Have a college planning question?

How to compare student loan options

Posted by Lindie Johnson on Apr 22, 2015 7:00:00 PM

If you are in need of a loan for college, it is important that you understand how to compare your options in order to get the best deal for your family. 

Students typically should borrow Federal Direct Subsidized and/or Unsubsidized Loans before seeking a loan elsewhere. These loans have low fixed rates and the most flexible repayment options on the market. If your family applied for financial aid, these loans would have been included in the student's financial aid award letter. 

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Topics: Borrowing for College

Borrowing for college: Federal PLUS Loan Profile

Posted by Lindie Johnson on Apr 16, 2015 8:30:00 AM

When it's time to borrow money for your child's college education, the loan jargon can easily throw you for a loop. With so many different types of loans out there, it can be hard to decipher what will work best for you. The key is to arm yourself with knowledge about the ins and outs of each different type of loan before borrowing for college. Here is an inside look at the Federal PLUS Loan, a loan for parents of undergraduate students.

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Topics: College Financial Aid, Borrowing for College, Student Loan Repayment

The real cost of student credit cards

Posted by Lindie Johnson on Apr 9, 2015 4:00:00 PM

The idea of a credit card seems too good to be true to many young adults. To the financially uneducated, student credit cards may even seem like free money and a way to provide instant gratification. On the other hand, those who are armed with financial knowledge know that credit cards can become a horrible financial trap if used improperly. It is extremely important for students to learn about proper credit card use early to avoid bad decisions and financial ruin. Here is some basic information about credit cards and how students can be wise in their use.

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Topics: Financial Education for Students

Appealing financial aid awards

Posted by Lindie Johnson on Apr 6, 2015 1:50:00 PM

If you will need assistance to attend college, you must apply for financial aid. Once you have applied for financial aid through the Free Application for Federal Student Aid (FAFSA) and received an award letter from the schools of your choice, you may feel like the worst of the financial burden is behind you.

However, life is full of surprises that can often change the course of action that you are planning. If an event happens in your life that will restrict or limit your ability to presently pay for your college education,appealing financial aid awards received from your schools may be the way to go. Although it may sound like more worrisome paperwork to deal with in the midst of an already stressful situation, you are just one more step closer to securing the financial aid that you need. Here is some information on how to appeal financial aid awards. 

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Topics: College Financial Aid

Comparing financial aid award letters

Posted by Lindie Johnson on Apr 2, 2015 11:58:00 AM

April is a tremendously exciting time for student and parents as college acceptance letters roll in. It can also be a tremendously disappointing time if you find the financial aid awards you received from colleges were not what you expected. 

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Topics: College Financial Aid, Borrowing for College

Interpreting financial aid award letters

Posted by Lindie Johnson on Mar 30, 2015 4:00:00 PM

Once you finally receive your child's financial aid award letters in the mail, you may feel emotions like relief and excitement. The financial aid award letter contains information about the aid that you are eligible to receive on a state and federal scale and also includes funds directly awarded by the college. The format of award letters widely differ making it difficult to find comparison. 

Here are some tips to help you interpret your financial aid award letters.   

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Topics: College Financial Aid, Financial Aid Award Letters, Borrowing for College

Tuition payment plans: Are they the right option for you?

Posted by Lindie Johnson on Mar 20, 2015 11:04:00 AM

Tuition payment plans are one method that allow parents and students to pay tuition expenses over a short period of time, typically less than 12 months. These plans are often interest-free but often have some fees associated with them, although they are generally pretty low. 

Most of these plans allow you to set up payments to the college directly through your bank account on a monthly basis. These plans can be a good option for parents who can afford tuition, but can't manage to make one large payment in the beginning of the academic year. 

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Topics: College Financial Aid, College Planning, Financial Education for Students, Parents and College Planning

Borrowing for College: Federal Stafford Loan Profile

Posted by Lindie Johnson on Mar 17, 2015 3:30:00 PM

When you are thinking about borrowing for college, it's important to know and understand your options. In order to get the best loan for your college career, you have to dig a little deeper into the realm of college borrowing. Federal loans have many benefits such as fixed interest rates and payment deferment to those who qualify. Although there are multiple types of federal loans, the Stafford loan is among the most common. Here is a little insight about the federal Stafford loan.   

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Topics: Borrowing for College

Paying college tuition: How will you pay the bill?

Posted by Lindie Johnson on Mar 12, 2015 10:25:00 AM

College tuition bills typically are due around August 1st. That may feel like a long time away, but you need to start coming up with a plan on how you will pay that tuition bill soon. 

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Topics: College Financial Aid, Borrowing for College

How to build good credit

Posted by Lindie Johnson on Mar 9, 2015 3:24:00 PM

Getting an education is an essential tool which will benefit you in the future. Having good credit is just as important to help ensure your stability and help you successfully do things such as rent an apartment, buy or lease a car, and even get a good job. It is often said, a good name is priceless in life and so too is a solid credit history. Maintaining good credit will afford you many opportunities that would otherwise be impossible. It can show stability, consistency, responsibility and maturity – all of which are positive traits that can help you succeed in life. Do your long term goals include owning your own home? Would you like to land the job of your dreams? Here are a few tips on how to build good credit to live a more fulfilling life.  

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Topics: Financial Education for Students, Student Loan Repayment