Nitro Knowledge. Your Guide to Paying for College.
The biggest pro of cosigning your child's student loan is obvious: You'll help them attain the education they need to secure their financial future. Plus, cosigning a private student loan is often the best way to fill tuition gaps at the lowest interest rate possible.
The biggest con is obvious, too: If your child doesn't pay for some reason, you may be on the hook. However, there's more to cosigning than meets the eye. Let's take a closer look at some things you should think about before you cosign your child's student loan.
If you're drowning in scholarship essays, let us toss you a life raft: Here are five scholarships that don’t require you to pen any long prose.
Some of these do require you to submit some information about yourself and, in some instances, answer some questions or complete a few easy tasks. The key to success with these — and all scholarship applications — is to follow the instructions and submit your application before the deadlines.
An important distinction when filling out the Free Application for Federal Student Aid (FAFSA) is whether to file as a dependent or independent student. Which one are you? Your choice could have a big impact on how much aid you receive.
Why is that? Because the more income you report on your FAFSA, the less aid you'll receive.
Here's a super-hot tip for you: You should fill out the FAFSA even if you think you won't qualify for financial aid. Why is that? Because the FAFSA, which stands for the Free Application for Federal Student Aid, is the gateway to receiving multiple types of financial aid for college, including federal, state, and school-based aid.
It's one of the most important documents you'll fill out during your college career. Here's everything you need to know about the FAFSA.