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Four Kids in College at Once…Oh, My!! |
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So you think you’ve got money problems! Sabrina Malone is a member of our Paying For College 101 Facebook group and a mom of seven (yes, you read that right) kids, four of whom are in college right now.
We’re not amazed by the fact that she has seven children, we’re in awe of her because she is still standing, smiling, and is a wealth of positivity and knowledge.
How does she do it? Read her story here.
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You DID know that the word “august” means “respected and impressive,” didn’t you? We’re not taking names, however, so, no worries. But, this list of scholarships with August (that’s with a capital “A”) deadlines IS quite impressive. Tell your student to get out of the heat and potentially make some money for college. Check out the list here.
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Tuition Due Bill?
Many families are just getting the tuition bill and figuring out exactly how much they will need to pay. Don't freak out if you'll need a loan. There's still time to shop around to find the best rate.
At this point in the summer, we strongly encourage you to apply to multiple lenders and compare the rates they offer you. There's no harm in applying to more than one lender. In fact the credit bureaus understand borrowers need to compare rates. So applications for mulitple loans (of the same type), filled out within 30 days, are viewed as one hard credit pull against your credit score.
Get the information you need to make a smart decision. Shop for rates. Compare the rates you're offered and the loan features. Having the ability to release a co-signer is an important feature for many families and this isn't available with all lenders, so make sure you ask.
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LENDER I RATES
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CommonBond I 3.66% - 9.64% *
LendKey I 4.46% - 9.43%*
College Ave I 3.96% - 11.98%*
Citizens Bank I 3.96% - 11.61%*
Sallie Mae I 3.98% - 11.35%*
Funding U I 7.99% - 13.99%**
*Variable rates as of 7/21/19, fixed rates may vary.
** Funding U only offers fixed rates.
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| As a reminder, students should always access their federal student loans first, before borrowing from private lenders. Interest rates on federal student loans are generally the lowest rates students can find without a cosigner.
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What We’re Buying On The Road… |
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The blackout in NYC the other week gave us pause, and we wondered what happens in dorms and off-campus houses when the lights go out? Then we discovered Luci Solar Lights, and our worries were assuaged. Perfect for any college student who is left in the dark…and we mean that literally.
And because parents want all their child’s paths to be well lit, this rechargeable bike light will help them achieve that. It’s easy to install and multifunctional.
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| 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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If this newsletter no longer fits your needs, consider receiving our new newsletter, focusing on financial issues related to students currently in college or recently graduated.
Road2College may receive affiliate compensation on items purchased through our links. |
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