Award letters tell you exactly how much financial support the school is able to provide for the upcoming year.
Sources
Sending a child to college can be one of the biggest expenses a family can incur. Whether you will be assuming a portion, or the entire responsibility for financing your child's education, we want you to have the information you need at your fingertips. There is more than one way to pay for your child's education!
Federal loans
Federal loans are the largest source of education loans. Loans available under federal programs have very attractive terms when compared to most other borrowing options-lower interest rates, the possibility of having interest subsidized by the federal government while the borrower is in school, the ability to postpone making payments, longer repayment terms, and less stringent credit requirements.
Private loans
Private loans are designed to bridge the gap between available funds and school costs. Considered alternative loans, private loans should be used to supplement federal loan programs. If you don't qualify for a federal loan or if what you were awarded won't cover expenses, a private loan might work for you.
To get a better understanding of education loan options, select one of the following subjects:
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