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4 Steps to Make the Most of Your Student Loans
San Mateo, CA (PRWEB) July 20, 2006 -- Now that this year's cap-tossing and graduation parties are in the memory banks, the reality of paying for that higher education is setting in -- but students still have options to choose the best way to handle college and graduate school debt.
"Most Americans with student loan debt saw a flood of news articles encouraging borrowers to consolidate their loans before government loans underwent their annual interest-rate increase on July 1," said Brad Stroh, chair of Bills.com, who noted that because of the rising U.S. interest rate environment and a government-mandated reset of rates on student loans, rates on federal student loan debt increased by a substantial 1.84 percent on July 1. "Now that student loan rates are no longer at the 3 percent interest rates they hit during the economy's slowest days, it pays even more to be savvy about borrowing for school or returning to school."
According to FinAid, two-thirds of college students borrow to pay for school, with an average loan debt of nearly $20,000.
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Porco testimony on inheritance
Christopher Porco's best friend from high school took the stand today and testified that Christopher knew where and what was in his parent's wills.
Two legal coordinators from loan companies explained to jurors the ins and outs of the money borrowing process Christopher Porco went through in the fall of 2004.
One was a 17 thousand dollar car loan and the second a 31 thousand dollars student loan.
Later testimony proved that someone forged Peter Porco's signature on the 31 thousand dollar loan application. And that Peter informed the bank by phone and by letter that he did not authorize that loan.
The company advised Peter to file an affidavit of forgery but Peter did not.
According to defense attorney Terry Kindlon the prosecution is attempting to "unload thousands and thousand of gallons of slime upon Christopher and they are doing a great job of it, but in this case there is never any proof that he killed anybody and there is never going to be any proof that he killed anybody."
Evidence introduced later in the day included e-mail between Peter Porco and his youngest son in the months prior to the attack. The e-mails showed a number of exchanges between the father and son regarding questions about certain financial transactions.