carolyn discusses how the high-volume end-users, the schools, had the highest exposure to the deficits and limitations of the Direct Loan program, and how after some experimentation with DL, most schools switched back to FFELP. “That should tell you something, ” says Karno. She also addresses what President Obama suggests as the primary driver for the elimination of FFELP – cost savings to be put toward the expansion of the Pell Grant program. “It will come, most likely at the cost to the consumer.” Karno goes on to assert that this is “…not necessarily a win-win situation for students,” and that public school systems that have traditionally relied on the free services in college planning, financial aid training and early awareness will be at serious loss. As Karno points out, individual students do *not* save any money by using the government’s Direct Loan program. In addition, when proponents of the Obama administration’s plan trumpet potential future savings, they forget to account for the fact that shifting all student loan business to Direct will also increase the national debt and government spending. *Every* dollar originated for student loans will either have to be borrowed by the Feds or will have to come from The Treasury. Thus, spending on loans for higher education will shift from the private market to consumers, increasing individual tax burden and possibly contributing to later inflation. For more information on preserving student choice, please go to cslf.wordpress.com and http

Drop in at the Career Services Center Early And Often

Drop in as soon as you can to the Career Services Center. During your first visit, make an appointment to visit with a career counselor in a few days. After you’ve made your appointment, explore the resources available to you. To make sure you get the most out of your upcoming meeting with the career counselor, give yourself a few hours at least to familiarize yourself with the Career Service Center’s reference materials.

What you should do during that first visit is to take any career assessment tests the center might offer. These tests will ask you about what you’re good at, and what you want from a career. From the list of possible careers that the test suggests to you, see which of them appeal to you the most.

When you have your meeting with your career counselor, ask him or her about the path you’re considering pursuing. Ask your career counselor how to land a job in the field or fields of your choice. The answer you get may help you determine the course of study you take in your classes. In addition, you should ask your career counselor to give you contact information for alumni who are now working in the fields you wish to work in after graduation. Also, ask about internship opportunities that will help you get a leg up on a high-paying career.

Do Internships

Internships, while often unpaid, sometimes offer course credit. The most useful thing about internships, though, is that they offer you an opportunity to build relationships with people working in the profession you’ve chosen for yourself. Another advantage of internships, of course, is that they provide you with some real-world experience that you can use to enhance your resume as well as your candidacy for jobs in the future. And though internship don’t always work this way, sometimes a company will like what an intern does so much that they end up hiring him or her permanently.

Reach Out To Successful Alumni

Don’t ask them for a job. Send an e-mail and explain they are doing what you would like to do one day. Ask if it would be all right to call or have lunch at some point so that you can find out how this person got to be in the position you’d like to be in one day. And who knows, if a job is open at his or her company when you’ve graduated, since you’ve already established the connection, your resume could move to the top of the pile.



By: Elizabeth Saas

About the Author:

Anyisa H asked:


When I go to college I want to be a computer Engineer and I know I will rack up atleast 100,000 dollars in dept because of loans but, the schlarships will help out a bit and I just want to know is living after college impossible with college dept like this ?

skeletonking83 asked:


I’m applying for a loan through the college, and it’s offering subsidized and unsubsidized loan totals. What exactly does that mean? If anyone can give me some information on this, I would greatly appreciate it.

urbanwallstreet asked:

Are you or your parents prepared to finance your college education? Paul Anthony Rivers, author of “HU$TLE, How To Get College Cash By Using Street Smarts”, comes thru with some invaluable insight and knowledge for anyone seeking sources to help with college financing. This is a MUST see!!

rails85 asked:


If for example I have a Stafford Subsidized loan for 5,500 and my disbursement amount is for 2,700, what do I actually owe when I have to pay the loan? What is the disbursement amount? If that is what I owe, who pays the other 2,800?

Thank you!