Next Weeks Podcast Features Monica Matthews @AidScholarship

Just finished a great interview for parents and students about the Team Building Method that will be on next weeks podcast from Monica Matthews @AidScholarship on twitter, and at How2winscholarships.com.Have a great weekend!

@AidScholarships

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How to Gain Additional Financial Aid: Podcast Episode #1

The College Money Man

Today I am releasing the first of my new podcast series to help educate parents and students on all facets of College Financial Aid and Scholarships. This episode we cover, the unusual scholarship of the week, answering listener questions on how to find financial aid if unemployed, and what to do if your financial aid award letter doesn’t reflect your changing circumstances.

Feel free to check it out here and subscribe on iTunes at the College Money Man Blog!

Thanks for listening: Be sure to Like, Subscribe, and Follow me on Twitter, Facebook and YouTube.

Download The Episode: Ep01 April 26 2012

How to Gain Additional Financial Aid: Podcast Episode #1

The College Money Man

Today I am releasing the first of my new podcast series to help educate parents and students on all facets of College Financial Aid and Scholarships. This episode we cover, the unusual scholarship of the week, answering listener questions on how to find financial aid if unemployed, and what to do if your financial aid award letter doesn’t reflect your changing circumstances.

Feel free to check it out here and subscribe on iTunes at the College Money Man Blog!

Thanks for listening: Be sure to Like, Subscribe, and Follow me on Twitter, Facebook and YouTube.

Download The Episode: Ep01 April 26 2012

The Student Loan Interest Bomb is Coming! Consolidate While You Can

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Anyone who knows me knows how strongly I feel about student loans and debt: avoid it at all costs! But if you couldn’t its important to know whats about to happen to your loans if you don’t act now. With the average student loan debt at around $24,000, its important to manage that student loan debt. Even worse, a trillion dollar debt load is headed for a debt explosion that could be extemely taxing on our economy. Whats worse, the new student loan bomb is about to double to interest on student loans of anyone who hasn’t consolidated as of July 1st this year.

In 2007, a bill that curbed the rise of student loan interest helped keep the loan rates low was passed, that expires this year. The rate will jump from 3.4% to 6.8% in one day. So if you don’t act to consolidate your outstanding loans you cost of payback is going to significantly increase, along along with your average payment.

Here’s what consolidation offers:

1) Locks in your interest rate – consolidating your many loans will lock the rate at its current level for the duration of your payments. This allows new graduates time to plan for their payments and know they will remain at the same interest rate throughout their payout period,
2) Combines loans into one payment – oddly enough, most people don’t know what bank provided their loan. However, when you graduate those loans will come due at different days of the month with possibly different providers. Consolidating puts them all in one basket for good, and makes management easier.
3 Makes applying for an IBR or Graduated Repayment easier – lets face it, many students leave school with alot of debt, but without a large salary to cover the debt payments. Many turn to the Income Based Repayment or Graduated Repayment plans to lower costs on the front end. But rather than apply for these with each lender, consolidation will allow you to do it once and have one point of contact.

Look, no one likes student loans. But if you have them, you need to manage them ASAP before your costs jump through the roof. To get you started, check out NelNet and Sallie Maesee what plan is right for you and how you can save.

How to Get Help Paying On Your Student Loans if You Didn’t Graduate College: Let Uncle Sam Pay!

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With the average student loan debt at around $24,000, its important to manage that student loan debt. Even worse, a trillion dollar debt load is headed for a debt explosion that could be extemely taxing on our economy. Now this wouldn’t be so bad individually if you had finished school and were hired by a great company! But what happens if you couldn’t finish? Its a hard thing to admit, but research shows that 35% to 50% of students don’t finish school, yet have student debt loads. So what do you do if you have debt but havent finished? Well, Uncle Sam has a solution for you, if you have what it takes….more after the jump…

Continue reading How to Get Help Paying On Your Student Loans if You Didn’t Graduate College: Let Uncle Sam Pay!

Your Twitter Posts Could Be Hurting You: Tweets and Tumbles of The Week

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As always, social media never ceases to amaze me, and how people forget that privacy settings exist for a reason. Our digital trail can be long, so one should be careful where one blogs. Monica Matthews article on Reasons Students Need to Clean Up Their Online Presence is an excellent one everyone should read. But new evidence published by The National Scholarships Providers Association, now reveal that 25% of members now search social media for information on applicants and winners. And lets be frank, its not going to get any easier for applicants.

As i have mentioned before Twitter and Tumblrin general cracks me up. Every week, I now take time to curate the best and worst scholarship tweets by simply searching for the word “Scholarships“. While there are many tweets on general info, the funny ones pop up and its a lesson in bad social media management. This week I’m starting with a winner! more after the jump

Continue reading Your Twitter Posts Could Be Hurting You: Tweets and Tumbles of The Week

How to Find Financial Aid For Medical Careers: Scholarships for Doctor, Nurses, Physician Assistants, and Dentists


Several years ago I wrote an article on Financial aid for the medical community. As many know, the medical community is full of students that are in debt up to their eyeballs with student loans. But if you plan right, and stay on the hunt, you would be shocked how much aid you can accumulate. Its important to keep in mind the following:

more after the jump….. Continue reading How to Find Financial Aid For Medical Careers: Scholarships for Doctor, Nurses, Physician Assistants, and Dentists