I’ve been wanting to develop a how-to on federal loans, but for now Strib’s Money blogger has a little post about the FAFSA form and financial aid.
Notice the part about income-based repayment, which supposedly sets the amount owed each month to a person’s income. Also notice that starting this month, students are dealing directly with the feds — not private lenders.
The blog also suggests paying off the interest on a loan while still in college.
About the blogger
Alex Friedrich reports on higher education issues for MPR News. Among the stories he has covered: the fall of the Berlin Wall, aftermath of Hurricane Katrina, collapse of the I-35W bridge in Minneapolis, 2003 Moscow suicide bombing and 2004 presidential elections in the Republic of Georgia. He holds a bachelor’s degree in journalism from the University of Georgia and a master’s in European political economy from the London School of Economics.