4/26: No reauthorization, UNH, foreclosures, graduate loan forgiveness programs, how to nail a phone interview, Tom Wehrle, #237
Student Financial Aid News
+ No reauthorization soon, says Bill Frist
+ ED Secretary questioning SAT scores
+ UNH reports in. UNH students who took out federal loans graduated owing an average of $22,851 last year, 60 percent more than in 1995.
+ The rapid increase in private loans is largely a result of a scarcity of federal loans, said Suzy Allen, UNH director of financial aid.
+ Rising costs have steadily pushed tuition at UNH up 7.8 percent for residents and 6.8 percent for non-residents in each of the last five years, but federal loans and grants for higher education haven’t kept pace.
+ New Hampshire residents can expect to pay more than $70,000 for a four-year education at UNH.
+ Non-residents will pay much more, putting down more than $120,000 for a four-year degree.
+ The question is - what’s going to give? The system of piling on debt to match exploding tuition costs can’t be sustainable. Something has to give - what will it be?
+ In the meantime, if you’re graduating from UNH and need some student loan help, your neighbors to the south can help - StudentLoanConsolidator.com or 877-328-1565
+ The Louisiana House or Representatives approved on Monday a plan that will refund to students or their parents a 1% fee on federally backed student loans.
+ The number of mortgages entering foreclosure during the first quarter was 72% higher than the same period last year, according to a report published by RealtyTrac Inc., a firm that tracks and markets foreclosed homes.
+ The spike in foreclosures is mainly due to rising interest rates, according to the report, especially among borrowers with adjustable-rate mortgages.
+ The higher interest rates are making monthly payments payments too steep for many homeowners.
+ Banks typically start the foreclosure process when borrowers are 90 days past due on their payments.
+ Does anyone else feel the rumbling under your feet as the underpinnings of the housing equity-based economy start to weaken? I do, and it’s more than a little scary.
Scholarship Update
+ Jim Intriglia writes in to ask about opportunities for graduate students to get loan forgiveness
+ Keyword phrases update
+ If you haven’t gotten our free e-Book, Scholarship Search Secrets, subscribe to the podcast today and you’ll get it
Jobcast
+ How to nail the phone interview/phone screen
+ Dual goals - the manager wants to find out whether it’s worth bringing you in and your goal is to get in
+ Phone screen tips are a lot like podcasting tips
+ Posture, smile, show notes, drinks, enunciation, etiquette
+ Interview killers: interrupting, long winded answers, no FU, overly casual, background noise
+ Ask for the sale
+ Practice!
Podsafe Music
+ Tom Wehrle, Far Away
+ Music via the Podsafe Music Network
+ Stop by our MySpace page!
Reminders
+ Consolidate your student loans at StudentLoanConsolidator.com
+ Student loans available at any time - visit AlternativeStudentLoan.com
+ Need financial aid help? Call us at 877-328-1565!
+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ The Financial Aid Podcast is a publication of the Student Loan Network.
Questions? Comments? Suggestions? Email me at financialaidpodcast {at} gmail {dot} com or visit http://www.FinancialAidPodcast.com
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