Tuesday, March 17, 2009

Student Loan Worries

The budget proposal from the White House eliminates the Federal Family Education Loan Program (FFELP). This program has been administered by local non-profit student loan company, South Carolina Student Loan. The potential of losing SC Student Loan hurts not only local access to student loans, but also the provider of a host of benefits to South Carolina residents including:


  • sponsor of the South Carolina Career and College Planning System , essential to students in exploring careers and colleges, completing inventories to help match student to potential careers, and finding financial aid and scholarships


  • Administering the SC Teacher Loan program


  • Providing scholarships to students in South Carolina


  • Providing loan entrance and exit counseling at no expense to families


  • Providing speakers to schools around the state about various career, college, and financial topics


  • Local loans and servicing of those loans for students and families in South Carolina



If you would like to continue local access to student loans, please contact your representative and send a note of concern. SC Student Loan has put together a template that you may use.

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2 comments:

  1. zextMarch 18, 2009 at 2:34 AM

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    ReplyDelete
  2. AnonymousMarch 23, 2009 at 8:47 PM

    Student Loan

    If you have more than one loan, then student loan consolidation is for you. Loan consolidation is the process of reducing your many loans from different lenders and issuing a single loan from a new provider. There are significant benefits in loan consolidation, resulting in lower monthly payments and much less paperwork.
    Student loan repayment options include standard repayment. Most student loan repayment periods are for ten or fewer years. The last repayment option is to pay a graduated amount during the repayment process, stepping up about every two years.
    When selecting a graduated repayment option you make your payments over an extended time period. This graduated payment schedule is good for those who need the lowest repayment amount early in their repayment schedule. Once a loan is consolidated, your interest rate is fixed. This is true except when using the graduated repayment option.
    This automatic process simplifies your payment and ensures that you never miss a payment. When you start to repay your school loans, consider student loan consolidation. Loan consolidation makes the repayment process easier to manage and provides flexibility.

    ReplyDelete

College Question? I'll try and find you an answer!

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