FAP433: 2006 Year In Review - Top Stories on the Financial Aid Podcast

A special episode of the Financial Aid Podcast talking about the top stories of 2006.

10. Housing bubble burst

9. Democratic election of Congress
+ Explosion of private student loans

8. Graduate PLUS loan program created

7. MyRichUncle came out swinging against traditional FFELP practices

6. No more credit cards to pay tuition

5. Federal reserve levels off rates after 2 1/2 years of interest rate increases

4. Investigation of Sallie Mae and other major lenders

3. Explosion of scams regarding scholarships, loans, etc.

2. Identity theft rockets upward

1. Major program changes
+ End of the two step student loan consolidation
+ End of single lender rule
+ Stafford and PLUS loans become fixed rate loans
+ July 1 rate increase
+ Elimination of reconsolidation and spousal consolidation

Predictions for 2007
+ Tuition will go up
+ Loan and grant aid won't
+ Private student loans
+ Private student loan consolidation
+ Housing bubble causes more widespread economic effects

Reminders
+ Private student loans available at any time - visit AlternativeStudentLoan.com
+ Stafford federal student loans at StaffordLoan.com
+ Student loan consolidation at StudentLoanConsolidator.com
+ FAFSA form online filing at FAFSAonline.com
+ 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, visit http://www.FinancialAidPodcast.com, or call 877-328-1565 x529 or 206-350-1208. AIM: FinAidPodcast Add me to your iTunes by visiting http://www.FinancialAidPodcast.com/itunes/

Direct MP3 file download: MP3 file

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