Student Loan Basics

Рет қаралды 929

2 ай бұрын

Learn the basics of student loans with Chief Marketing Officer of College Ave, Angela Colatriano, and Founder of Road2College, Debbie Schwartz.
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Пікірлер: 3

@kristinayang2635 Ай бұрын

Can we borrow less than what the school is suggesting? And for the private loans if you take the whole year are the payments split up by semester then interest starts per semester or is one payment made in August/September and then interest starts there? Specifically this is for College Ave since they hosted this event.

@Road2College Ай бұрын

Yes - you can borrow less then what the school suggests. If you borrow an amount that covers the full year, you only start accruing interest when money is dispersed. The school will request what they need for each semester. So interest will only start accruing on the amount that is dispersed, not the full amount of the loan, until all the money is dispersed.

@Road2College Ай бұрын

It's better to apply for a loan to cover the full year so you know you have funds for both semester. The interest will only start on the amount that is dispersed.