Calgary, AB (PRWEB) March 27, 2007
According to the Project on Student Debt, there is an alarming increase in the number of students accumulating debt as a result of paying for higher education. WorldWideLearn.com, the world's premier online directory of education, helps address the problem with valuable financial aid information to help students avoid falling into the money trap and to ease the overwhelming strain of debt (http://www.worldwidelearn.com/financial-aid/index.html).
Debt levels of graduating seniors at public universities have more than doubled over the past decade, as noted by the Project on Student Debt (PSD). For the 62 percent of graduating seniors with debt, half have at least $15,000 in student loans, one-fourth have at least $22,000 and ten percent have $32,000 debt or more.
A report from The College Board showed that "the increase in average tuition and fees slowed for the third year in a row, but prices are still up 35 percent from 5 years ago, after adjusting for inflation." Almost two-thirds of fulltime students receive grant aid and millions benefit from federal tax credits and deductions for college tuition.
Recognizing that the right student financial aid debt advice and information is an important first step, WorldWideLearn.com reassures visitors, "Few students can afford to pay for school without educational financial aid, but there are so many kinds of educational financial aid that the world of financial aid can feel overwhelming" (http://www.worldwidelearn.com/financial-aid/index.html). WorldWideLearn.com offers a Scholarships, Student Loans and Financial Aid Resources section that is regularly updated to include any changes in federal financial aid rules and regulations.
Former professor Wendy Croix, Ph.D., who has advised hundreds of college students at every level of study, encourages students to make use of their schools' financial aid offices. "Colleges and training schools, both online and off, have staffs dedicated to helping students put together financial strategies to pay for their educations." Croix also recommends using online resources like WorldWideLearn.com that help students understand the economics of education.
WorldWideLearn.com is the world's premier online directory of education, featuring informative resources, more than 2,500 online courses, over 1,600 online degree programs, 200 online universities and 2,300 campus-based career college programs.