Federal Student Loan Interest Rates Dropping for 2019–2020 School Year
Interest rates for federal loans taken out on or after July 1, 2019 will have a significantly lower interest rate than last year. This is the first decrease in three years. The new fixed rates will be as follows: Loan Type2018-2019 Rate2019-2020...
Parents Are Sacrificing Retirement to Send Their Kids to College
A new report released by Guardian entitled, “College Debt in America: The Case for Tuition & Loan Repayment Benefits,” found that 7 out of 10 parents plan to use a part of their retirement savings/investments to pay for their children’s college...
Peer-to-Peer Lending Becoming Form of Financial Aid
College tuition has increased 163% since 1988. More American parents are saving for college than ever before. Yet, if tuition costs continue to rise at their current rate, most families will only have enough savings to cover 29% of college costs by freshman year. On...
PLUS Loans – How Ion Helps Parents and Grad Students
Direct PLUS loans are federal, unsubsidized student loans for graduate/professional students and parents of undergraduate students. Grad students and parents can apply for PLUS loans through FAFSA and can potentially receive enough financial assistance to cover the...