Monday, May 14, 2007

Understanding College Loans

The Associated Press's primer on borrowing for college appears this week in Business Week magazine, on Yahoo, and in quite a few other publications. This is probably one of the easiest articles to understand about loans for college. It's written in plain English in a question and answer format.

SAMPLE:
Q: Where should I look for a loan first?
A: That one's easy: Uncle Sam.
The federal government helps students borrow in several ways: through direct loans, by subsidizing interest payments, and by encouraging private lenders to lend to students. Which of these programs you qualify for depends on your school and level of need.
In virtually all cases, government loans are a better deal than private loans, so max them out before borrowing elsewhere.

There are several useful LINKS at the end the article.

Thanks to site team member Ms. Smith for this article.

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