Have you thought about paying for college? As college costs become increasingly expensive for both parents and children alike, the subject has almost become taboo. My mom was a single parent and the idea of paying for college for my sister and I was absolutely terrifying. By the time we graduated high school, mom was completely unprepared to help my sister and I defray the cost of college. Luckily, my sister had a full ride to a great school. For me, I took out student loans I am still paying for decades later. Are you financially prepared for college? If not, there is still hope! With College Ave Student Loans, you can rest assured they have some answers and options to help you with that burden.
Let’s discuss …
- Public or Private: Discuss the pros and cons of selecting a private or public school for your child, allow them to take part in this discussion as a means to shed light on full costs that both parent and child will ultimately be responsible for.
- Check for Scholarships: While College Ave Student Loans offers flexibility to fit your specific financial situation, there’s still a need for you to check around for applicable scholarships that may be available for your future college student.
- Consider Cosigning: Instead of taking on full responsibility of your future college students’ financial burden for college, consider getting a loan where you cosign so that your student shares some of the financial commitment to their education.
- Work Part Time: Your college student should have already held some sort of part time job, if not, they should start thinking about working part time as a means to help financially support their college education.
- Review Credit Scores: As with most loans a good standing credit score will matter, College Ave Student Loans are offering a limited time joint offer of a credit health check – a complimentary, personalized credit education session with an Experian Credit EducatorSM agent.
Finding The Right Time To Talk About Paying For College
When deciding on how to share the information from College Ave Student Loans with my friends and family, I wanted to do so in a casual setting. Talking about such an important subject is always easier when you are breaking bread, right? We decided to have a pizza party at our favorite restaurant when we were visiting my daughter and her fiancee in Atlanta. We also invited my “adopted” daughter, who has been my daughter’s BFF for more than 20 years. She is absolutely a part of the family and she is expecting her first baby soon. My daughter getting married next spring and they have already talked about starting a college fund for my future grand babies!
I felt this was the perfect group to discuss how to pay for college. I felt the three of them would be very interested in learning about their financial options when it came to putting their children through college. It is best to talk about this earlier rather than later. I have a child who is a senior in high school next year and we are not prepared to pay for college at all. What a fun pizza party we had! The food was good, the company was better and talking about paying for college came easy.
Demystifying The Student Loan Stigma
After we finished our soft pretzels, pizza and calzones, it was time for Amanda to open her baby gifts. As you can probably see, she was super excited with what we chose for her and her little baby. Next, it was time to talk about College Ave Student Loans and how they could help Amanda, Chelsea and Mike with the cost of college for their kids. Loans College Ave Student Loans makes the student loan process easy, simple and clear so students can get on with what matters most: a bright future.
Some Of The Perks Of College Ave Student Loans
College Ave Student Loans has launched a service called New Parent Loan, which offers savings over Federal Plus Loans. With a lower fixed interest rate than the federal program and no obligation fee, this loan option offers qualified parent borrowers an average savings of $1,000 vs. the Federal Direct Parent Plus program. With that being said, how do you fully prepare yourself financially for college? Most colleges are requiring a portion of tuition being the parents’ responsibility, so how can parents and students be ready?
With this in mind, parents have a couple of options on loans:
- Option to get up to $2,500 deposited directly into parents’ bank accounts so they control the spending for extra education expenses like books, electronics, dorm supplies and more.
- Parents also have the option to start paying in full right away, or to limit monthly payments while the student is in school, and to pick their own repayment terms from 5 to 12 years.
With a variety of options as well as flexibility to meet your needs as a borrower, College Ave Student Loans has your back when it comes to preparing financially for college.
How are YOU preparing for your child’s college tuition and expenses?
I was selected for this opportunity as a member of Clever Girls and the content and opinions expressed here are all my own.