Subject: Learn About Federal vs Private Student Loans

Take the first step. Understand loan options and determine what's best for your family.

Lending an Ear

A weekly guide to financing college.

April 8, 2023

Open notebook with Unsubsidized Loans Pros/Cons on one side and Subsidized Loans Pros/Cons on the other side

Subsidized vs. Unsubsidized Loans: What's the Difference?


All students who complete the FAFSA are eligible to receive federal student loans, but there are two different types available. Learn what subsidized and unsubsidized loans are and how they are awarded.

Notebook with “Compare Loans“ written on it

How to Know Which Loan to Choose

If you still need additional funds to cover college costs after maxing out on federal student loans, you'll need to decide between a federal Parent PLUS loan or a private student loan. Learn the pros and cons of both options before making a decision.

Use Our Compare College Offers Tool to Help Appeal Financial Aid

For the past few years, through our Compare College Offers Tool, we've worked to bring transparency to how colleges are awarding financial aid. We're accomplishing this with your help—crowdsourcing and sharing student acceptances, merit scholarship offers, and need-based aid. 

 

If your student has received any acceptances, please share them now and see real data from this year and past years. You can use this information to decide if your student should appeal for additional financial aid.

Share Now

(Information shared is anonymous.)

Our Private Lenders Suggestions

(Variable APRs as of 4/6/2023)


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) 6.01% - 15.32%*

 

➡️ SoFi 4.99% - 13.07%*

 

➡️ College Ave 4.74% - 15.32%*

 

➡️ Sallie Mae 5.62% - 15.95%*

 

➡️ Citizens (through Credible) 5.17% - 14.83%*

 

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

Mama Bear Helps You Take Care of

Your Student in an Emergency

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. 

Get Started

Got Questions About Paying for College?

We're Lending an Ear and Answering!

Submit your questions 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.
facebook
twitter
instagram
youtube
Debbie Schwartz, Road2College, 19072, Narberth, United States

You may unsubscribe or change your contact details at any time.

    This is an online snapshot of a newsletter created by the owner of Weekly Newsletter (Debbie Schwartz, Road2College, 19072 Narberth, United States) and sent via GetResponse on 2023-04-08. Report abuse