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Archive for March, 2013

As March madness builds, you’ll be hearing a lot more from Shaka Smart, coach of the VCU Rams men’s basketball team. Check out his advice about going to college at www.i-am-the-one.com.

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It’s no April Fool’s joke! Sallie Mae has announced that it’s lowering the top interest rate on its fixed rate student loans for graduate students effective April 1, 2013. According to news reports, the financial services company will offer a fixed rate on its Smart Option student loan for graduate students that ranges between 5.75 and 8.875 percent.  The top variable rate on the loan will fall to 7.5% from 10.125%. The lowest rate will remain at 2.25%.

This is great news for many graduate students, especially those who are expecting to receive acceptance and financial aid award letters from graduate schools in the coming weeks. But be cautious. Individuals in need of financial assistance should weigh all available financing options, rates, fees, and total costs before settling on a specific loan. Students should consider the field they plan to enter, as well as how much they will earn once they graduate.

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