Having tried to find ways to finance our own graduate school experience, and now trying to help our college attending children to find a way to finance their graduate school education I was pretty excited to work with and learn about College Ave Student Loans, which offers an alternative to the Graduate Federal Direct PLUS Loans. It’s been many years since I worked with at the University of Dayton and the University of Tennessee so there’s a whole new world of financial aid out there and while I knew a lot about school finances then, there’s even more to learn now especially when my “kids” are deciding about graduate school in an effort to be more competitive in their chosen field. The big question as it always is, “How can they afford it?”
A lot of people think that graduate school is a good idea, but just don’t know how they are going to afford it. Sure there are options which may help like being a resident advisor or a graduate assistant, but those jobs are competitive and can be hard to come by. As someone who has lived off that, it’s not a whole lot of money either, but at least your tuition is paid.
Then there is federal financial aid. If you are even thinking about graduate school you have already spent some time with the FAFSA process so already know how that program works. But there is another loan alternative with College Ave Student Loans. The process with College Ave is simple and straightforward. You can quickly find out your alternatives,from the length of the loan, the interest rate and even the payment terms and conditions. But more importantly you can actually save a whole lot of money too.
The College Ave application is quick and easy. You can complete it online in just minutes and get answers fast. If you want to just get a general idea of what your options are I recommend spending some time with the graduate calculator. It really didn’t get any easier than that. I was able to select all of the options available and quickly change them. For example, I added a $25.00 a month payment for while they are in school. The more you can pay while in school, the less you pay when you get out. And, the amount quoted isn’t much more than beer and pizza for a night out. Using the grad calculator we could easily determine what and how our kids loans would work. I also adjusted for a fixed rate, because honestly a variable is a little scary unless it’s locked in to never be more than a certain percentage.
Let’s talk about credit. Just like with any other loan your terms will be better depending on your credit score. With the calculator it is easy to indicate what type of credit you have. For credit-qualified graduate students, College Ave Student Loans offers a lower fixed interest rate than the Federal Direct PLUS loan and will not charge customers an origination fee. I’m not sure which part I like better, no origination fee (I hate paying to borrow money) or the fixed interest rate. Either way, both are very good options, which in the end save you hundreds if not thousands of dollars. Not sure where you stand with your credit score? College Ave makes that part easy too with a credit pre-qualification tool, whether you are a student applying or a parent/co-signer like us, trying to help you adult children with their higher education pursuits.
Did I mention that the calculator is FREE? You don’t even have to fill out the application form to find out the information you want and need in order to decide if 1) you want to apply for a loan and 2) if graduate school is even going to be an option based on your financial situation.
How does College Ave do all this? First, College Ave Student Loans is a leading online marketplace lender of student loans. It simplifies the student loan experience so students can get on with what matters most: graduate school admission testing, applications and recommendations… just kidding! They give you the chance to know what you are getting into before you get into it and move on to concentrate on preparing for your future. By specializing in student loans, College Ave is able to give its customers the attention they deserve and deliver loans that are simple, clear, and personalized for the individual.
This is a sponsored post written by me on behalf of College Ave Student Loans.