When you’re ready to fill out your Free Application for Federal Student Aid (FAFSA), you’ll need to have some very specific info on-hand.
Here's how you can prepare.
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.
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).
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.
Figuring out how to pay for college can feel overwhelming. It costs a ton, there are a lot of options, and the best process for putting together funding isn’t always crystal clear.
Take a deep breath — we’ve got your back.
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