Mark Kantrowitz

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Last quote by Mark Kantrowitz

The rates are going up because the Federal Reserve has started raising interest rates at a regular pace and we can expect that they'll continue to go up. I wouldn't be surprised if we see an increase in the federal student loan interest rates each of the next few years of between half and three-quarters of a percentage point. Every dollar you save is a dollar less you'll need to borrow. And every dollar you borrow will cost about two dollars by the time you repay the debt. So it's literally cheaper to save than to borrow.feedback
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May 30 2017
Find all of Mark Kantrowitz’s quotes that have been published in 24 different articles on this page. Mark Kantrowitz’s quotes are organized by date and topic, making it easy for you to compare, for example, what Mark Kantrowitz has said both recently, and in the past, on a variety of topics. Some of the topics Mark Kantrowitz likes to comment on include college and money. Most recently, Mark Kantrowitz said, “These colleges justify their costs by saying that you will get a more personal education, but will increasingly start to fail.”.
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Mark Kantrowitz quotes

Apr 04 2017

It is inaccurate to suggest that the federal government has managed the Direct Loan program any better or any worse than the FFEL lenders did. The percentage of Direct Loan dollars in default is similar to what it was under the FFEL program prior to 2010. Growth in loan volume is largely due to growth in college costs and anemic increases in the federal Pell grants. Although milestones like a trillion dollars in student loan debt are impressive, what matters more is the impact on individual borrowers. We do not currently have a student debt problem so much as a college completion problem.feedback

Mar 30 2017

Financial aid for graduate school is mostly going to be in the form of loans. You can end up with too much debt.feedback

Mar 30 2017

To the extent that you're borrowing to fund your education, there's the presumption that you're going to be making enough to pay it back. What is the payback period for the debt?feedback

Mar 14 2017

We don't have a student loan problem, we have a college completion problem. Students who drop out of college are four times more likely to default on their loans.feedback

Mar 09 2017

A single physics or calculus textbook can cost you as much as $250.feedback

Mar 09 2017

I would encourage families to use the luxury of the extra time. You have the time to make a more informed decision. You may think you have a free ride from this college, when in reality you have a ridiculous amount of loans. It's not because of your strong negotiating skills. Colleges really aren't car dealerships, where bluff and bluster can get you a better deal.feedback

Feb 10 2017

Live like a student when you're in school so you don't have to live like a student after you graduate.feedback

Feb 10 2017

Loan limits, even in rules of thumb like this, should not be targets. Borrow as little as you need, not as much as you can.feedback

Jan 25 2017

You get in, you get a great offer, it gives you more time to slack off. Offers of admission are conditional - they are dependent on final grades. If you have a serious slump, the school could rescind the offer.feedback

Jan 25 2017

It is a real consideration for some. They arrive on campus and form a first impression. More time will allow them to make a more deliberative, informed impression.feedback

Dec 16 2016

You'd want to be cautious about artificially inflating your income.feedback

Dec 16 2016

It's a holistic review. If you just lost your job but you also won the Mega Millions jackpot, then the college will take both factors into account.feedback

Dec 16 2016

What you would do is write a letter to the college detailing the unusual circumstances. [Tell them] it's a one-time event, that's not reflective of the family's ability to pay.feedback

Nov 10 2016

This could be implemented entirely through the regulatory process.feedback

Sep 26 2016

The country is getting a bargain with public service loan forgiveness. As a society, it is a lot cheaper to provide loan forgiveness for people who want to pursue public service than pay them higher salaries.feedback

Sep 11 2016

It replaces student loan debt with tax debt.feedback

Aug 29 2016

To my knowledge, this is the first program that matches the use of college savings to pay for college.feedback

Aug 04 2016

It's one thing [to take out the money] if the child didn't go to college and is never going to go to college, or if they went to college and there's money left over.feedback

Aug 04 2016

Your greatest asset is time. So if you take out the money early on, and you're telling yourself you're going to put the money back in, you've reduced the amount of time for the money to compound.feedback

Jul 24 2016

It's very easy to forget you have student loans with the grace period. It can sneak up on you.feedback

Jul 24 2016

With automatic payments, most borrowers quickly adjust their spending and avoid missing payments.feedback

Jul 15 2016

The most effective crowdfunding is to ask friends and family.feedback

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