After having evaluated the financial aid award, it may be necessary to apply for additional loans to pay for college. How much the family needs to borrow to meet costs. How much the family can afford to repay. The following information will help families understand and compare the different educational loans that are available. Debt is more than simply borrowing and owing money.
Debt is an obligation against a borrower's future earnings.
A consumer's ability to manage such obligations is essential to maintaining a healthy financial position. This principle applies to educational indebtedness just as it does to any type of consumer credit. To see how much your payments could be per month, you may view Nelliemae's Debt management EDvisor . . Loan provides a financing option for parents or legal guardians of dependent undergraduate students. Applicants must be creditworthy to be eligible.