Posts by Jon O'Donnell

Jon is a writer and marketer for Nitro who is passionate about bringing transparency to the student loan process along with providing families with the information needed to make smart financial decisions. He also just recently refinanced his student loans allowing him to pay them off 5 years faster all while saving an additional $152/month. As he continues to pay them off himself, he strives to help others do the same. Jon also has a long history of connecting people with educational opportunities to help them improve their careers and their overall personal finances. In his free time you can find him reading travel blogs and researching destinations around the world in search of his next adventure.
Jon O'Donnell

A Pell Grant is an extremely valuable component of federal financial aid. Because it's a grant, you don't have to pay it back. Free money? Yes, please.

If you qualify, a Federal Pell Grant could add as much as $6,345 to your college coffers. 

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Federal student loans, also known as Stafford Loans or Direct Loans, come in two forms: subsidized and unsubsidized.

Subsidized loans are offered to students with financial need. For these loans, the government will cover the interest while you're in school. Unsubsidized loans are offered to students without extreme financial need. If you get an unsubsidized loan, the loan interest will accrue while you're in school if you defer payments. Let's dig in to how each of these loans work. 

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What’s the easiest way to get approved for a private student loan? Apply with a cosigner. 

Why? Because most college students don't have an adequate credit history to qualify on their own. In fact, 92% of private student loans are cosigned (according to figures from the MeasureOne Private Student Loan Report, Dec. 2019). 

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The prospect of paying for college can be overwhelming, even for the most well-prepared students. Tuition costs continue to rise, even though parental and post-graduate incomes haven’t followed the same trend. So who should pay for college? Viewpoints vary as to whether students or their parents should be responsible.

Let's take a look at some common viewpoints. 

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If you’re new to the college funding process, you may find yourself a bit overwhelmed. That’s not unusual.

In fact, most people get pretty stressed out when they start thinking about how to pay for college. Your best bet is to use multiple approaches to fund your education. Let's take a look at your options.

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The 3 steps you need to take to finalize your child’s college funding plan

If you’re in college-funding “crunch mode” right now, you’re not alone. A recent study reveals that late spring — in other words, right now — is when most parents feel the pressure to get their children’s college funding plans tied up for the fall.

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