PLUS loans vs Wells Fargo Student Loans

skewlcounselor
Fri, 03 May 2013 19:04:40 +0000

Whatever you do, make sure you completely understand the terms of any loan you are taking out. Figure out an anticipated monthly payment including all money you will borrow over four years (which may not wait until you graduate!) as well as the total cost of interest over the life of the loan, including origination fees. Remember to plan for tuition increases each year of 3 to 4%. Some private schools offer lower interest loans direct from the school; perhaps UMiami does too.

Also understand your anticipated income and marketability upon graduation. Do your research and proceed with caution.