As everybody knows, getting a college diploma is important to the building a bright financial future. The cost of getting an education is increasing also. With the average total cost at U.S. universities reaching close to 25K for private & over 10K for public colleges, it becomes obvious why financial aid is an important topic for parents & students.
At Collegester, we've been through college & know what it takes to finance a degree. Here at some common options for those seeking loans to cover the cost of rising tuition and room & board. Each features low interest rates & deferrable payments:
Federal Stafford Loan - the most common undergraduate loan; features low interest
Federal PLUS Loans - a loan for parents; borrow up to the cost of your child's education
Perkins Loan - a federal loan to students with need