When your child is born, the last thing you are thinking about is college. Instead, you are worrying about diapers, child proofing, and assorted other parental dilemmas. But, before you know it, time passes and that important milestone is upon you. Paying for college is a scary endeavor, and I am partnering with College Ave Student Loans to bring you information that can help you make a college education a reality.
Right now my son is deep in the college search process, and I am already worrying about how we will afford to pay for it. Sound familiar?
Once the excitement of applying and being accepted to your child’s college of choice is over, reality sits in. Many a parent has probably lain awake at night asking these questions:
How will we pay for college?
Will our child qualify for scholarships?
Will the school give us any aid?
Trust we when I tell you that it is something every college-age student’s parents think about. All the information that you receive when you visit a college kind of ends up in a blur.
A quality college education comes with a high price tag. Financial aid letters will be arriving soon, but will they be enough? A private student loan is something your family may be considering, so start doing your research now. Getting a head start now will allow you to make sure that your credit is in order. If there are mistakes, it can take up to 90 days to correct. Because kids generally don’t have any credit of their own, a parent’s credit report will determine if a loan is accepted and what interest rate it will carry.
Having the best credit possible will help you to secure a private student loan when you need it. Did you know that College Ave Student loans has connected with Experian in a limited-time partnership to help families preparing for college with a “credit health check”? Take advantage, the earlier you can start the better.
More About College Ave Student Loans:
Securing a private student loan does not have to be a scary process. College Ave Student Loans provides a complimentary, personalized, one-on-one credit education session that consists of one in-depth 35-minute phone call with an Experian Credit Educator agent. During that call, parents will receive a copy of their Experian credit report(including the score) and a personalized, step-by-step walk-through of the report. They will also receive tips that may improve their credit score and insights for future credit management decisions.
I know that having all that information in front of me helps me to understand things so much better. Here are a few more tips I have learned during this process:
- If you don’t understand, ask questions! And keep asking them!
- Start early! This is especially true when your credit may not be ship-shape. By starting early, and using the advice provided in the information phone call, you can make sure you put yourself in the best position. This includes having a co-signor ready to go.
- Shop around for the best student loan options. College Ave Student Loans offers multiple ways to lower the cost of the loan. Very important when you need to make every penny count.
- Always ask questions when you don’t understand! Yeah, I mentioned that first, but it is important.
College is such an exciting time, and I look forward to seeing what my son will accomplish in the future. And while the thought of financing his education is a scary thing, thanks to programs like College Ave Student Loans, I will have everything I need to make a sound financial decision.
*This is a sponsored post written by me on behalf of College Ave Student Loans.