12/1: iPod Nano Giveaway Day, new FAFSA, equity, scholarship update, audio feedback, Shawn Cole, Matthew Ebel, Allison Crowe, #128

05/12/2005

Listen "12/1: iPod Nano Giveaway Day, new FAFSA, equity, scholarship update, audio feedback, Shawn Cole, Matthew Ebel, Allison Crowe, #128"

Episode Synopsis

Today's the big day! The iPod Nano drawing.

Student Financial Aid News
+ New FAFSA has arrived
+ Blue for students, purple for parents
+ Bad references to IRS 1040 fixed!
+ Online version at FAFSAonline.com
+ 5% of education finance is home equity fueled? CBA says so!
+ 5% of $129 billion = $6.45 billion
+ At 5% interest that's $2.73 billion in interest paid over 15 years
+ HELOC 15 year rate is now 6%, making interest paid $3.35 billion
+ Equity financing for education a poor idea if you don't have fixed rates
+ Refinance? Student Loan Network Mortgage Info

Scholarship Update
+ Jack Kent Cooke Graduate Student Scholarship
+ $50K/year for six years
+ Detailed page at Student Scholarship Search Web Site

Mail Bag
+ Audio feedback and questions from Bryan Person
+ How interest rates are calculated for loans
+ Student loans are based on simple amortization, not ADB
+ Consolidated loans are fixed rate - easy to calculate
+ Student Loan Consolidation Calculator
+ Consolidation after school? Yes!
+ From AroundTownSports.com

iPod Nano Giveaway
+ The winners are announced today!
+ You have until December 8, 2005 to claim your prizes!

Podsafe Music
+ Shawn Cole, Stand
+ Matthew Ebel, Wasting My Time
+ Allison Crowe, Midnight
+ Via the Podsafe Music Network

Financial Aid Podcast Show Notes at FinancialAidPodcast.com. The Financial Aid Podcast is a publication of the Student Loan Network.

Questions? Comments? Suggestions? Email me at financialaidpodcast {at} gmail {dot} com or visit http://www.FinancialAidPodcast.com

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