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Student Loans

Trends in College Pricing and Student Aid

The College Board’s annual Trends in College Pricing and Student Aid report was released recently. Among the headline findings: college tuition prices increased at extremely low rates for the second year in a row, reflecting both a combination of continued impacts of the pandemic and enrollment pressures from demographic trends. Average net prices, adjusted for inflation, are at the lowest…

FAFSA 2022-23 EFC Formula Guide

The FAFSA itself won’t be available until Oct. 1, but in the meantime you can download the EFC Formula Guide to see how the sausage gets made. If you are a parent of a high school senior who will be completing the FAFSA this fall for whom the cost of college is important, here is a suggestion for how to…

Borrowing Outside Federal Loan Programs

More than 90% of student loans are federal loans, and with good reason: the federal student loan programs are broadly accessible and have a range of borrower protections. However, some borrowers choose private student loans either to borrow or to refinance. A smaller share of families use non-education loans such as home equity lines or 401k loans to pay for…

Loans: Many Choices

Families who borrow for college have a lot of choices: federal or private student loans, personal loans, home equity loans, 401k loans… How do you decide? Let’s look at pros and cons of some of these, starting with the federal loan programs. Federal direct loans– whether student or parent loans– have a number of benefits: Fixed interest rates Income-driven repayment…

Student Loan Interest Rates for 2021-22

Now that the May Treasury auction has taken place, student loan interest rates for the 2021-2022 school year are set. This year’s yield on the 10-year treasury was 1.684%, up about 1% from a year ago. Since student loan interest rates are fixed markups from the May treasury yield, that means student loan interest rates will go up about 1%…

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