Extended Stay Hotels Exits Chapter 11 with Strengthened Balance Sheet and Renewed Outlook for the Future
SPARTANBURG, S.C. (Profitable.com) Extended Stay Inc. (the "Company") announced today…
NEWARK, Del. (Profitable.com) Three million students—next fall’s college freshmen—anxiously awaiting the results of their college financial aid applications will soon have their answers as award letters arrive in mailboxes around the country. Two-thirds of undergraduates receive some financial aid each year, with awards to full-timers averaging $12,740. As families evaluate their financial aid awards, Sallie Mae, the nation’s No. 1 financial services company specializing in education, offers tips and tools to help meet the decision deadline most colleges set for early May.
“The investment in college education is among the most significant financial decisions in a family’s lifetime,” says Joe DePaulo, executive vice president, Sallie Mae. “Regardless of how much of the tab they plan to pick up, parents should consider all of their options before making a decision.”
April is Financial Literacy Month—a perfect time for families to take stock of their education and money goals. If your financial aid, such as grants, scholarships, work-study and federal loans, comes up short, it’s time to have a family conversation about how to make up the difference. Sallie Mae recommends families explore these tips for filling the gap:
Sallie Mae advises that families build a customized plan to pay for their degree, and its Education Investment Planner is a free, innovative resource available to help. By plugging in information from financial aid award letters, families can use the Planner to quickly build their own plan and compare different colleges. Students can explore federal or private student loans, estimate monthly loan payments and project the starting salary needed after graduation to keep payments manageable. Education Investment Planner is easy to use and available to anyone online at www.SallieMae.com/invest.
Sallie Mae (NYSE: SLM) is the nation’s No. 1 financial services company specializing in education. Serving 23 million customers, Sallie Mae offers innovative savings tools, tuition payment plans and education loans that promote responsible financial habits and reward success. The company manages or services $235 billion in education loans and administers $35 billion in 529 college savings plans. Members of its Upromise college savings rewards program have earned $600 million to help pay for college. Sallie Mae is also one of the leading financial service providers for universities and governments at all levels. More information is available at www.SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.