The College Solutions Blog

Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.

Student Loans

College Loan Debt Just Passed Credit Card Debt!

Americans now owe more money on their college loans than they do on credit cards. I just read about that scary reality on The Wall Street Journal’s website. According to Mark Kantrowitz, the financial aid guru over at FinAid and Fastweb, Americans owe about $829.7 billion in student loans. In comparison, consumers owe $826.5 billion in revolving credit card debt....

Borrowing for College With a Home Equity Loan

We’re approaching the peak of the student loan season. Parents and students are struggling with the prospects of paying for all their college costs. The best loan for students is the federal Direct Stafford Loan. Earlier this month, I wrote a post that provides lots of links to my past advice on student loans, as well as education loans for...

A Cheat Sheet for Repaying Student Loans

If you have questions about repaying a student loan, Mark Kantrowitz, the financial aid wizard over at Fastweb, the scholarship search engine, has written a very handy guide on the topic. His student-loan repayment cheat sheet is hot off the press and full of invaluable information. Here are some of the topics that Repaying Student Loans Quick Reference Guide covers:...

What is the Best Student Loan? Here's the Answer

What is the best student loan? I got an email this weekend from a dad who was hoping to get the answer to that question. His son needed to borrow for the last year of college. That was an easy question to answer. The best education loan available is the federal Stafford loan. There are two types of Stafford loans: ...

Top 10 Best College Websites

What are the best college websites in the country? I tried to answer that question earlier this week when I wrote my first college blog post for US News & World Report. In the post, I nominated my own favorite college websites which can be invaluable for finding colleges, researching schools, pinpointing the generosity of individual colleges and learning about...

10 Great Ways to Cut College Costs

How do you cut the cost of college? Recently I shared 10 tips on the first session of #CollegeChat, which is a live monthly conversation for teens, college students and parents on Twitter. I pulled all the tips from my new eBook, Shrinking the Cost of College: 152 Ways to Cut the Price of a Bachelor’s Degree. Here are the...

Putting Your College Debt On Hold

I got an email this week from Sharon, a mom who is distraught about her son’s college debt. She was hoping that I had an idea about how he can tackle this debt when he is only working part-time. I did have a suggestion on how the young college grad can reduce his student debt burden. I thought it would...

Shrinking the Cost of College: Twitter Chat Tonight

If you’d like to learn more about shrinking the cost of college, I’ll be sharing advice on the first edition of #CollegeChat at 6 p.m. PST tonight on Twitter. Don’t worry if you don’t know how to find this one-hour college Twitter chat. You can find the instructions at the bottom of this post. During the live Twitter chat, I...

New York University: Tale of 2 Students

Today I’m going to use New York University as a punching bag. I’m going to use NYU to illustrate how too many well-meaning families muddle through the college process and end up looking for the most highly ranked colleges without considering the price. Some of these families end up like Cortney Munna, a 26-year-old woman, who is facing nearly $100,000...

Cushy Student Loan Repayment Plan: Will It Boost College Costs for Everyone Else?

Is a generous federal loan repayment program that Congress recently made even better going to increase the cost of college for everybody? It’s an interesting question that’s being posed by Daniel L. Bennett, who is a research and policy analyst at the Center for College Affordability and Productivity. In a Forbes article, Bennett argues that the federal student loan repayment...