Read This Before You Borrow Student Loans

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Subject: Read This Before You Borrow Student Loans

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Lending an Ear

A weekly guide to financing college.

June 18, 2023

The #1 Thing to Do When Researching Student Loans

The amount a student borrows and the interest rate they agree to can impact their finances for the rest of their adult life. Learn how to help your student borrow responsibly and keep their debt low HERE.

What to Know Before Your Borrow

We've created a student loan tip sheet with everything you need to know about student loans, how to apply, and more. Download it HERE.

Mark Your Calendar

How to Get the Lowest Interest Rate on a Student Loan: Tuesday, June 27 at 8:30 pm ET
Student Heading Off to College? What to Know to Protect Your Family’s Financial Investment: Thursday, July 20 at 8:30pm ET

Our Private Lenders Suggestions

(Variable APRs as of 6/16/2023)

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) 5.98% - 15.63%*

➡️ SoFi 5.49% - 13.07%*

➡️ College Ave 5.09% - 15.99%*

➡️ Sallie Mae 5.99% - 16.33%*

➡️ Citizens (through Credible) 6.03% - 13.25%*

*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.

🔍 Check Juno to make sure you're getting the lowest student loan interest rate possible.

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

Lending an Ear

Q & A

Community Question: If students consolidate their private loans once they graduate, is there any reason not to take the shorter term loan with the lower interest rate now? Will they be able to consolidate later and extend the term of the loan?

Answer: Students can consolidate their private loans after graduation with a shorter term. If they need to extend the term of the loan later, they can contact a private lender about refinance opportunities with a longer repayment period.

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: Read This Before You Borrow Student Loans