Have a college planning question?

Minimizing debt: 7 tips for borrowing less for college

Posted by Lindie Johnson on May 28, 2015 7:30:00 AM

While most students graduate with reasonable amounts of debt (unlike what you have probably heard in the news), students and parents certainly could do more to reduce the amount they borrow and minimize their debt. After all, graduating with less debt will help students get started on the right foot.

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Topics: Borrowing for College

Student Loan FAQ

Posted by Lindie Johnson on May 20, 2015 2:30:00 PM

When it's time to choose a student loan, there may seem to be many more questions than answers.

You may be wondering about what kinds of loans are available to you and what are the best terms to agree upon. Don't be in a state of confusion when you choose your college loan.

To get a better understanding, here are some frequently asked questions about student loans.

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Topics: Borrowing for College

Why was I denied on my student loan?

Posted by Lindie Johnson on May 18, 2015 3:00:00 PM

In the panic of the college financing season, students and parents are often left wondering - or are even downright angry - about being denied on a student loan. 

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Topics: Borrowing for College

Dealing with Overwhelming Student Loan Payments

Posted by Lindie Johnson on May 11, 2015 1:27:00 PM

If you read the news, you are certain to have come across stories of new graduates suffering with student loan debt. Integrating a loan payment into your life during the time after college and possibly before you have landed your dream job can become strenuous on your finances to say the least. However, studies show that despite the sky is falling news we hear about student debt, student loan payments are manageable for the vast majority of students. You can be one of these students too!

Read on to learn ways that you can take charge of your student loan payments and keep your head above water. 

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Topics: Borrowing for College

15 questions to ask before borrowing for college

Posted by Lindie Johnson on May 3, 2015 1:30:00 PM

Thinking about borrowing for college? Here are fifteen questions to ask first. 

1) Can I afford to pay it back?  

Take into account how much your monthly payments will be once you have completed school.  Estimate your starting annual salary here. Then determine how much your monthly payments will be here. According to your annual salary, can you comfortably afford to pay back your student loan?

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Topics: Borrowing for College

Making a college enrollment decision

Posted by Lindie Johnson on Apr 28, 2015 7:30:00 AM

Now that the college acceptance letters are pouring in, the waiting game is over. Getting accepted to college is a great honor that generates lots of excitement. However, once you come down from cloud nine, it's time to make some serious decisions.  Here are some tips on how to make the right college enrollment decision.

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Topics: College Financial Aid, Financial Aid Award Letters, College Planning, Parents and College Planning

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