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| Academic Gives Virtual Semester a Thumbs Up |
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| How does everyone feel about the fall 2020 semester? We've heard from parents and students, and colleges and pundits, but not much has been expressed by professors...until now.
Read here as a professor of a major university discusses why she votes for a virtual semester. |
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| Taking a Gap Year: Will Colleges Roll Out the Red Carpet For Returning Students? |
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| The uncertainty swirling around the upcoming semester is more like a snowstorm than anything having to do with fall.
Taking a gap year might be a prudent strategy for some students. But how do parents really feel about it, and will colleges allow those GY students to defer and return with any monies previously offered? Read the article here. |
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What’s Up Ahead On "The Road"...
Basic Training...For Student Loan Novices
If you feel somewhat befuddled (or overwhelmed) by everything about student loans or just need a refresher course, we've got you covered! Tune in to our Facebook Live on next Thursday, June 11th at 8:30pm (EST) when Angela Colatriano, of College Ave Student Loans, will go over all the ABCs of the student loan process. |
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For 12th Grade & College Students:
TIME TO UNDERSTAND LOANS
This is the time of year when you're deciding where your student will go to college. The finish line is in sight, but even so, there's a nagging question at the back of your mind..."How the h@$$ am I going to pay for it?"
SHOP AROUND!
Just like with any other big purchase in life, it's important to comparison shop, gather information, and weigh all your options.
Start getting an idea of how much private interest rates are compared to the Parent PLUS loan (which is now 5.3% but with an origination fee of 4.236%). The best way to gather your information is to apply to several lenders and then compare. There are also a few student loan marketplaces ( Credible is popular with many families). The marketplaces are good sites to check but understand that not ALL lenders participate in these marketplaces, so you may be missing out on potentially better rates if you don't apply directly to some lenders. It's worth your time to get all the information you need to make a smart decision.
We'll continue to share more information on loans and how they work in the coming weeks. |
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LENDER I RATES (APR)
__________________________
SoFi I 1.57% - 10.23%*ª$250 bonus towards loan principal
CommonBond I 1.70% - 7.68% *
College Ave I 1.49% - 11.98%*
Citizens Bank I 1.54% - 9.65%*
Sallie Mae I 1.50% - 9.66%*
LendKey I 2.99% - 6.95%*
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*Variable rates as of 5/12/20, fixed rates may differ.
ªRoad2College followers will receive a $250 principal pay down when taking out a SoFi loan only when applying through this link.
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If you're confused about student loans, mark your calendar for our upcoming Facebook Live with Angela Colatriano, Chief Marketing Officer of College Ave Student Loans, as she walks through the basics that every family should know.
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| My goal is to always provide you with affordable services, insightful information and access to actionable data to help you make more informed college decisions.
Feel free to respond to this email with any questions you have. |
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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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