4 Must-Know Facts About Obama’s New Student Loan Plan [EXCERPT]

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This week, we lost another bill aimed at reforming student loan policy, as the “Bank on Students Emergency Loan Refinancing Act” introduced by Sen. Elizabeth Warren (D-Mass.) didn’t get enough votes in the Senate to move forward.

The failure of this bill led to a lot of posturing from both sides of the aisle. But that rhetoric has yet to lead to what struggling student loan borrowers need most: actual help right now. Fortunately, relief may be on its way for some borrowers—courtesy of an executive action signed by President Obama. …

How To Deal With All Your College Graduation Feelings

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A couple weeks ago, I walked across a stage, shook hands with a bunch of people in funny outfits, and received my diploma from Tufts University.

I felt nothing during the entire ceremony. No tears, no laughs, no gushing excitement or sickening nervousness. It felt like somebody put me on autopilot for the entire thing. Then, 6 hours later, alone in my empty apartment room, I bawled my eyes out.…

5 Signs You Should Pass On A Job Opportunity

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Consider this situation: You’ve been through three rounds of interviews for a company, and they seem solid with awesome growth potential.

The hiring manager finally calls you, but instead of the full-time job offer you hoped for, they ask you to join them as an assignment contractor, unpaid intern, or part-time employee—with no benefits.

You’re irked and realize you may have missed some red flags along the way. How do you identify these during the interview process, and more importantly, how do you politely bow out when you spot them?…

The Student Loan Relief Bill That You Should Know About

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As part of the democrats’ new “Fair Shot” agenda, Senator Elizabeth Warren (D-Mass.) reintroduced legislation last month aimed at easing the burden of student loan repayment.

This bill will reportedly come up for a vote soon, perhaps as early as this week. In advance of that, let’s talk about one of its features that could help for just about every type of borrower: the ability to refinance private and federal student loans at the current low interest rates.…

Upcoming College Scholarship Deadlines: July 2014

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As I put together this list of scholarships, I realized that video is becoming more and more popular in the scholarship world—a few of this month’s options are video contests or allow students to submit a video essay.

For students who are not the best writers (or those of you who have writing anxiety), a video essay could be a great alternative. You might find it easier to record your thoughts via video than writing a cohesive essay. Something to think about as you browse some July scholarships options!…

The Dos And Don’ts Of Spending Your First Paycheck

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It’s not often that the SALT™ Blog advocates spending a little money. We generally preach about keeping the pockets tight.

But we aren’t monsters!

We know how exciting the rush of getting your first paycheck can be; I recently discovered this joy after landing my first full-time post-college job. Of course, I also discovered how easy it can be to go overboard with spending.…

The Graceful Way To Handle Your Student Loan Grace Period

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Congratulations, class of 2014! Graduation came a lot faster than you expected, right?

I’m sure it already feels like the clock is ticking on a few things, like finding a job or getting your own apartment. However, don’t forget one more: If you took out federal student loans, your grace period has begun too.

Loans may not seem like a priority right now if your payments haven’t started. But, just like graduation, they’ll be here before you know it. Prepare accordingly by handling your grace period, well, gracefully. Here’s how.…