What is an unsecured loan?
TL;DR: An unsecured loan is a type of loan that doesn’t require collateral, meaning you don’t need to pledge any […]
Resources
Resources students can go to for help and to do research about the college application process.
What is a secured loan?
TL;DR: A secured loan is a type of loan backed by collateral, which is an asset you pledge (like a
What is interest?
TL;DR: Interest is the cost of borrowing money, usually expressed as a percentage. When you borrow, you pay interest to
What is a Standard Fixed Repayment Plan?
TL;DR: A standard fixed repayment plan is a loan repayment option where borrowers make the same monthly payment for a
What is a Graduated Repayment Plan?
TL;DR: A graduated repayment plan is a student loan repayment option where payments start low and increase over time, usually
What Are Private Student Loans and When Should You Use Them?
TL;DR: Private student loans are issued by private lenders like banks, credit unions, and online lenders, rather than the government.
What Are Student Loan Options for Parents?
TL;DR: Parents who want to support their children’s education can explore several student loan options, including federal Parent PLUS Loans,
What Are Federal Perkins Loans?
TL;DR: Federal Perkins Loans were low-interest, government-funded loans specifically designed for students with exceptional financial need. Although the program ended
What are Direct PLUS Loans?
TL;DR: Direct PLUS Loans are federal loans for parents of undergraduate students or for graduate/professional students. They help cover education
What is the Difference Between a Graduated and a Graduated Extended Repayment Plan?
TL;DR: A Graduated Repayment Plan starts with lower payments that gradually increase every two years, helping borrowers manage early financial