With the average student debt nearing $27,000 for a four-year degree, many recent college grads quickly find that their biggest…
Tag: federal student loans
Getting a standard four-year degree can cost upwards of $200,000, so it shouldn’t be a surprise that a majority of students who attend college – even those who attend less expensive community colleges – accrue some debt while studying. While scholarships exist for those who excel in the classroom (and for those who are willing to put in the time to search and apply for them), most people leave college with a hefty sum of money to pay back. This puts a lot of pressure on new graduates to find jobs immediately so that they can begin an often decade-long repayment process. However it is possible to streamline this repayment process. All you have to do is simply follow these tips.
Autumn signals the beginning of college preparation season, where parents and their high school students gather information about potential college choices, prepare essays and applications, and of course, consider how to pay for it all. Mention college-planning to parents and their first thought is usually how to get (more) financial aid. Find out what financial aid actually means, how it doesn’t always cover all expenses and why you should consider financial aid planning, from Certified Financial Planner Kevin Worthley.