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'
After news of Secretary of Education, Betsey Devos' plan to roll back Obama-era student loan protections, Student Loan Attorney, Jay Fleischman said it best, "It’s all ‘borrower-beware.’ It’s on you to find all the information..."
And the truth is that this was the case even with the Obama-era
I strongly believe that the main reasons borrowers get in trouble with student loans are:
In my own case, completed my undergraduate degree program with a much higher than average