Parents

New Loans for Education

Parents often play an integral role when it comes to covering the costs associated with obtaining a college education. If your child is enrolled in college, or is preparing to attend, there are a few options available to help your child achieve his or her higher education goals.

The FAFSA is the key to federal aid, student loans and grants. However, when you need to fill in any financial gaps, a private education loan could be the best option. Parents can act as a qualified co-signer which can increase the chance of obtaining a loan that offers both lower interest rates and origination fees. ScholarPoint promotes a private education loan that can supplement federal loans and other aid.

Organizing Student Loan Debt

Consolidation Loans – If you have borrowed to help finance your child’s education using Federal PLUS loans or private education loans, you can refinance these loans to reduce your payment amount and make repayment easier.

The advantages of consolidating now are:

• Reduce your monthly payments
• Lock in today's low consolidation rate
• Organize college loans into one easy billing location
• Defer payments up to 3 years

T y p e loanconsolidation.ed.gov in to your browser to visit the DOE official website for Direct loan consoldiation. What? Sure, be eActive :)