New Information About Private Student Loans on HESC.org
Anne Doyle
Those of us in the financial aid business know that even after taking full advantage of all the federal, state and institutional aid for which they are eligible, many students experience a funding gap which they seek to bridge with private loans.
HESC.org recently launched a new “Paying for College” section to help students and parents gain the knowledge they need to make smart borrowing decisions about private loans. Topics covered include:
- Interest rates
- Loan fees
- Interest capitalization
- Questions to ask before taking out private student loans
Also included is a private loan calculator that enables students to enter interest rates and loan fees to see how these factors affect the total cost of the loan.
Encourage your students to visit HESC.org for more information about private loans.