FAFSA Changes Coming for the 2024-25 Year!

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Subject: FAFSA Changes Coming for the 2024-25 Year!

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Lending an Ear

A weekly guide to financing college.

May 14, 2023

How Prequalification Can Help You Find a Lower Private Student Loan Interest Rate

Prequalification allows you to get an estimated interest rate from a lender with only a soft credit check. Learn more about why you should be applying for prequalification HERE.

Can Students Get Loans With Bad or No Credit?

If your student is looking into private student loans, you may wonder how their credit rating will affect the options. Read HERE to learn about the student loan options available and how credit impacts the loan offers.

Mark Your Calendar!

Financial Aid and Changes To The FAFSA,

Especially For Divorced Parents

With Debbie Schwartz, R2C Founder &

Melissa Bassett, SoFi Student Loans

May 21, 2023

8 pm (ET)

Our Private Lenders Suggestions

(Variable APRs as of 5/12/2023)

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) 6.16% - 15.49%*

➡️ SoFi 5.16% - 13.07%*

➡️ College Ave 4.99% - 15.32%*

➡️ Sallie Mae 5.87% - 16.20%*

➡️ Citizens (through Credible) 5.40% - 15.04%*

*Rates are based on automatic payment discounts of 0.25 percentage points.

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.

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

✅ Download our FREE How to Pay for College Tip Sheet.

Lending an Ear

Q & A

Community Question: With interest-rate increases, does it make sense to apply for the Federal Unsubsidized loan now (with the 4.99% interest rate) or does the student have to wait until after July 1st to apply for the 2023-24 school year?

Answer: The interest rate set by the federal government for student loans is based on when the loan is disbursed to the school, not when you apply for it. All loans disbursed before July 1, 2023 will have a set 4.99% interest. Rates for loans processed after July 1, 2023 should be released within the next month.

Have a question of your own? Submit it 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: FAFSA Changes Coming for the 2024-25 Year!