When delving into the world of private student loans, you may discover that many lenders mention a “co-borrower.” A co-borrower is someone who applies for the loan with you and is equally responsible for ensuring it is repaid. A private student loan will be held in your name as the [...]
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So far Sarah Miller has created 10 blog entries.
When you receive your award letter from your college of choice, you’ll see a couple of important numbers listed – the estimated cost of attendance (COA), and any financial aid for which you are eligible, such as scholarships, grants, and federal loans/work study. What is Cost of Attendance (COA)? The [...]
If you’ve exhausted scholarships, grants, and Federal Direct Loans to cover college costs and are still left with funding gaps, you might be considering Federal Direct PLUS or private student loans. There are some key differences between the two loan types that are important to understand – we’ve outlined the [...]
Let’s face it – no one is accepted to college and thinks, “I can’t wait to pay my tuition bill!” College is a big investment, which is why it’s important to know your options, plan ahead, and choose wisely when paying for it. (Remember that filling out the FAFSA, which [...]
Paying for college can seem overwhelming - and trying to decipher the jargon that goes along with paying for college can be even more confusing. The Federal Student Aid Information Center is a great source of information for all things financial aid, and it provides an extensive glossary outlining the [...]
You’ve received your college acceptance letters – congratulations! If you’ve been accepted to multiple schools, one of the biggest determining factors for your final choice may be the out of pocket cost for each option. Along with your acceptance letters, you should receive an award letter outlining the financial aid [...]
When searching for private student loans, you may find some lenders offer both a fixed and a variable rate option. What does this mean, and what are the pros and cons of each? Fixed Interest Rate A fixed rate loan is exactly as it sounds – the interest rate is [...]
Updated March 1, 2021 With the extension of certain federal loan repayment measures through September 30, 2021, many borrowers may be wondering what this means for their loans, and if they should continue making payments if they are able. Full details are available at https://studentaid.gov/announcements-events/coronavirus, but below we have shared [...]
Given the current state of the economy, there’s a good chance your family’s financial situation has changed since you completed your FAFSA. With award letters from colleges already in your hands, how do you request additional financial aid to cover your college costs? Our partners at Edmit have outlined the [...]
You completed the FAFSA. You received scholarships through your high school. You and your parents reviewed your financial aid award letter from your college, and decided to take out federal student loans to pay for college. Now your tuition bill is due, and there's still a remaining balance - what [...]