| | The Fundamental Things Apply
There are lots of things a parent needs to remember before sending their kid off to campus: paperwork to sign, advice to give, etc., etc. Each one of those things can add a little more peace of mind to your day, because, you know, accidents do happen. A first aid kit can add even more peace of "mindness," as long as it contains all the right stuff.
Check your list against ours here, because one can never have too much of the right stuff or peace of mind.
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| | Payback Is a You-Know-What
Getting a student loan is essential to most students receiving a college education. Whatever type of loan your child opted for, they probably needed this kind of help to afford school. As they get closer to graduation, they may be wondering how much they’re going to pay back. Figuring this out includes understanding the factors that may impact student loan repayment such as the interest rate, deferment, and forbearance. Members of our Facebook group, Paying For College 101, weighed in here on how they are choosing to repay student loans so that interest doesn’t get out of hand.
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Compare Rates Among Lenders
If you need to borrow money to pay for college, time is running out to gather the information you need to make a good decision.
Shop around, but do it quickly before your student's college bill is due.
If you're at all worried that applying to multiple lenders will make a big dent in your credit score, don't be.
When you apply for the same type of loan within a few weeks the credit bureaus know you are shopping for rates, so there's very little effect on your credit score.
We've done our own informal study and found that the lenders offering the lowest rates were College Ave Student Loans and Sallie Mae.
Use the links below to get prequalified and/or submit an application to find out the interest rate you'll receive.
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| LENDER I RATES (APR)
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SoFi I 1.90% - 11.66%*ª
$250 bonus towards loan principal
CommonBond I 6.61% - 9.42% *
College Ave I 1.24% - 11.98%*
Citizens Bank I 1.24% - 10.56%*
Sallie Mae I 1.25% - 11.15%*
LendKey I 1.25% - 11.15%*
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| *Variable rates as of 8/13/20, 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 provide affordable services, insightful information and access to actionable data so you can make more informed decisions about college.
Feel free to respond to this email with any questions you have. |
| | 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. |
| | Road2College may receive affiliate compensation on items purchased through our links.
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