College Loans - Financing Your Education
Introductory Advice for College Students and Parents
Here at Guide4Home, we offer the best no-nonsense student advice to get you started with financing your education.
You’re all set to go to college. Although this is going to be one of the most exciting and enriching times of your life, it is also going to be one of the most expensive.
Whilst many of us begin to put money aside years in advance for our education or for our children’s education, sometimes it is just not enough. And with educational costs rising and governmental grants becoming more and more difficult to come by, it is only a matter of time before only the financial elite can afford to put their children through college.
To bridge the gap, there is the option of borrowing money via a student or college loan. If you’re considering taking out a college loan, you are by no means on your own; loans account for over 50% of all financial support in the USA and this figure is rising year on year.
So where do you go from here?
Guide4Home college loans want to give you the facts. We are not trying to sell you a loan or to advocate any particular type of loan. We want to give you no-nonsense information to help you make an informed choice about how to go about financing your education. There may be some options you haven’t yet considered, or perhaps you have already graduated and are now looking for information on how to repay you loan, for example, by deferring repayments for a few months or through consolidation.
For a full overview of the current loans system for US students, click here. Parents will also find our guide useful, particularly our section on college loans for parents.
If you do decide that you want to go ahead and apply for a loan, there are some contact details within our lender directory and throughout the website that you may find helpful.We all know that education is a sound investment. What you spend on your schooling now is likely to pay dividends in the future, not only in a financial sense but also in terms of helping you realize your full potential within your career and in life in general. Taking out a loan to help you finance your way through college makes sense for lots of people, and isn’t necessarily going to put you in debt for years and years to come. As long as you are sensible about the amount of money you borrow and ensure that you get the best deal possible by shopping around, you should be able to repay the loan with minimum cost and difficulty.