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The deposit (or second year payment) is in, and you and your student have made the best decision possible about what school to attend in the fall, given the pandemic.
So, now that you've had some time to think about it...are you having cold feet? We asked a number of members of our Paying For College 101 Facebook group this question, and you might be surprised at their answers. |
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| Dropping by to Talk About Interest |
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We have been hard-pressed to find some "good news" to talk about these past few weeks, but if the dropping of interest rates is it, we'll take it!
Keep in mind the rates mentioned are federal rates, but, these rate cuts will most likely drive down private lender rates as well. Read more about how to benefit from this drop here.
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Compare Rates Among Lenders
If you need to borrow money to pay for college, now is the time to gather as much information as you can before you're pressed to make a decision of where to borrow.
Use the links below to get prequalified and/or submit an application to find out the interest rate you'll receive. If you do all your loan shopping (including submitting applications), within a 30 day window, the credit bureaus do not penalize your credit score for submitting applications to multiple lenders.
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LENDER I RATES (APR)
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SoFi I 1.3% - 10%*ª
$250 bonus towards loan principal
CommonBond I 1.43% - 7.51% *
College Ave I 1.49% - 11.98%*
Citizens Bank I 1.29% - 10.60%*
Sallie Mae I 1.50% - 9.66%*
LendKey I 1.25% - 9.44%*
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*Variable rates as of 6/10/20, fixed rates may differ.
ªRoad2College followers will receive a $250 principal pay down when taking out a SoFi loan only when applying through this link.
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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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Road2College may receive affiliate compensation on items purchased through our links.
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