diff --git a/paying_for_college/templates/choose_a_loan.html b/paying_for_college/templates/choose_a_loan.html index 7e8ac58..ea7c1e4 100644 --- a/paying_for_college/templates/choose_a_loan.html +++ b/paying_for_college/templates/choose_a_loan.html @@ -53,46 +53,46 @@
If you're considering student loans to help you pay for school, you're not alone - many students need loans to cover their full cost of attendance. In 2010, 67% of bachelor's degree recipients used loans to pay for their education. But the more money you borrow now, the higher your monthly loan payments will be after you graduate.
If you have to take out student loans, comparing your options can help you find the student loan best suited for your needs.
If you're considering student loans to help you pay for school, you're not alone - many students need loans to cover their full cost of attendance. In 2010, 67% of bachelor's degree recipients used loans to pay for their education. But the more money you borrow now, the higher your monthly loan payments will be after you graduate.
If you have to take out student loans, comparing your options can help you find the student loan best suited for your needs.
If you have to take out student loans, you essentially have two choices: federal student loans and private loans. +
If you have to take out student loans, you essentially have two choices: federal student loans and private loans.
For most borrowers, federal student loans are the best option. When you start to pay back your federal loans, the interest rate will be fixed, which will help you predict your payments after graduation. And in some cases, the federal government will pay the interest on your loans while you are in school - these loans are called subsidized loans.
Other student loans are generally private student loans. The most common private student loans are offered by banks. Their interest rates are often variable, which means your interest rates and payments could go up over time. Private loans can also be more expensive - rates have been as high as 16% over the past couple of years. And when it is time to repay, private loans don't offer as many options to reduce or postpone payments.
For most people, federal student loans are a better deal than private student loans, so you'll want to take advantage of federal options first.
-If your grants and federal loans are not enough to cover the cost of your education, you should consider the following options:
+If your grants and federal loans are not enough to cover the cost of your education, you should consider the following options:
First, make sure you need a private student loan. These loans generally are not as affordable as federal student loans and offer little repayment flexibility.
+First, make sure you need a private student loan. These loans generally are not as affordable as federal student loans and offer little repayment flexibility.
Here are some factors to consider:
@@ -114,12 +114,12 @@If you have to take out student loans, you essentially have two choices: federal student loans and private loans.
@@ -128,7 +128,7 @@Other student loans are generally private student loans. The most common private student loans are offered by banks. Their interest rates are often variable, which means your interest rates and payments could go up over time. Private loans can also be more expensive - rates have been as high as 16% over the past couple of years. And when it is time to repay, private loans don't offer as many options to reduce or postpone payments.
For most people, federal student loans are a better deal than private student loans, so you'll want to take advantage of federal options first.
If your grants and federal loans are not enough to cover the cost of your education, you should consider the following options:
First, make sure you need a private student loan. These loans generally are not as affordable as federal student loans and offer little repayment flexibility.
Here are some factors to consider:
@@ -150,27 +150,27 @@Usually your best option if your other federal aid does not cover your expense. Parents are responsible for - repaying this loan. + repaying this loan. |
Parents with PLUS loans are responsible for repaying those loans
repaying this loan.--> @@ -478,8 +479,8 @@Fill out the FAFSA
-Fill out the FAFSA
+Explore all your federal loan options first
-Shop around if your aid package doesn't cover the full cost of college
-Explore all your federal loan options first
+Shop around if your aid package doesn't cover the full cost of college
+If you’re considering student loans to help you pay for school, you’re not alone – many students need loans to cover their full cost of attendance. If you have to take out student loans, comparing your options can help you find the student loan best suited for your needs. More about student loans.
-Still need to apply for financial aid?
Visit fafsa.gov
+
Still need to apply for financial aid?
Visit fafsa.gov
As part of our Know Before You Owe project, we worked with the Department of Education to create a Financial Aid Shopping Sheet. Now that thousands of colleges are adopting this clear and comparable form, we’ve built a tool that complements the shopping sheet to help students make comparisons tailored to their individual circumstances.
-Still researching schools?
Check out College Scorecard
+
Still researching schools?
Check out College Scorecard
Unlike that first school ID photo, your first banking relationship could last long after you graduate. Making a smart decision now will mean fewer surprise fees that can add up later.
Unlike that first school ID photo, your first banking relationship could last long after you graduate. Making a smart decision now will mean fewer surprise fees that can add up later.
Choose an account as soon as possible - you should try to find one before you start school.
+Choose an account as soon as possible - you should try to find one before you start school.
Once you have a bank account, sign up for direct deposit with your school before classes start. If you are expecting money from your financial aid office, you'll often get it faster this way - it can be weeks before the school gets to writing you a paper check.
-Dig deeper when accounts are marketed as "free" or "easy" - very few accounts charge no fees at all.
+Dig deeper when accounts are marketed as "free" or "easy" - very few accounts charge no fees at all.
Does your bank charge monthly fees? Many require minimum balances or regular direct deposit to avoid monthly fees. What about out-of-network ATM fees, overdraft fees, fees to use your debit card, and fees for services like online bill-pay?
Knowing if and when fees will be charged could save you hundreds of dollars in fees each year. While half of young Americans never overdraft, the other half average approximately seven overdrafts a year. Overdrafts can cost more than $30 each; that's potentially a lot of money taken out of your pocket.
-No. Schools cannot require you to use their bank, so shop around. +
No. Schools cannot require you to use their bank, so shop around.
Choose an account as soon as possible - you should try to find one before you start school.
Once you have a bank account, sign up for direct deposit with your school before classes start. If you are expecting money from your financial aid office, you'll often get it faster this way - it can be weeks before the school gets to writing you a paper check.
Dig deeper when accounts are marketed as "free" or "easy" - very few accounts charge no fees at all.
Does your bank charge monthly fees? Many require minimum balances or regular direct deposit to avoid monthly fees. What about out-of-network ATM fees, overdraft fees, fees to use your debit card, and fees for services like online bill-pay?
Knowing if and when fees will be charged could save you hundreds of dollars in fees each year. While half of young Americans never overdraft, the other half average approximately seven overdrafts a year. Overdrafts can cost more than $30 each; that's potentially a lot of money taken out of your pocket.
No. Schools cannot require you to use their bank, so shop around.
Shop around, and don't feel limited to only the banks or credit unions that have ATMs on or near campus; some will automatically reimburse fees for using any ATM. Consider accounts that offer services like remote check deposits, mobile apps, and online bill-pay.
-Dig deeper when accounts are marketed as "free" or "easy" - very few accounts charge no fees at all.
+Shop around, and don't feel limited to only the banks or credit unions that have ATMs on or near campus; some will automatically reimburse fees for using any ATM. Consider accounts that offer services like remote check deposits, mobile apps, and online bill-pay.
+Dig deeper when accounts are marketed as "free" or "easy" - very few accounts charge no fees at all.
Signing up for a bank account now can save you headaches later, and researching accounts with the lowest fees can save you money.
-- | Virtual checking account | -Student checking account | -School-affiliated banking services | -||||||||||||||||||||||||
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+ View Banking Options
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+ You have many bank accounts options. Here are three possibilities and key factors to compare when making your decision.
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After your school takes out the cost of tuition, fees, and any on-campus living expenses from your total financial aid award, there is often money left for you to use for other expenses, like books.
-You normally have several options for how you get that money, including direct deposit to a bank account, to a card that might also double as your student ID, by check, or cash.
-After your school takes out the cost of tuition, fees, and any on-campus living expenses from your total financial aid award, there is often money left for you to use for other expenses, like books.
+You normally have several options for how you get that money, including direct deposit to a bank account, to a card that might also double as your student ID, by check, or cash.
+- | Direct deposit to personal account | -Paper check | -Financial aid disbursement account | -||||||||||||||||||||||||
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+ View aid disbursement options
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+ We encourage you to choose your disbursement option wisely. They all have benefits and risks, so the most important thing is that you understand your needs and what potential fees you will be charged to use each option.
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Choose an account as soon as possible.
-Avoid paying unexpected fees.
-Sign up for direct deposit as soon as possible.
-Choose an account as soon as possible.
+Avoid paying unexpected fees.
+Sign up for direct deposit as soon as possible.
+Do you need to get credit (for example, get a credit card, take out a mortgage, or qualify for a car loan)?
-