SR Education Group Blog

Posts Related to Financial Aid

 
How to pay off student loans (without actually paying them)
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If you’re a recent graduate, it’s possible that the initial bliss felt in the moment of walking across that stage has started to fade as you’re beginning to think more seriously about paying off your student loans. The average Class of 2016 grad is carrying $37,172 in student debt, according to an analysis by higher education and financial aid expert, Mark Kantrowitz. With this number at an all time high, how are young people supposed to manage moving out, searching for a job, and repaying their loans? Besides working overtime and carefully budgeting for those monthly payments, there are several programs that exist to help get your student loans paid off, without you actually paying for them.

June 10, 2016

August 2015 Scholarship Winners Announced
Sr cc scholarship

Our scholarship committee is pleased to announce that we have selected two $2,500 scholarship winners in the month of August! The Community College Scholarship is being awarded to Crystal Storhaug of Kilian Community College. The second $2,500 scholarship went to Tyler Vitiello of Montclair State University, whose unique story of overcoming a neck injury and learning to walk again captivated all of us here at SR Education Group.

August 26, 2015

SR Education Group Awards First Ever GradReports Loan Repayment Grant
Contest photo

SR Education Group is proud to announce the winner of its inaugural GradReports Loan Repayment Grant: Madelyn Cooper of Grand Rapids Community College. Madelyn became the first recipient of the $2,000 grant, which SR Education Group started in order to combat the student debt crisis. The winner was selected at random from a group of applicants that submitted reviews on GradReports.com, which is the leading website for quality, college reviews.

November 18, 2014

The Myth of the $10,000 Degree
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If you follow education policy at all, you have likely heard a significant amount of talk about the "$10,000 degree," a bachelor's program that would only cost a student $10,000. Not $10,000 a semester or per year, but an entire bachelor's degree for just $10,000.

The idea of a degree with a price tag one-fifth the cost of the average public, in-state college degree likely sounds appealing. After all, tuition for public universities is rising about 8 percent each year, according to a recent study by the State Higher Education Executive Officers Association. Earning a college education is more expensive than ever, while financial aid continues to shrink. But as the saying goes, "if it sounds too good to be true, it probably is," and the $10,000 degree is no exception.

May 2, 2013

Truth in Lending in Higher Education
Financial aid shopping sheet sm

Student loan debt is over $1 trillion in the United States and is now the second leading source of household debt, recently surpassing credit card debt. The Department of Education and the Consumer Financial Protection Bureau worked together this summer to try to address the ever-pressing problem of student debt. They released a Financial Aid Shopping Sheet that they hope colleges and universities will adopt.

The study and the resulting Shopping Sheet aim to help students “know before they owe.” The underlying problem is that students and parents commit to schools without understanding exactly how much they will be given, paying, and borrowing. College and universities present their financial aid letters in whatever form they please, often using inconsistent terms, making it nearly impossible to compare different financial letters side-by-side. The Financial Aid Shopping Sheet is a great way to solve that issue by standardizing the way the information is presented.

January 24, 2013

I’ll Trade You 60K for 10% of Your Future Income … Plus a Bag of Funyuns.
Graduation money

Seems unreasonable, right? Not so. As college graduates continue to cripple under a trillion dollars' worth of debt, a new form of funding is slowly coming to the forefront. Following in the steps of Kiva.org and Kickstarter.com, the world of education is pushing to finance college tuition via person-to-person social investing.

The level of student debt has grown by 56 percent since the end of 2007, and averages $23,300 per borrower, with 10 percent owing more than $54,000 and 3 percent owing more than $100,000. The real trouble with this type of debt, aside from the fact that it can't be discharged, is that the federal government does very little to ensure the likelihood of repayment.

December 19, 2012

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