⚠️ Read This Before You Borrow Student Loans

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Lending an Ear

A weekly guide to financing college.

June 30, 2024

The #1 Thing to Do When Researching Student Loans

The amount a student borrows and the interest rate they agree to can impact their finances for the rest of their adult life. Learn how to help your student borrow responsibly and keep their debt low HERE.

Dear Roadie, My Son Insists on Borrowing $200K For a School We Can’t Afford. Did I Fail Him as a Parent?

One parent shared their concerns over their student wanting to borrow too much money for college. Read HERE to see Dear Roadie's advice for them.

Mama Bear Helps You Take Care of

Your Student in an Emergency

Privacy laws make it difficult to help your adult children in an emergency. Get a Young Adult Power of Attorney with Mama Bear Legal Forms.

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Our Private Lenders Suggestions

(Variable APRs as of 6/28/2024)

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) 6.23% - 16.09%*

➡️ SoFi 5.74% - 15.86%*

➡️ College Ave 5.59% - 16.85%*

➡️ Sallie Mae 5.37% - 15.70%*

➡️ LendKey as low as 5.99%*

➡️ Citizens (through Credible) 5.97% - 16.47%*

*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 and renters insurance.

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

📕 Check out Buying College Better to learn how to reduce out of pocket college costs.

🎁 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!

Question: With government interest rates rising, is it still wise to borrow federal loans even if private student loan rates are lower?

Answer: We always recommend that students borrow their full federal direct loan eligibility before getting private loans. Federal student loans have more borrower protections and flexible repayment options.

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: ⚠️ Read This Before You Borrow Student Loans