College financing
September 26, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Valerie, I consider you an expert on college financing. With three sons in college at the same time, you’ve used your research to help other families as well.
V While we recommend avoiding school loans at all costs, it may be a necessity. The best rates are subsidized loans and grants offered by the Federal government. October 1 of each year, the government opens theFree Application for Federal Student Aid (FAFSA) Yes, it is a tedious and time consuming form requiring your previous years tax records. At this time a student can borrow no more than $31,000.00 of these through their entire undergraduate time.
This means planning, not splurging. Borrowing more will mean using sources whose rates are higher.