Posts Tagged ‘parent PLUS loan’
Insider tips for the week of September 5, 2022
Scholarship reduction – The dirty little college secret – CIT’s Chris Wills explains how scholarships your student wins can actually result in a scholarship reduction elsewhere. The Parent Plus Loan: Pros, Cons, and Sneaky Financial Aid Offers – CIT’s Cozy Wittman lays out the pros, cons, and some caveats related to this loan. How might…
Read MoreFederal student loan rates fall to lowest on record
For some good news amidst the current pandemic, the federal direct student loan rates are falling to the lowest interest rates on record for families taking on federal student loans this year. Undergraduate rates for the 2020-2021 school year will be 2.75%. This is a reduction of 1.78% as compared to the 2019-20…
Read MoreInsider tips for the week of Oct. 7, 2019
Are you a guilted parent? – Saying no to our kids is hard, especially when it has to do with their education and future. Lynn O’Shaughnessy writes an important article on parents feeling guilted to pay for a college their teenager wants, but they may not be able to afford. 6 questions that should be…
Read MoreInsider tips for the week of June 17, 2019
How to help your teen be college-ready – Being admitted to college doesn’t mean a student is ready for it. Check out this important read from the New York Times, which explains how parents can encourage kids to step up their levels of personal responsibility while still in high school. 5 people worth talking to…
Read MoreFederal student loan interest rates drop for 2019-2020 school year
There is finally some good news for a change when it comes to college costs. For the first time in three years, interest rates on federal student loans will drop for new borrowers for new loans made on or after July 1, 2019. Rates dropped over a half a percent from the previous year. New…
Read More5 things most families don’t know about before taking out student loans, but should
1 $31,000 is the maximum amount dependent undergrad students can borrow in federal direct student loans. Annual limits are: $5,500 in year 1 $6,500 in year 2 and $7,500 each subsequent year until the $31,000 overall limit is reached 2 You must complete the FAFSA to access the Federal Direct Student Loans and the Parent…
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