FA/scholarships questions

Paying for College
1

<p>We would very much appreciate help/advice/inputs with the following issues concerning our High School Senior please:</p>

<p>1] What Private loans are available that are repayable “after” the student graduates from College?</p>

<p>2] Should we accept the Direct Parent Plus Loan offered by the Colleges or rather include Offered or Suggested loan amounts in Private loans repayable
after graduation?</p>

<p>3] Since all Colleges request return of the DLE promissary note “immediately”, do we have to make a decision now on which College to go to or do we return a promissary note to “each” College or can we fill out the promissary note “independent” of any College?</p>

<p>4]For Connecticut or New Jersey, do they have a similar program to the New York State TAP program and if so, do you have to be a resident in that state to recieve the award?</p>

<p>Thanks.</p>

2

<p>Most all private loans in the student’s name w/ a cosigner are pay after college. Interest will accumulate. Contact SallieMae or NelNet.</p>

<p>PLUS loans come with good interest rates (some of the time), but the repayment terms can get hard as $ accumulate. Check out using home equity as well.</p>