Finding Student Loan Help Via Researching Loan Counseling Practices
There's no arguing that getting student loan help will have to include changes in interest rates, the ability for borrowers to apply for loan consolidation, and more in depth loan counseling.
While obtaining financial aid in the pursuit of higher education may seem easy, understanding the concept of student loans, as well as how they work, is certainly not a piece of cake.
In fact, the deeper in a borrower gets, the more confusing it is to comprehend what kinds of loan are given, how interested is calculated and attached, and what options are out there when a person can't afford to pay back their loan(s).
In fact, the issue of student loan counseling has become a major focus for researchers at a major university.
An attempt is being made to better understand the effects of loan counseling when students are borrowing for college and how that can affect their ability to pay back.
Researchers are going to be conducting a 6-year study in collaboration with Devry University, a "for-profit" college who has an average of 10,000 online students.
The goal? To point to effective loan counseling practices in the future.
Researchers will provide basic, intermediate, and intensive levels of loan counseling via an online portal.
By doing so, they can track the borrowing practices of students as well as their academic progress.
The mindset here is that there are patterns of behavior associated with borrowing practices.
In this particular study, that will span the length of six years, there will be an emphasis on lower-income borrowers who may not have as much access to information about financial-industry practices.
The control group will be provided with the level of counseling that federal law requires while other students will receive more in depth counseling.
Looking at issues in loan counseling and borrowing that may prompt the government to change their lending policies, on second loans for example, is just one of the goals of the study.
There may be a correlation between students who have failed a course and want to borrow money to retake the class, and a greater possibility for defaulting on their loans.
Getting student loan help means looking at all the various factors in the process of a person borrowing for the sake of post-secondary education.
While the rates ofstudent consolidation loansare on the rise, there needs to be a more pro-active approach to helping perspective borrowers understand the process and ramifications of taking out loans through financial aid.
While the federal government is the source for all student loans that are not private, paying more attention to issues like awarding second loans can make a big difference in how students handle their loans.
This can also have an impact on colleges being eligible to participate in federal financial aid programs.
When default rates rise above certain thresholds they risk losing their eligibility which of course has a tremendous impact on their student enrollment.
While obtaining financial aid in the pursuit of higher education may seem easy, understanding the concept of student loans, as well as how they work, is certainly not a piece of cake.
In fact, the deeper in a borrower gets, the more confusing it is to comprehend what kinds of loan are given, how interested is calculated and attached, and what options are out there when a person can't afford to pay back their loan(s).
In fact, the issue of student loan counseling has become a major focus for researchers at a major university.
An attempt is being made to better understand the effects of loan counseling when students are borrowing for college and how that can affect their ability to pay back.
Researchers are going to be conducting a 6-year study in collaboration with Devry University, a "for-profit" college who has an average of 10,000 online students.
The goal? To point to effective loan counseling practices in the future.
Researchers will provide basic, intermediate, and intensive levels of loan counseling via an online portal.
By doing so, they can track the borrowing practices of students as well as their academic progress.
The mindset here is that there are patterns of behavior associated with borrowing practices.
In this particular study, that will span the length of six years, there will be an emphasis on lower-income borrowers who may not have as much access to information about financial-industry practices.
The control group will be provided with the level of counseling that federal law requires while other students will receive more in depth counseling.
Looking at issues in loan counseling and borrowing that may prompt the government to change their lending policies, on second loans for example, is just one of the goals of the study.
There may be a correlation between students who have failed a course and want to borrow money to retake the class, and a greater possibility for defaulting on their loans.
Getting student loan help means looking at all the various factors in the process of a person borrowing for the sake of post-secondary education.
While the rates ofstudent consolidation loansare on the rise, there needs to be a more pro-active approach to helping perspective borrowers understand the process and ramifications of taking out loans through financial aid.
While the federal government is the source for all student loans that are not private, paying more attention to issues like awarding second loans can make a big difference in how students handle their loans.
This can also have an impact on colleges being eligible to participate in federal financial aid programs.
When default rates rise above certain thresholds they risk losing their eligibility which of course has a tremendous impact on their student enrollment.
