|
|
| Will Colleges Be "Borrowing" From Peter to Pay Paul? |
|
| College spending has changed drastically due to the pandemic, and schools may well find themselves taking funds from one department, program, or sport, to pay for others. This might leave some majors in the dark or out of sight totally.
|
|
|
| Because Scholarships Don't Take a Summer Vacation... |
|
|
| It may be harder to take a summer vacation this year than ever before, but if your student does have to stay close to home, they can always apply for scholarships while they're sunbathing in the backyard.
Not ideal, but they'll thank you in the dead of winter when the money starts rolling in. Here's a list of scholarships that all have June deadlines. |
|
|
What’s Up Ahead On "The Road"...
|
|
|
For 12th Grade & College Students:
TIME TO UNDERSTAND LOANS
This is the time of year when you're deciding where your student will go to college. The finish line is in sight, but even so, there's a nagging question at the back of your mind..."How the h@$$ am I going to pay for it?"
SHOP AROUND!
Just like with any other big purchase in life, it's important to "window shop," gather information, and compare your options.
Start getting an idea of how much private interest rates are compared to the arent PLUS loan (which is now 5.3% but with an origination fee of 4.236%). The best way to gather your information is to apply to several lenders and then compare. There are also a few student loan marketplaces ( Credible is popular with many families). The marketplaces are good sites to check but understand that not ALL lenders participate in these marketplaces, so you may be missing out on potentially better rates if you don't apply directly to some lenders. It's worth your time to get all the information you need to make a smart decision.
We'll continue to share more information on loans and how they work in the coming weeks. |
|
LENDER I RATES (APR)
__________________________
SoFi I 1.57% - 10.23%*ª$250 bonus towards loan principal
CommonBond I 1.70% - 7.68% *
College Ave I 1.49% - 11.98%*
Citizens Bank I 1.54% - 9.65%*
Sallie Mae I 1.50% - 9.66%*
LendKey I 2.99% - 6.95%*
|
|
| |
|
*Variable rates as of 5/12/20, 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.
|
|
|
For 9th, 10th & 11th Grade:
EDUCATED CONSUMERS UNITE! (But You Better Hurry!) |
|
|
The door to the Road2College Concierge Services will be closing at midnight on May 31st!
During the past few months we have learned how crucial it is to be armed with solid information about our health and safety.
That is true about the college admissions process as well.
In the case of the latter, it’s not a matter of life and death, however, being an educated consumer when it comes to going down the road to college will definitely impact your family’s life...for the better.
Road2College Concierge Services give you access to experts, community, tools, and resources you won’t find on your own.
Working together, you’ll be able to make smarter college decisions in detailed areas of college admissions and the financing process. You will get expert step-by-step guidance without having to pay an exorbitant price.
As a special offer (if you join by midnight tonight) you'll receive two great bonuses - an invite to a live orientation session and access to our new college list building video program.
|
|
|
|
| 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. |
|
| 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. |
|
|
If this newsletter no longer fits your needs, consider receiving our new newsletter, focusing on financial issues related to students currently in college or recently graduated.
Road2College may receive affiliate compensation on items purchased through our links. |
|
|
