The article states that you should borrow the maximum amount of federal loans available because they have a lower interest rate than private loans. This is not always the case. Parents need to shop around and explore their options. However, some federal loans are subsidized and private loans are not. If a student receives a subsidized Stafford loan and they still show unmet need in their award, they should ask for Perkins loan consideration. Like Stafford, the Perkins is a good loan since it is subsidized. The reason you ask about Perkins is that many colleges will not offer it in the initial award. If you want to know more, contact our office for the bottom line.
Finding the best scholarships starts with filling out the Free Application for Federal Student Aid (FAFSA). Even if you don’t think your financial situation qualifies, many institutional scholarships are sourced this way.
Let our experts give you the chance of the highest available amount of financial aid for your student. Receive your complimentary consultation when you fill out our online form.
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News Source: FOX News Latino