Join us for this free webinar presented by the T. Rowe Price College Savings Plan, as we answer the most common questions about 529 plans and college savings. Learn about the tax benefits of 529 plans and how they can fit into your year-end planning. If you can’t join live, just register here and we’ll send you the recording.
Join us on Thursday, September 14th at 1 PM ET / 10 AM PT as we host our annual College Savings Month Webinar presented by CollegeChoice CD 529 Savings Plan. This Saving for College-hosted panel will feature Marissa Rowe, Executive Director of the Indiana Education Savings Authority, and Rachel Biar, Nebraska Assistant State Treasurer and Director of the NEST 529 College Savings Program, discussing 529 plan FAQs and taking live questions from the audience.
Plus, win a $500 Contribution into a CollegeChoice CD Savings Plan Account!
The Indiana Education Savings Authority is giving away a $500 contribution into a CollegeChoice CD 529 Savings Plan account. One winner will be selected from the registered participants at the end of the webinar. See contest rules for details.
Join us as we celebrate 529 Day by answering your most common questions about 529 plans and college savings. Presented by the T. Rowe Price College Savings Plan, this Saving for College-hosted panel of college savings experts will inspire and inform savers as they navigate the college financing journey.
In this webinar we answer the most common questions about 529 plans and saving for education. You’ll learn how saving helps you avoid student debt, the key benefits of 529 plans, how to choose a 529 plan, and what you can pay for with it.
If you don’t qualify for graduate loan on your own, you can consider asking a friend or relative to cosign your loans. Cosigners should understand how it works and the potential risks. Cosigners are equally responsible for repaying the debt just like the student borrower. Being a cosigner affects your credit and will increase your debt-to-income ratio. This could make it more difficult to get approved for other loans, such as credit cards, auto loans and home mortgages.
Most private student loan lenders give borrowers the option to postpone payments until six months after you graduate or drop below half-time enrollment. After the six-month grace period is over, you will be required to make full payments.
Fixed rates remain the same throughout the life of the loan. Variable interest rates can fluctuate. Borrowers may be persuaded to choose a variable interest rate because it is lower, but keep in mind, this interest rate may eventually grow beyond the current fixed rate option.
You should keep your total student loan debt, including any outstanding undergraduate debt, in sync with your income after graduation. If your total student loan debt at graduation, including federal and private student loans, is no more than your annual starting salary, you should be able to afford to repay your student loans in ten years or less.
Each lender has different requirements for approval for graduate student loans. In general, you will need a good credit score, a solid credit history, attend an accredited school, and have a steady income and low debt-to-income ratio. A creditworthy cosigner may be required.
Federal Grad PLUS loans offer several federal benefits that private loans do not. This includes potential loan forgiveness and the option to temporarily stop or lower payments on your loan. If you have excellent credit, however, you might be able to qualify for a lower interest rate on a private graduate loan.