If you possess excellent credit and intend to pay down a college loan fairly aggressively, taking out a private college loan can make sense. People with sterling credit can get better interest rates going this route than with the federal Parent PLUS Loan. Here are eight things to know about private college loans: 1. Check [...]
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Why Private Student Loans Are Scary
On my college blog this week, I’ve been focusing on what you need to know about borrowing for college. If you missed them, my previous two posts shared advice on federal student and parent loans: What You Need to Know About Borrowing for College How Parents Can Borrow for College Today I’m exploring private college [...]
How Parents Can Borrow for College
Are you a parent who needs to borrow for college? Most of the attention is focused on college loans that students take out, but there are parent loans as well. In case you missed it, I wrote about federal student loans in my last college blog post: What You Need to Know About Borrowing for [...]
What You Need to Know About Borrowing for College
As recently as the early 1990s, most students did not take out college loans. Today about two out of every three students borrow to pay for college. One reason for the dramatic change is this fact: during the last-quarter century, tuition has risen four times faster than the consumer price index. The typical student borrower [...]
When Two Children Head to College
Yesterday’s post, which explored the school options of a brilliant teenager from Wisconsin, generated many insightful comments from parents. Here is the post: Should a Kid Borrow $80,000 for a Brand-Name University? If you missed the post or the comments, I’d urge you to check both out. To summarize, the teenager managed to get admitted [...]
Should a Kid Borrow $80,000 for a Brand Name University?
I am sharing an email that I received Tuesday from a Wisconsin mom, who is stressed about the admission decision that her teenage son must make by May 1. What follows is a cautionary tale for any families which have not been through the college admission process yet. Read on to discover how to avoid [...]
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About Lynn
In addition to writing her nationally known blog here on TheCollegeSolution.com, Lynn O’Shaughnessy is an author, higher-ed journalist, speaker and college consultant. Lynn writes about college strategies for CBSMoneyWatch and US News & World Report. She's the author of The College Solution, an Amazon.com bestseller and... Continue Reading...
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