🚨 Important Student Loan Updates!

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Subject: 🚨 Important Student Loan Updates!

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Lending an Ear

A weekly guide to financing college.

May 12, 2024

🚨 Federal Student Loan Interest Rates Have Increased

The interest rates for federal student loans for the academic year 2024-25 have seen a significant increase of over one percentage point. Read more here.

How to Have the "Money Talk" With Your Student

Most teenagers don't understand the impact that student loans will have on their financial future. To help, parents from our Paying for College 101 Facebook group shared ideas on how to get your student up to speed before they commit to borrowing. Read their advice!

The Importance of Recalculating Student Loans Each Semester

Student loan payments can sneak up on a student. Knowing how much they're borrowing every year and the monthly repayment amount that'll be due after graduation is critical to borrowing responsibly. Learn more here.

Enter

A Better Financial Future

No Essay Scholarship

for a Chance to Win $2,000

Our COMPARE COLLEGE OFFERS TOOL (CCO) has been collecting offers from this current admission season. We now have over 10,000 offers shared so far.

Now through May 31, 2024, you will be eligible to enter for a chance to win our scholarship when you share your student's college offers on CCO!

Enter Your Offers Now!

Our Private Lenders Suggestions

(Variable APRs as of 5/10/2024)

Note: We recommend you borrow federal student loans first. Once you've exhausted your federal loan eligibility, carefully compare your options from private lenders.

➡️ Ascent (Cosigned) 6.22% - 16.08%*

➡️ SoFi 5.99% - 14.70%*

➡️ College Ave 5.59% - 16.69%*

➡️ Sallie Mae 6.37% - 16.70%*

➡️ LendKey as low as 6.08%*

➡️ Citizens (through Credible) 6.97% - 15.03%*

*Rates are based on automatic payment discounts of 0.25 percentage points.

Before you commit to a private lender, check out Juno to see if you're getting the best loan rate available for your credit profile.

We're Here to Help You!

📊 Download our FREE Student Loan Comparison Spreadsheet.

🐻 Use Mama Bear Legal Forms to make sure you can help your student in an emergency. Enter promo code Road2College & save 20%.

💰 Compare your student's college offers to what other student's have received with our FREE Compare College Offers tool.

🎓 Protect your college investment with GradGuard tuition insurance.

💻 Join our free PFC101 Facebook group and connect with other parents on the paying for college journey.

🎁 Save 10% off diploma frames and treat your student to a graduation gift with DiplomaFrame. Use coupon code ROAD2COLLEGE for your discount.

Got Questions About Paying for College?

We're Lending an Ear and Answering!

Submit your questions here, then check back each week as we highlight the most pressing questions and share our advice.

Our R2C Content Team is dedicated to helping families navigate the

ever-changing world of college admissions and financing.

Lending an Ear is written & edited by Becca Blauch.

Disclaimer: The information provided in this email is for general informational purposes only. Road2College is not a financial advisor or planning service, and as such, cannot be held responsible for any direct or indirect circumstances. Please consult a licensed financial professional before making any financial decisions. Road2College may receive compensation from products and links featured in this email. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding.

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Subject: 🚨 Important Student Loan Updates!