When it comes to getting a college education, students and parents often feel intimated by the price tag and prospect of debt. Private loans are one way to ease that stress and plan a budget for college.
Here are some tips to make sure you’re getting the most out of your student loan:
1) Consider a cosigner, since private loans are credit-based, to boost chances of approval.
2) Choose the plan with the right interest, which requires you to know the difference between variable and fixed rates.
3) Consolidate your federal loans to keep track of payments after graduation.
– Hannah Fier, Goodwin Group PR