Federal Student Loans
If by all means that it is possible, the best thing to do is to get a Federal student loan. Federal loans are readily available to students. Private loans are more expensive to pay back. If you can avoid private loan that will be highly recommended. The reason Federal student loans are so [...]
Evaluate Your Financial Situation
Record low interest rates have made payments more manageable, but that is all changing. Federal student loan rates are adjusted every July 1st, based on rates for short-term Treasury bills, which have been rising. If you are out of school and pay your student loans, you can shield yourself from higher rates [...]
Do not take on “impossibly huge” saving goals. Plan on saving 1/3 of the college cost beforehand, advises Robert Franck the well-known college advisory service, chief college expert at the Princeton Review.
Then you should borrow 1/3 using a combination of parent and student loans.” Financial advisers also suggest that kids contribute, saving large monetary gifts [...]
