Fall Tuition 2021

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Subject: Fall Tuition 2021

Protecting Your Tuition Investment

College is expensive, and anything that might get in the way of that big investment should be avoided.

BUT, things do happen: Students lose things, students break things, things get stolen, accidents happen and students don't complete their learning time on campus for various reasons.

So, how does a parent cover themselves for these potential losses?

One way is with insurance.

Click here to learn all about the various types of insurance you might consider before sending your student off to college.

30 Days or Less to Pay The College Bill

For most families, it's less than 30 days away from paying their student's fall semester bill.

If you still need to figure out loans, you have time, but you need to act NOW.

The first order of business is...

Make sure your student ALWAYS maxes out the federal student loans.

If you still need more, you'll want to compare private student loan rates to the Parent PLUS loan, which is 6.28% plus a 4.228% origination fee, equaling an APR of 7.25% (the interest rate to compare private loans rates to).

With less than 30 days till the college bill is due, we suggest you apply directly to several lenders to get your actual interest rate, as opposed to a prequalified rate.

If borrowers apply to several lenders within 30 days, multiple credit checks are viewed as one credit pull by the bureaus. Credit bureaus know borrowers shop for rates, and they don't want to discourage that.

Below are lenders we recommended you check with to compare rates (as well as other features like cosigner release requirements and repayment options).

LENDER I VARIABLE RATES (APR)

Ascent (Cosigned) 1.85% - 10.35%*

SoFi 1.11% - 11.22%*

CommonBond 3.78% - 9.34% *

College Ave 1.04% - 11.98%*

Citizens Bank 1.03% - 10.24%*

Sallie Mae 1.13% - 11.23%*

LendKey as low as 1.49%*

*Variable rates as of August 4, 2021. Rates are based on automatic payment discounts of 0.25 percentage points.

My goal is to provide affordable services, insightful information and a support system so your family 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.

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Subject: Fall Tuition 2021

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