Subject: FB Live: Student Loan Rundown

Find private loan rates less than the Parent Plus Loan.
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Set aside time to get your student loan questions answered...
Join me as I talk with Melissa Basset from SoFi. This is our second Facebook Live this summer with Melissa. She's a wealth of knowledge, having worked in the student loan industry for over 20 years.

Reply to this email with any questions you have about student loans and I'll make sure to ask them.

As something special just for followers of Road2College, if you take out a student loan through SoFi, you'll receive $250 towards reducing your loan principal. 
(You must click here to receive this offer.)

Shopping for a new pair of shoes is fun.

Shopping for Student Loans…not so much.
When it comes to finding the best private student loan rates for YOU, I give the same advice over and over - SHOP AROUND! 

I can't tell you which lender will give you the best rate. That's because each lender has their own credit algorithm for reviewing what's important to their business before offering borrowers a rate.

But I can tell you that private student loan rates have dropped considerably since this time last year.

I can also tell you that some private lenders are offering rates on student and parent loans that are less than the federal Parent Plus Loan. 

After your student maxes out his/her federal student loan, you can either borrow with a:
  • Federal Parent Plus Loan (borrower is the parent)
  • Private Student Loan (borrower is the student with cosigner)
  • Private Parent Loan (borrower is the parent)

>> The Parent Plus Loan rate is 5.3% with an origination fee of 4.236%. (This means your interest rate is closer to 6.3% when you factor in the origination fee!)

>> Fixed rates on some private student loans and private parent loans are starting as low as 3.99%.

The entire Student Loan process can be so stressful, but I can't emphasize enough the importance of shopping around for the best interest rate and comparing all your options.

Don't be afraid that applying to multiple lenders will make a big dent in your credit score. 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. 

Go to several of the lenders below to find out the rate they will offer you.
Download our Student Loan Calculator spreadsheet to record all the interest rates and compare the total cost of each loan.

LENDER I RATES 
__________________________

SoFi I 4.23% – 11.76%*ª
$250 bonus towards loan principal 

College Ave I 3.99% - 12.99%*

CommonBond I 5.45% - 9.74%*

Sallie Mae I 4.25% - 12.35%*

LendKey I 4.25% - 12.35%*

Citizens Bank I 4.25% - 11.04%*
LENDER I RATES 
__________________________







*Fixed APR rates as of 7/11/20.
ªRoad2College followers will receive a $250 principal pay down when taking out a SoFi loan only when applying through this link. 

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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Debbie Schwartz, Road2College, 19072, Narberth, United States
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