June 2015 Newsletter

June 2014 Financial Aid News Graduation

Tips for Comparing Student Loans

After scrutinizing your college bill, and consider federal student loans, you may find that you come up a little short. In that case, make sure you know what to look for in a private loan. Here are some tips to help you compare your options.

  • Look at the Annual Percentage Rate (APR). APR includes loan fees and is a better comparison point than interest rate alone.
  • Know your fees and limits. Compare origination and application fees, along with any borrowing limits.
  • Find a cosigner with great credit. More than 90% of approved private loan borrowers applied with a creditworthy cosigner.

See My Loan Options

Late Deadline Scholarships

This monthly section of the Edvisors Financial Aid Newsletter features an intriguing list of scholarships that share a common characteristic. We hope this section will make you smile and inspire you to apply for more scholarships.

  1. The Richard G. Zimmerman Journalism Scholarship
  2. The Joe Foss Institute Scholarship Program
  3. Gen and Kelly Tanabe Scholarship
  4. American Fire Sprinkler Association Second Chance Scholarship
  5. BigSun Scholarship

Monthly Stats

$35,000

The average student-loan debt for a Bachelor's degree recipient in the class of 2015

Ask the Edvisor: Your Questions, Answered

Question:

Can my grandfather borrow a Federal PLUS loan instead of my parents? My mother says her credit scores are probably too low to qualify.

Get the answer from the financial aid experts at Edvisors.

Twisdoms

Parents should borrow no more for all their children than their annual income.

Term of the Month

Satisfactory Academic Progress

Continued eligibility for federal student aid requires the student to be making satisfactory academic progress (SAP) toward a degree or certificate.

See more terms in the Edvisors glossary.

Hot Money Tips

If you need help in filing the FAFSA, download our free guide.

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