STOP-Determine:
Calculate your student loan!! Know Before you owe!
Is the loan interest rate fixed? Will it change over the life of
the loan?
What is the actual cost of attendance?
What is the schools refund policy?
When does repayment begin?
Understand that your student loan can not be discharged even by a
bankruptcy.
Caution-Ask Yourself:
Am I getting the maximum guaranteed student loan (state &
federal)?
Do I understand the loan terminology?
Is my repayment plan clearly outlined?
Have I read all of the fine print?
Will I need to get a private educational loan (credit based)?
Go:
I’ve reviewed my credit report-
www.annualcreditreport.com
I’ve searched for scholarships and avoided the
scams.
I’ve checked with the Attorney General’s office in my state and
the state where the school is located to see whether complaints where filed.
I’ve compared the financial aid packages of at least two (2)
schools.
I’m confident in my decision to borrow for my school costs.
Get an Education not a Loan!!