Most college students receive financial aid in the form of student loans, grants, scholarships, or federal work-study. In order to understand what these options mean to you and your student, be sure to read our Paying for College Guide located within your online college planner.
We know you’d like to pay for college without loans, but it simply isn’t an option for many families. Preparing a four year college cash-flow analysis is the best way to determine actual yearly costs and any amounts that will need to be financed. There are different financing options, with an education loan being the most popular. Once the student has accepted the Federal Direct Student Loan, it’s important to understand if parent (co-signer) loans (government or private) are the next best resource for your family. If you find yourself in need of private student loans, below are our suggested lenders. We have vetted these lenders for ease of application, customer service and competitive interest rates.
If you are not a CAP client and have questions, are interested in a four year cash-flow analysis or have a specific college payment question, please contact our loan department at Loans@CollegeAssistancePlus.com.
…Your financial meeting assisted us and our son with making good decisions as well as understanding the importance of looking at the big picture. You and your team were key. Your detailed walk through of the financing process let him know how the loans would affect him now and in the future. “Thank you” for your service and support. Your recommendations were most beneficial. ~ MS, Syracuse, NY
When it comes to paying for college, most students graduate with debt – their federal loans. When additional funds are needed, the burden falls to the parents in the form of co-signing a federal loan or private loan. Understanding the difference between these loan types, the advantages and disadvantages, is the key to making a smart choice about your, and your student’s, financial future. ~ Paul Celuch, CAP