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Best way to make sure a college is good for your child?

Colleges has change when I was attending? Whats the best way to handle taking out loans

Answer Question
 
FayMeek

Asked by FayMeek at 9:57 PM on May. 16, 2011 in General Parenting

Level 10 (388 Credits)
Answers (4)
  • Talk to the financial aid people at the school they are attending.
    kaylan010

    Answer by kaylan010 at 10:03 PM on May. 16, 2011

  • Loans? Avoid them.

    If you must take a loan, go for the govt subsidized loans. But begin your financial aid work with FAFSA. Try to get as much 'free money' as you can -- grants or scholarships.
    ss_mom

    Answer by ss_mom at 10:08 PM on May. 16, 2011

  • I'd avoid taking out a personal loan

    get ur kid on FAFSA and get him going on that. Get all the money you can get and AFTER that goes threw see how much the remaining balance is with the school and if u can handle monthly payments ( the school will work with you on low payments) to avoid taking out an unnecessary loan.

    You can't really decide what is best for your child..but look for something that THEY are 100 percent interested in and comfortable with. Tour a bunch of colleges and ask they how well they are with the major he/she wants to go for.

    I made a HUGE mistake by never asking questions and doing my homework and now i am 10,000 in debt to a school for it!!
    SweetPoison

    Answer by SweetPoison at 10:34 PM on May. 16, 2011

  • yup, i had no councel and am now 90 grand in debt cause i went to a private school. GET SCHOLARSHIPS! and free money... they subsidized staffords then lastly go with the lowest interest you can find for private loans. In *MY* experience Sallie Mae are vulchers and citibank is really easy to work with.
    sarlove01

    Answer by sarlove01 at 12:09 AM on May. 17, 2011

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