"Student leaders don't get caught in the student loan trap!" 

The Stafford Loan is NOT a low-cost loan.  Accepting one of those easy to get Stafford Loans can be your worst nightmare.   Most Stafford Loans have a 3% to 4% origination fee deducted from your loan funds just for the privilege of borrowing, plus finances charges!

Students continuing through graduate school may borrow up to $138,500.  Pharmacy, medical or Vet students can rack up as much as $189,125 in student loan debt.

Most students and parents ask, "Why?  Why did tuition suddenly soar in the early 1990’s and still continue to increase in 2008?"  The answer is simple:  Uncle Sam.  You'll find this and much more in the pages of The College Trap.

UPDATE:   The Feds are cutting the interest rate on subsidized Stafford Loans to 6% in 2009 and down to 3.4% by 2011. However, there is still the huge origination fee for the privilege of borrowing the funds. 

Starting in 2009, students who have not repaid 100% of their student loans after 240 payments will have the balance of their expensive student loans forgiven.  That sounds good, but......

                      That's 20 YEARS of Payments Every Month!

                Remember, it's your financial future that's at stake!

UPDATE:  The figures in the example below are based on unsubsidized" Stafford Loans, which means you either have to pay interest once a quarter or allow it to accrue and be added to your student loan when you graduate!