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FAQ: Understanding student loans - Detroit NewsA: It's a nationwide problem fueled mostly by the problems of the mortgage market. Simply put: "The economy," said Cynthia Van Pelt, interim director of financial aid at Eastern Michigan University. "The banks couldn't come up with the capital to ...
Private lenders less likely to give student loans, but others offer ... - Dallas Morning NewsIt's crunch time for families seeking college financial aid as bills for the fall semester's tuition and room and board come due. But the ongoing credit crunch has caused some lenders to stop making student loans and to raise lending standards ...
Private lenders less likely to give student loans, but others do - Dallas Morning NewsIt's crunch time for families seeking college financial aid as bills for the fall semester's tuition and room and board come due. But the ongoing credit crunch has caused some lenders to stop making student loans and to raise lending standards ...
Collegians enrolled in loans 101 ahead of fall - Atlantic City PressAshley Pero was thrilled to transfer from Fairleigh Dickinson University to Richard Stockton College. Not only does she like it more, but the state college is a lot less expensive. "My family makes too much for grants," she said. "I've got a Stafford ...
Home Value Highwire - WTOP RadioBURTONSVILLE, Md. - You can save tens of thousands of dollars by buying a foreclosed home. But that doesn't mean the experience will be easy. Mike Parris bought a foreclosed home in Burtonsville for what he calls "a bargain price." "The condo that we ...
How to Find the Best Loan Deals - US News and World ReportStick with the federal educational loan programs —Perkins and Stafford for students and PLUS for parents, says Stuart Siegel, a private counselor in Erie, Pa. While the federal loans have fixed rates ranging from 5 to 8.5 percent, private or ...
What They Do When You Ask for More - US News and World ReportA faltering economy, rising tuition, and a growing militancy by parents are combining to turn 2008 into a banner year for appeals for more financial aid. Shocked by the average $5,300 gap between what the government estimates they can afford to pay ...
Accidentally Into the Loan Wars - Inside Higher EdAs controversy has swirled around the student loan programs in recent months, there has been much debate — and often confusion — about what colleges must do to ensure that students and their families are getting the fairest and best possible deal ...
On the Offensive - Inside Higher EdDepartment officials seem clearly stung by the criticism that college leaders and others have leveled at the proposal contained in the 2008 budget plan President Bush released this week, which calls for increasing the maximum Pell Grant to $4,600 ...
Home On The Range - Hartford CourantThe second Travelers Championship will be in the same time frame, but it will have a different look this year at the TPC River Highlands in Cromwell. n The most notable change will be a $5 million, state-of-the-art practice range to the north of the ...

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Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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