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Lending an Ear

A weekly guide to financing college.

August 6, 2023

Important Information About Accessing Your Student's College Records

The Family Educational Rights and Privacy Act (FERPA) is meant to protect your student's college records. This means that as the parent, you cannot get information from the school about your student without a completed form.

Read HERE about a parent who struggled to help their child because the school would not release the student's information to her.

Privacy laws make it difficult to help your adult children in an emergency. Get a Young Adult Power of Attorney with Mama Bear Legal Forms. They'll help you create your documents in 20 minutes.

Save 20% by entering promo code Road2College.

Do You Know the Tuition Refund Policy at Your Student's School?

Attending college is a big financial decision. Now is the time to learn about the financial risks and how to navigate them.

Sometimes students need to withdraw from college due to a serious illness, injury, or accident. Click HERE to read what you need to know to protect your student, your family, and your investment.

GradGuard offers tuition insurance plans per term, as well as renters insurance. Tuition insurance must be purchased before the first day of classes. Check with your school to see if they offer GradGuard, or get more information about school plans and renters insurance directly HERE.

Get Your Free Tip Sheet

Private Lender Suggestions

(Variable APRs as of 8/3/2023)

Note: We recommend you borrow federal student loans first. Once you've exhausted your federal loan eligibility, carefully compare your options from private lenders.

➡️ Brazos 5.07% - 9.52%*

➡️ Ascent (Cosigned) 5.94% - 15.83%*

➡️ SoFi 5.49% - 13.97%*

➡️ College Ave 5.29% - 16.99%*

➡️ Sallie Mae 6.12% - 16.45%*

➡️ Citizens (through Credible) 5.57% - 13.76%*

*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, and renters insurance.

📽️ Watch our popular Financing College videos.

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

✅ Download our FREE Student Loan Tip Sheet.

Lending an Ear

Q & A

Community Question: If I apply for a private loan to cover the cost of the full year, will the interest start accruing on the full amount right away?

Answer: Interest will only accrue on the portion of the loan that is disbursed to the school. This means only the amount that is sent to the school to cover the fall bill will start accruing interest. The second half will be disbursed in the spring and begin accruing interest at that time.

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.
Road2College may receive affiliate compensation on items purchased through our links.

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Subject: It's True. 💩 Happens