Student Finance 101 Blogs

  • Readers Respond: How Student Loan Scams Work


    Last year, we called out to Canadians stung by the so-called Student Loan Benefits mailer.

    We couldn't find out what the pitch was to Canadians, not even by checking directly. The company allegedly sending the mailers was wary of phone calls from those who lacked the ID numbers sent out in their mailers.

  • How to Find Help Paying Student Loans

     We call Student Finance 101 a 'help-site' because it blends resources and info in one place to help you get out of student debt.

    But really, it's a 'help yourself' site. Most people use it that way, but sometimes we get questions. And the #1 question is "Can I get help paying my student loans?"

    And what they usually mean by 'help' is government aid, such as loan forgiveness. (Which by the way, usually doesn't forgive your whole loan, but that's another story).  

  • Coming for real -- a better design!

    June Update:

    Ok, this is getting kind of funny, though not funny ha ha. The website IS being re-designed, but we're doing it ourselves.

    Thanks to Zach for his consult and graphics work, which will help us along.

    Yes, it really is gonna happen...


    April Update:

    The new website is coming along nicely.

    Things got slowed down this winter due to technical issues, such as design and code work sadly being lost. Yes, this is why it pays to back stuff up...

  • Scam Warning: "Student Loan Benefits" = Sales Pitch





    We've all heard that line, "Be afraid. Be very afraid."

    Well, in times of crazy debt loads, you should add something else to that list. Be very suspicious!

    Here's an example. I keep getting 'robot' phone messages insisting that I call X phone number right away because "you're in trouble with your credit cards."

  • The Price is Wrong: Part 2


    In the last post, I gave up my neutrality and urged Canadian students to just say NO to today's fixed-rate student loans.

    Most governments are over-charging to the point where these loans will almost certainly cost you thousands of dollars more than variable (floating-rate) loans.

    Fixed-rate student loans normally cost a bit extra because you're getting the security of locking in today's student loan interest rate, so it won’t go up in future.

  • The Price is Wrong

    Canada Cleans Up On Fixed-Rate Student Loans

     They only talk about the 'cheap' student loans.

    When media and government discuss student loans, they usually talk as if there’s only one type. The one with the lowest price-tag – that’s what gets covered.

    Not the more expensive ones, even though that’s what many Canadian students are stuck with.

    Right now, what’s cheapest is the ‘variable’ (floating) student loan. And you don’t hear much about fixed-rate student loans.