Surviving Student Loans and College Debt

By carefully choosing student loans, grants, and scholarships as part of your entire college financial aid package, you can avoid going into heavy college debt. Kimberly Palmer, senior editor for U.S. News, discusses financial aid tips to help in paying for college and minimizing student debt and the differences between private loans and federal college loans.

For more college financial aid advice go to http://www.usnews.com/articles/business/paying-for-college/2008/04/09/look-tw...

Category:

Education

Tags:

• federal
• student
• loans
• college
• financial
• aid
• grants
• scholarships
• tips
• advice
• education
• US
• News
• World
• Report

[swinggcat1]

its simple really colleges are a big rip off unless financial aid covers for it don't go and never take out "loans". they just scam people and make a living off of you while you pay off those "loans" on hidden interest rates. I'm not even going to start with this college shit why do you have to spend 50k to 200k to go somewhere where you learn how to memorize useless shit then get "tested" for it and won't ever use that "education" and forget most of it anyway give me a fucking break.

[Jessecraft1954]

I took out loans and today paying back loans to the government is like paying back the mafia. If you don`t have a job or the money to pay, they will take it our of your paycheck when you do work and take your income tax return money and then after years of paying them through garnishments, they can and will sell your loans to a finance company for 24 percent interest wheither you like it or not. They won`t even tell you before they sell them. All the U.S. is about is MONEY

[WUexp]

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[limitbreak187]

some people don't have choice. in the streets all you are doing is wating for the cops to arrest you or you could try become your own person and striving for little hope. I guess what i am saying is that either way degree or not, we are all screwed. how long do people think that the government will take care of you think? no more foodstamps, welfare, assistance nothing and then what can you do then. in reality we are all in debt

[pjohn519]

Borrowing money for education should be less difficult, especially with college graduates having such a hard time finding jobs after college. Some drastic reforms are needed. But there are ways to deal with student debt and get it paid off so that young adults can begin to build for their future. It requires some planning and discipline, but it can be done.

[CollegeReform]

Colleges need drastic reforms! Let's start a movement to change things. Type Reform Higher Education Now in the search box on Facebook or click CollegeReform below.

[shevah2]

@MrFaisel34 the goverment also taps into child support funds. All the taxes our goverment collects from us only covers 58% of goverment expenses. here in nyc, we have a budget deficit with taxes at an all time high, at 9% and growing. Highest in the country :) But our city buses are being cut, nypd police officers only make 25k a year, and fdny stations are being closed down by the city. Not to mention our teachers. Only an idiot couldnt figure out there is a problem here...

[MrFaisel34]

@shevah2

You are correct. "The money you pay in SS taxes does go to those who receive SS." Now that money is paid by the current generation to the current recipients. Soon, the money collected from the the SS taxpayers wont be enough to cover all the baby boomers retiring. The government has been tapping into the SS pot for a long time. They have also been tapping into USPS profits. Do you really think the post office is going broke because everyone is now sending e-mails?

[shevah2]

@MrFaisel34 there is a misconception about social security. The money you pay now goes to those who recieve SS. The money does not go to you as a saving however, but you do have an imaginary balance. That is paid by the generation after you. Its a neverending cycle. Parents pay grandparants SS. Children pay their parents SS. And so on. Im not stating absolute fact, i dont know if my statement is 100% true, if not tell me.

[CollegeReform]

Higher education needs drastic reforms. Join a movement to expose the problems with today's colleges. Type Reform Higher Education Now in the search box on Facebook or click CollegeReform below.