What’s Going On With Sallie Mae And The Servicemembers Civil Relief Act?

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Last week, the Department of Justice found Sallie Mae in violation of the Servicemembers Civil Relief Act (SCRA), ordering them to pay $96.6 million in restitution and penalties for unfair and deceptive practices while servicing private student loans. Sallie Mae admits no wrongdoing.

$60 million of that money is to compensate an estimated 60,000 borrowers whose SCRA benefits Sallie Mae may have improperly denied. So, what is SCRA, who does it affect, and why is violating it such a big deal?…

3 Graduation Expenses You Should Have Been Prepared For

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Right now, it seems that everyone you know—and maybe you!—are graduating from college. My school only has a ceremony during the spring, so though I finished my studies in January, I’ll be “graduating” this week!

Graduation is a great time to celebrate your hard work and accomplishments. However, things get expensive. Some of those expenses may surprise you, but the ones below likely won’t—and you should definitely be prepared for them. Here are some tips to help you do just that. …

How To Answer 6 Tough Job Interview Questions, Part Two

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We recently posted How To Answer These 6 Tough Job Interview Questions, and many of you asked for specific examples for your reference. We are delivering!

Below, you’ll find some scripts and templates you can use when answering these tough job interview questions. Naturally, your response should vary based on your experience and the job. However, these should point you in the right direction.…

4 Tips For Packing Luggage For A Summer Trip

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Two summers ago, I went on a 7-week Euro trip. I spent lots of time meticulously prepping for my adventure, as I was determined to pack efficiently on a small budget while still being fashionable.

However, this was my first big trip, and as I traveled, I realized I had gone wrong in more ways than one. I’m now getting ready to travel again for several months, and this time, I’ve learned from my costlier mistakes. If you’re planning a big trip, you can benefit from these four lessons too.…

5 Things To Avoid When Writing A Financial Aid Appeal Letter

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This post is mainly for students who have had their financial aid suspended for unsatisfactory academic performance or other status-changing circumstances (such as being the subject of disciplinary action).

However, those of you who are writing appeal letters to negotiate for more financial aid might find this useful as well. Here are five things you’ll want to avoid in writing your financial aid appeal letter.…

The Financial Aid Appeal Letter

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If you’re watching this video, then chances are you’re in a situation where your financial aid award has been suspended.

Any financial aid you receive will have strings attached, and if you don’t play by the rules, your financial aid can be suspended. If you don’t know what those rules are, you’d better find out ASAP to prevent this from happening.…

What To Do When You Miss Out On Your Dream Job

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After my exhausting and stressful internship hunt, I finally found the right one: a 12-month full-time role at a tech company that used both my bachelor’s degree in chemistry and my MBA.

After two rounds of interviews, the company narrowed their selection down to me and one other candidate. Going into the last interview for this dream internship, I felt confident. In fact, I felt so confident that I turned down an offer from another firm.

You can imagine my disappointment when I lost the position to the other candidate.…

Why Federal Student Loans Don’t Have Lower Interest Rates

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Helping people understand student loans is our job at SALT™, and few are better at it than Betsy Mayotte—the director of regulatory compliance for American Student Assistance®(our parent company). We told borrowers to “Just Ask” her questions, so check out her answers below (as well as her cat—because if Piglet can’t make student loans better, what can?).…

3 Graduation Expenses You DIDN’T Expect

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May is here, which means every college senior has officially begun to cling to their last few glory days. They also may or may not have already begun referring to their collegiate years as “glory days.”

With graduation around the corner, I’m a bundle of emotions, including, but not limited to, happy, depressed, excited, nervous, nostalgic, and xenophobic.

Oh, I’m also really, really poor. (Not an emotion, but definitely a cause for some of them.)…