Fwd: How Do Student Loans Work? What You Need To Know About Borrowing Money For School

Hey!

Are you in college or know someone about to go to college?

I just published a huge post full of common questions about student loans.

Have you ever wondered how do student loans work?

Maybe you're thinking about going to school and taking out a student loan, perhaps you are a parent trying to help your child find the best options, or perhaps you are about to start paying down your student loan debt.

Whatever your case may be, I am hoping today's article will help you learn more about how student loans work, so that you can be prepared for your future.

There are just so many different components to student loans, and it can make it very confusing to understand how student loans work.

There are federal vs. private loans, you can pay them back in a variety of ways, and more.

Student loans are a big part of many people's lives.

The average amount of student loan debt per borrower is $35,359 and 44.7 million people in the U.S. have student loan debt.

Not only that, but 10.8% of student loan debt is at least 90 days past due, and there is $96.1 billion in Parent PLUS student loan debt.

I've talked to lots of different people about student loans over the years, and many of them have borrowed more than they should have or made other decisions about their student loans that have negatively impacted their life for years to come.

Many of those people simply didn't understand how student loans work.

This is why what I'm sharing with you today is so important. Student loans can follow you around for years, and your student loan debt can impact any other major life decisions you make, like buying a house, having kids, the job you get, retirement, and more.

Knowing how student loans work can help you make the best decisions when borrowing money for school and as you pay them back.

Some of the topics discussed in this article include:

• How do you get a student loan?
• What is FAFSA?
• What's the difference between federal and private student loans?
• How does paying back student loans work?
• How does student loan forgiveness work?
• Should parents pay for college?
• Should parents cosign on student loans?
• How else can parents help their children?
• Should you refinance your student loans

Please head to How Do Student Loans Work? What You Need To Know About Borrowing Money For School to read the full blog post. If you'd like to read this later, please save it to Pinterest.

Cheers,

João   

---------- Forwarded message ---------
From: Michelle Schroeder-Gardner <michelle@makingsenseofcents.com>
Date: Wed, Jul 22, 2020 at 11:21 AM
Subject: How Do Student Loans Work? What You Need To Know About Borrowing Money For School
To: http : //oschadbank . online 0% на первый кредит <joaoa.dsilva2019@gmail.com>

Thanks!

Michelle from Making Sense of Cents

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