My oldest son will be 13 in just a few short months. He’ll be an official teenager, and that’s a big age. Right now, he’d still prefer to just play video games and live with mom for the rest of his life. Before I know it, though, that will all change and we’ll soon be preparing for college, with his brother and sister not far behind him. That’s 3 kids in college, which is an overwhelming thought as well as quite the expense. As such, I better start thinking about our financing options and how to save as much money as possible.
If you find yourself preparing for college and know you may need help, College Ave Student Loans makes the student loan process easy, simple and clear with more flexibility to fit your specific financial situation than many other private parent loans. Beginning with their student loan calculator, with a few clicks you can quickly find out how much you’ll need for your college student, what you’ll need to do to get there, and how long you’ll be paying it back.
In fact, the College Ave Student Loans Parents Loan offers savings over Federal Plus Loans. With no origination fee and a lower fixed interest rate than the federal program, College Ave Student Loans new parent loan offers qualified parent borrowers an average savings of $1,000 vs. the Federal Direct Parent Plus program.
There’s also the option to get up to $2,500 deposited directly into parents’ bank accounts so they control the spending for extra education expenses that your student will really need like books, electronics, dorm supplies and more. Parents also have the option to start paying in full right away, or to limit monthly payments while the student is in school, and to pick their own repayment terms from 5 to 12 years.
While we have a few years before we need to start filling out applications and forms, it’s still best to start preparing for college early. Making sure our credit is in check just in case we may need private financing is one way that we can take action now!
College Ave Student Loans, a leading online student loan marketplace lender, and Experian®, a leading global information services company, are offering a limited time joint offer of a credit health check — a complimentary, personalized credit education session with an Experian Credit EducatorSM agent — to families preparing to pay for college. The personalized credit education session offers an in-depth, one-on-one, 35-minute phone call with an Experian Credit Educator agent. During the session, parents will receive a copy of their Experian credit report and score and a personalized, step-by-step walk-through of the report, as well as examples of actions that may improve their credit score and insights for future credit management decisions. Find more information about the free credit education session here.
I was selected for this opportunity as a member of Clever Girls and the content and opinions expressed here are all my own.