Learn where to find a link to ELMSelect, what lenders will be included within it, how to compare the loan options you're given, and the tools and information you'll find. …
Details include what counts as a loan payment, where employers can deposit matches, when this goes into effect, if all employers participate, and matching limits.…
Learn about the aspects of a loan agreement, including advances, promises to pay, default, change in contact information, limits on discharge of debt in bankruptcy, and co-borrower liability.…
MEFA Loans are available nationwide, don't accrue interest until they are disbursed, are a family loan, have a small interest rate range, and include free guidance. …
Your lender will provide you with a final disclosure once your education loan is finalized, which will include the amount you borrowed, your interest rate, any fees, and how much the loan will end up costing you in total. …
Loan certification is a process in which the college you are attending reviews the amount you have requested to borrow in an education loan and ensures your eligibility to borrow.…
Learn if Federal Direct Student Loans are related to the FAFSA, what the annual loan limit is, the difference between subsidized and unsubsidized loans, how to pay the interest while in school, if the loan can be deferred in graduate school, and more. …
When talking to your child about college costs, discuss who will pay for what, who will borrow loans, what amount is feasible for a loan payment, what the four-year plan is, and what to do if you can't afford it. …
Tips include knowing the total cost of the loan, having good credit, reading the fine print, understanding that all borrowers have equal responsibility, and choosing the option that is best for your family. …
