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Expert Advice About Student Loans |
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The student loan process can be confusing, and above all, intimidating.
So intimidating, in fact, that parents are hesitant to find clarity, and just jump in without really understanding the full picture. Big mistake!
We've narrowed down the hundreds of questions we often see in our Paying For College 101 Facebook group to the five most baffling ones. And we approached five experts and got them to share their answers with us. Here's the Q and A.
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| Who Should Merit From Merit?
A higher ed issue was recently brought up by a major newspaper, and we decided to expand on it. The article implied that the "wealthier" students who could more afford to pay for college than others should not receive any aid in the way of merit awards.
It raised the question: Should smart, more well-heeled students pass up the merit scholarships they earned so that other less financially comfortable students could benefit?
Don't answer that question until you read our article here.
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Whats Up Ahead on The Road...
Count on coming away from both of these sessions with lots of confidence and knowledge with which to make smart, rational decisions about important aspects of the college process.
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Compare Rates Among Lenders
If you need to borrow money to pay for college, now is the time to gather as much information as you can before you're pressed to make a decision of where to borrow.
Use the links below to get prequalified and/or submit an application to find out the interest rate you'll receive.
If you do all your loan shopping (including submitting applications), within a 30-day window, the credit bureaus do not penalize your credit score for submitting applications to multiple lenders.
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LENDER I RATES (APR)
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SoFi I 1.3% - 10%*ª
$250 bonus towards loan principal
CommonBond I 1.44% - 7.42% *
College Ave I 1.24% - 11.98%*
Citizens Bank I 1.30% - 10.61%*
Sallie Mae I 1.25% - 11.15%*
LendKey I 1.25% - 9.44%*
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*Variable rates as of 7/01/20, fixed rates may differ.
ªRoad2College followers will receive a $250 principal pay down when taking out a SoFi loan only when applying through this link.
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| My goal is to always provide you with affordable services, insightful information and access to actionable data to help you make more informed college decisions.
Feel free to respond to this email with any questions you have. |
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| Debbie Schwartz Founder, Road2College I'm a parent, like many of you, navigating college admissions and paying for college. With an expertise in personal finance, analysis, and marketing, I'm working to give families the information and tools to make smarter financial college decisions. |
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Road2College may receive affiliate compensation on items purchased through our links.
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