Families can feel more confident in their college financing plan with these tips. Story from CollegeAveLoans
When it comes to their ability to pay for college, many American families are unsure that they’ll be up to the challenge and could use more tips and guidance on the process.College Ave Student Loans
“The price of college has been going up at double or more the rate of inflation for years now,” she said. “It’s completely understandable that a lot of people look at the sticker prices and feel like, ‘How am I supposed to do this?’” You can also consider temporarily cutting back on costs to increase the percentage of your budget that you can devote to tuition; given COVID-19 related closures, consider transferring part of your usual food and entertainment budget to apply to college costs instead.“It’s very important as you go into the student loan market to have an understanding of how student loans work,” Chatzky said.
Also make sure to look for a provider that offers flexibility when it comes to repayment options, so that you’ll be more likely to find a student loan term and plan that fits your monthly budget. You also want to find a company known for good customer service, as you may be working with them for the next several years as you pay off your loan.
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