Even before college applications are due, many students are worried about how they will afford their postsecondary educations. Once the enrollment deposit is in and the initial stress of finding funding has passed, however, it’s easy to forget about how some forms of financial aid – namely, student loans – require repayment starting about six months after graduation. Here are a few tips to follow so you’re prepared when this time comes.
When applying for loans, there are three standard loans you can receive. There is the Direct Subsidized Stafford loan (which doesn’t charge interest while you are in school), the Direct Unsubsidized Stafford loan (which does charges interest while you are in school) and the PLUS loan (which requires a parent or co-signer. Repayments for [...]