Are Private Loans the Cheaper Option?

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Lending an Ear

A weekly guide to financing college.

April 21, 2024

Deciding Whether to Appeal or Not? Compare Your Student's Offers to Others NOW

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

Families can share their students' admissions acceptances/offers and see real data from this year and past years.

Use our CCO tool to:

share your student's college offers
see real offers in real time submitted by other students
get a sense of how fair your student's college offers are
decide whether to appeal

Compare Now

If you need help putting together a financial aid appeal, let us know. We offer a financial aid appeal review.

Student Loan Advice You Need Now

Taking on student loan debt is a major financial decision. Before you start applying for loans and choosing a lender, read these 10 tips to be sure you and your student make a smart choice.

Are Private Student Loans the Better, Cheaper Option?

If you're deciding between a private student loan and a federal parent PLUS loan, read here to learn which is the best choice for your family.

Register for Our Upcoming Event

Cracking the Code:

Your Guide to Unlocking Scholarships

April 30, 2024

at 8:30pm

All Registrants Receive a Chance

to Win Ascent's $500 No Essay

Scholarship for Students and Parents!

Our Private Lenders Suggestions

(Variable APRs as of 4/18/2023)

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.

📽️ Watch our popular Financing College videos.

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

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: Are Private Loans the Cheaper Option?