"What type of loans did I sign up for?!"
We'll review the different loans types so that you can understand them better as well as what repayment options there are.
What you'll learn:
General FAFSA Info
Different Loans Types
Federal vs Private
7 Repayment Types
What else you'll get:
A chance to win $250 in textbook credit for attending all 5 sessions, courtesy of SFS.
Other workshops in this series:
Budgeting for an Emergency (like COVID) - April 6, 2021
FAFSA & Scholarships - April 20, 2021
Loans and Loan Repayment - May 4, 2021
What is Interest? - May 18, 2021
Strategies to Save - June 1, 2021
Speaker:
Andrea Schröer, Financial Literacy Specialist at La Sierra University, Riverside, CA
Loan & Loan Repayment Pro Tip:
Start paying your interest now.
Your first handful-s of payments will go toward your interest (the money you agreed to pay for borrowing the loan) before it starts to impact the principal (the lump sum you took out to pay for school). Start getting in the habit now by setting up autopay toward your student loans of $20 or whatever you can afford.