College Loan Information
It is recommended you wait until you receive the final financial aid award letter and scholarship notifications from colleges to make decisions about loans. Timeframe most receive the final financial aid award letters is March/April or the senior year. Upon receipt, you will have more information about your actual cost gap or money needed.
Below are some websites to give you the basics of college loans and alternative payment options:
Student Loan Guide - this guide will offer valuable information about student loan options for future college-going students. Thank you, Taylor, from Apex HS, for sharing this website from your research with all of us.
Federal vs. Private Student Loans: Key Differences | College Ave - click link to read article explaining the differences.
Federal Loan Information - Federal_Student_Loan_Basics_College_Covered.pdf
Parent PLUS Loans | Federal Student Aid - information about federal loans for Parents who are assisting students with college.
Manage Loans | Federal Student Aid – terms of loans and repayment options for Federal Loans
NC Assist Loan for Students & Parents
NC Assist Loan - College Educations Transform Lives. Learn How NC Assist Loans Finance the Cost! The NC Assist Loan Finances Your Education Expenses. Learn More and Apply Now!
Up to $120k for Undergrad · Access Our Resources · No Application Fees · Open to All NC Students
Types: Student Assist Loan, Parent Assist Loan, Graduate Loans,
Parent Student Loans | NC Assist Loans - Information on NC Assist Loans for Parents of students attending a NC College or University
Private Loan Information - Private-Student-Loan-Basics.pdf (collegecovered.com)
Alternative Ways to Pay For College or Fill the Gaps:
Ask the College Financial Aid Department if the college offers a payment plan - since this is a monthly way to pay your bill, often there are no interest charges as long as you meet their payment terms.
Alternate_Ways_To_Pay_for_College.pdf (collegecovered.com) - other ways to use equity and savings to pay for college and university.
PowerPoint Presentation (constantcontact.com) "How to Maximize College Loan Options" - presentation from NC State Education Assistance Authority
Click the College Cost Comparision Excel Sheet link below to input your costs to compare between schools the total projected costs with annual tuition increases, college loan rates and how these factors affect total college cost. https://docs.google.com/spreadsheets/d/1sbH4SqHIKzRGFTOeiQm22aFaZbbiPdnJ/edit?usp=sharing&ouid=116472536822529533888&rtpof=true&sd=true