Student Loans: 5 Ways to Empower Yourself Without Help From Congress

Fusion's Emily DeRuy shares 5 tips to empower yourself, while Congress waffles on student loans.
1:26 | 07/12/13

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Transcript for Student Loans: 5 Ways to Empower Yourself Without Help From Congress
On July 1 the interest rates on subsidized Stafford loans doubled to six point 8% this week the senate hold a vote to lower rates but it failed. Focus and all lost -- -- five ways to empower yourself. First still sell -- your facts of -- -- -- eligible for federal aid. Interest rates may have gone up interest rates on private land still tend to be -- negotiate. If the school you're dying to attend doesn't give you the money you want ask for more your financial aid package isn't always set in -- Don't rule out private schools some private schools like Stanford and Yale waive tuition for students that come from low to middle income families. Apply for as many scholarships as possible. Local and state scholarships have a smaller pool of applicants. There are also scholarships for people with disabilities and minority backgrounds. It might feeling comfortable to plant your differences ecologists want diversity and that's where the money list. Seek alternative loans one option is peer to peer lending and loan companies help you -- from family and friends can make money by charging a small percentage of the total. In return they formalize the -- -- process. -- -- the awkwardness of borrowing money from a distant relative or friend you should be careful that there's still a fee and repayment options can be inflexible. -- -- -- -- -- --

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