Posts Tagged ‘student loans’
5 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…
Read More4 guidelines for taking on student loan debt
Identify the average starting salary for the field the student is planning to go into, and the family should not have any more than that number in total education loans. Considering a school that would leave you with $35,000 debt for an undergraduate electrical engineering degree? That would pass the test for an acceptable amount…
Read MoreCollege Inside Track Alumni Newsletter – Fall 2022
Student loans and loan forgiveness – Join us for a webinar exclusive to CIT alumni on Thurs, Dec. 1 at Noon CT, on everything you need to know about student loans and loan forgiveness. 3 ways to help an overwhelmed student – Former Stanford academic coach Adina Glickman provides terrific, practical advice for parents to…
Read MoreThe Parent Plus Loan: Pros, Cons, and Sneaky Financial Aid Offers
Check out this short video on the Parent Plus Loan, where CIT’s Cozy Wittman lays out the pros, cons, and some caveats related to this loan. Parents: carefully examine how your college leverages the loan in your financial aid offer! What are the real numbers? If the Parent Plus Loan sits about 2.5 to…
Read MoreInsider tips for the week of February 28, 2022
Types of loans available – Fred Amrein provides a good summary of the various loans that may be offered to families as part of a college’s financial aid package. Key learning: The Direct Federal Loan is the only one entirely owed by the student and is limited to a total of $31,000 over all…
Read MorePodcast: Navigating Student Loans
College Inside Track’s Cozy Wittman was a guest on the “Your Life, Simplified” podcast sharing her wisdom on navigating student loans. Getting accepted into the school of your dreams can be stressful enough, but then you have to think about how — and who — is going to pay for it. Cozy shares best practices…
Read MorePaying for college – 3 new strategies
COVID-19 has massively disrupted the college planning and paying for college process, which has created new opportunities for families to potentially reduce their cost. Here are three new college financial planning strategies to consider (as always, please consult with a financial professional to determine if any are a fit): Take advantage of low…
Read MoreCollege Inside Track Alumni Newsletter – April 2020
3 ways to help your college student transition home – Like so many parents, CIT’s Cozy Wittman unexpectedly had her daughter back home after her campus closed due to COVID-19. Take a few minutes to read her advice on how to make that abrupt transition a success. Federal student loan payments suspended…
Read MoreCollege Inside Track WI presentation on college financial aid and student loans
Click here to access the College Inside Track Wisconsin presentation on college financial aid and student loans
Read MoreInsider tips for the week of Nov. 4, 2019
Student Loans from A to Z – Trying to figure out the borrowing side of college? Road2College.com has a nice summary of student loans and pros and cons of each type. One important message: Students should always max out federal loans before looking into private loans, but you must fill out the FAFSA to qualify…
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