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This is an exciting time of year in the life of a high school senior. Prom, graduation, finally settling on a college, and, of course, deciding how to pay for it.Many will need to depend on student loans. There are several important changes coming soon that new borrowers, returning student borrowers and those who are no longer in school should be aware of

MBA students can pile up debt – STLtoday.com

Joe Mihalic wasn’t thinking at all about how he was going to pay off student loans — which would end up totaling $101,000 — when he was accepted to Harvard Business School.

Cost of MBA teaches tough financial lesson – Chicago Tribune

May 18, 2012|Gail MarksJarvisJoe Mihalic wasn’t thinking at all about how he was going to pay off student loans — which would end up totaling $101,000 — when he was accepted to Harvard Business School.

Congress needs to protect student loans – The Herald | HeraldOnline.com

The following editorial appeared in the Miami Herald on Wednesday: Like many disputes in Congress, the standoff involving a hike in student loan rates is deeply partisan. Unlike some others, this one carries high stakes.

Crowdsourcing the Student Loan Mess – Huffington Post (blog)

For the record, I am not now, nor have I ever been, a member of the Hitler Youth.

Sixty-Three Percent of Sallie Mae Private Loan Customers Save Money by Making … – MarketWatch (press release)

NEWARK, Del., May 17, 2012 (BUSINESS WIRE) — A majority of Sallie Mae private education loan customers in college in academic year 2011-12 saved money by making payments while in school, said Sallie Mae, the nation’s No.

Chileans awaiting education reform face evictions, lifetimes of student loan … – Washington Post

SANTIAGO, Chile — Cristobal Steffens and his sister Natalie were the first in their family to go to college, and both emerged with good jobs. But they also joined the 500,000 Chileans who have had to take on sometimes-crushing debts. Their father put up the family home as collateral for student loans whose interest rates soared beyond what he could pay.

How to repay $120k in student loans – MSN Money

This post comes from Eric Bell at partner site Credit.com. In less than a month, I will graduate from my MBA program at Georgetown University with more than $120,000 in student loans at 7% interest. Six months after graduation, my grace period will end, and I will have to start repaying more than $1,000 per month.

Why are cheap student loans considered entitlements? – SILive.com

WASHINGTON – Bipartisanship, the supposed scarcity of which so distresses the high-minded, actually is disastrously prevalent.

As student loans grow, so does university leadership pay – Fortune (blog)

Congratulations! You’re in debt. FORTUNE – For all the flak Wall Street gets over excessive pay, it’s only fair to take a closer look at compensation at America’s universities. The topic deserves attention, as the rise in student debt forces colleges to confront soaring costs.