I never expected that my monthly payments on my Caribbean student loan would go to interest only. After all, I made sure to read my promissory note and started making my required minimum monthly payments, as scheduled, 6 months after graduation. That's why I was completely shocked to find out
As the first person in my family to attend college in the United States, right after completing high school in the Caribbean, navigating Federal financial aid that offered me a menu of mostly student loans, was very confusing.
After signing up for Perkins, subsidized and subsidized Stafford student loans, I
The Florida Caribbean Institute (FCI) offers renewable Out-of-State Tuition Waivers for Caribbean International Students who have been admitted or meet the requirements for admission to any university or community college of the public education system of the State of Florida. Out-of-State tuition waivers can represent a 60% discount on tuition … Read More
Both the U.S. Federal Government and Private lenders, make money on student loan debt by charging borrowers interest on the loaned funds.
The interest rate alone, though, does not take into account accrued interest that can be capitalized on a student loan and increase profits for the lenders at borrowers'