paying for college

President Obama stressed that “there are few things as fundamental and necessary to American success than higher education. The best job qualification you can have is a college degree or advanced training.” However, college tuition has grown ten times faster than typical family incomes. While President Obama challenged colleges to lower tuition costs, he’s also made sweeping proposals of reform.

Starting in July, the interest rates on these education loans will drop to a historic low — which will save you thousands of dollars in interest over the life of your loan.

The yearly phenomenon known within the financial aid community as the “summer melt” is working in students’ favor — this year more than ever — offering the opportunity for extra financial aid that previously didn’t exist. And if you’re one of the few students who know the secret, you can get more cash than ever before.