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Despite federal legislation passed in May that was designed to help the struggling student loan industry, cash-strapped lenders continue to drop out of the student loan business, leaving families throughout the country scrambling to find a new student loan provider as 6.7 million undergraduates prepare to head back to school.
Billions of dollars are available to help pay for college and a lot of this money is easier to grab than you might think.
(ARA) - Is your son or daughter one of the 18 million students heading for college this fall? If so, you're probably still recovering from the shock of seeing the tuition bill.
Stafford loans given to students by the federal government total about $46.8 million a year. For subsidized loans for students who can demonstrate financial need, the government pays interest while the student is in school and for six months after graduation.
