Nitro Knowledge. Your Guide to Paying for College.
If you're in the mood for some good news, we actually have some for you! Interest rates on federal student loans are set to reach historic lows for the 2020-2021 school year, with undergrad loan rates set at 2.75%, down from 4.53%.
What that means to you: If you were planning on using federal student loans for school next year, you just received a discount for the total cost of your college education.
If you were depending on a part-time or summer job to shore up your college savings, you may scrambling for other options to make bank before the fall semester starts.
Believe it or not, there are quite a few legit ways to make a few bucks from home even while practicing social distancing.
Pell Grants are one of the most sought-after forms of financial aid. They are awarded by the federal government and can be worth up to $6,345 for the 2020-2021 school year. Yet, there is a lot of confusion about who qualifies and for how much.
Let's dive into the top five myths about Pell Grants, so that you can get ALL the grant money you may be entitled to.
If the pandemic has caused a change in your college funding situation, you're certainly not alone. In our recent survey of over 6,500 high school seniors and their parents, 69% of parents and 55% of students reported that COVID-19 has impacted their ability to pay for college.
A drop in income right before you begin college can certainly be a cause for anxiety. But here's the good news: There are plenty of ways to get college money that don't involve taking on crushing amounts of student loan debt. Let's look at some strategies that may give you the boost you need.