Sallie Mae has announced a new student loan scheme that will lower total interest payments for students. The new flat-rate in-school payment plan, called Smart Option Student Loan, calls for borrowers to pay at least $25 per month even while they are in school if the students opt for the partial interest payment option. Typically, [...]

Student loans will now be cheaper and easier to obtain because of new federal rule changes that come into force on July 1. The federal government will now make student loans directly to students and their parents, instead of going through intermediary banks. For those needy students who qualify for Stafford student loans, they will [...]