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| INTEREST RATES...ON THE DOWN LOW |
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We'll level with you, there's not been that much good news out there in the world recently, but you gotta take it where you can get it!
So, when we heard that students taking on federal loans will be encountering the lowest rates ever...we had to celebrate!
How will that pan out, really? Read here for more information. |
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| POUNDING THE SUMMER PAVEMENT, ONLINE |
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The pandemic is complicating everything these days, and that includes the summer for so many students who anticipated working and earning some cash for college.
Not only is it physically impossible to look for a job, but the "pool" of choices is limited as well. We've rounded up some ideas and resources that will help. How to Find a Summer Job During the Pandemic lists them all. |
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What’s Up Ahead On the Road...
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For 10th & 11th Grade: THE COLLEGE LIST DRIVES EVERYTHING
What list is that, you may ask? The list of schools your student will be applying to.
Building it takes some skill, and that's why it's the most important part of the college journey. When created correctly, the college list will ensure you and your student are on the road to academic, social, and financial college success.
Our Build Your Perfect College List program will be launching soon, so click here to get on the waitlist, and be one of the first to hear about when the program will begin.
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For 12th Grade & College Students:
TIME TO UNDERSTAND LOANS
This is the time of year, as you're getting to the finish line of deciding where your student will go to college, when you need to turn your attention to - "how the h@$$ am I going to pay for it".
SHOP AROUND!
Just like with any other big purchase in life, it's important to shop, gather information, and compare your options.
Start getting an idea of how much private interest rates are compared to the parent plus loan (which is now 5.3% but with an origination fee of 4.236%). The best way to gather your information is to apply to several lenders and then compare. There are also a few student loan marketplaces ( Credible is popular with many families). The marketplaces are good sites to check but understand that not ALL lenders participate in these marketplaces, so you may be missing out on potentially better rates if you don't apply directly to some lenders. It's worth your time to get all the information you need to make a smart decision.
We'll continue to share more information on loans and how they work in the coming weeks. |
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LENDER I RATES (APR)
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CommonBond I 1.70% - 7.68% *
SoFi I 1.57% - 10.23%*ª
College Ave I 1.49% - 11.98%*
Citizens Bank I 1.54% - 9.65%*
Sallie Mae I 1.50% - 9.66%*
LendKey I 2.99% - 6.95%*
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*Variable rates as of 5/12/20, fixed rates may differ.
ªRoad2College followers will receive a $250 principal paydown when taking out a SoFi loan only when applying through this link. See more info in the email attachment.
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For 9th, 10th & 11th Grade:
EDUCATED CONSUMERS UNITE! |
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During the past few months we have learned how crucial it is to be armed with solid information about our health and safety.
That is true about the college admissions process as well.
In the case of the latter, it’s not a matter of life and death, however, being an educated consumer when it comes to going down the road to college will definitely impact your family’s life...for the better.
Our Road2College Concierge Services give you access to experts, community, tools, and resources you won’t find on your own.
Working together, you’ll be able to make smarter college decisions in detailed areas of college admissions and the financing process. You will get expert step-by-step guidance without having to pay an exorbitant price.
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| My goal is to always provide you with affordable services, insightful information and access to actionable data to help you make more informed college decisions.
Feel free to respond to this email with any questions you have. |
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| Debbie Schwartz Founder, Road2College I'm a parent, like many of you, navigating college admissions and paying for college. With an expertise in personal finance, analysis, and marketing, I'm working to give families the information and tools to make smarter financial college decisions. |
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If this newsletter no longer fits your needs, consider receiving our new newsletter, focusing on financial issues related to students currently in college or recently graduated.
Road2College may receive affiliate compensation on items purchased through our links. |
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