Get Your Free Guide to Smart Borrowing

December 21, 2010 | posted by College Money Insider.

College is an awesome opportunity and the decision to go to college is a smart one. It’s a long-term investment – one that can pay off throughout your life many times over.

Paying for college isn’t always easy, and we know that it takes a lot of time and effort planning for financial aid, researching grants and scholarships, and when there is still not enough money, looking into student loan options.

We believe that in order to have the best possible experience with student loans, you need to be prepared. We’ve created a free guide to help you understand the critical factors of student loan borrowing.

The Guide to Smart Borrowing covers:

Knowing What You Need – Why you need to consider private student loans last, and how to figure out exactly how much money you need for college once your free financial aid and federal student loans have been maximized.
Shopping Around – The importance of taking time to find the right student loan lender and why you should use comparison sites like the Student Loan Marketplace.
Borrowing Intelligently – Just because you can get approved for a big loan, that doesn’t mean you should. This section talks about why you should only ever borrow what you need.
Asking for Help – Why having good communication with your lender while you’re in repayment is so important.

To download this free guide, just visit www.overturemarketplace.com and enter your name and email address in the form.

If you have any questions, let us know!

Written by College Money Insider

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http://www.CollegeFundingResource.com Felicia Gopaul @ Private Student Loans

I read the Guide to Smart Borrowing. There were two points in your report that I think every private student loan borrower should know. One is that “by Fall 2011, all colleges and universities are required to make one (Net Price Calculator) available to current and prospective students. The Net Price is the amount you’ll need to pay after scholarships and grants have been taken
into consideration.” Given I see borrowers, often too late, borrow more than they need and not take out the free money first, I think it is commendable that you are bringing those points to the forefront.

Second, I appreciated the fact that you given private student loan borrowers a comparison tool. As a CFP professional and a Certified College Planning Specialist, I know that the best deal on anything including student loans is not taking the only loan you’ve found. Given your loans can be 4% less – it will pay to comparison shop using a tool like you’ve made available.
http://www.overturemarketplace.com/ Jeff Sheely

Thanks, Felicia! Smart Borrowing is such an important subject, and many students simply aren’t aware of the best practices they need to follow to make informed decisions. We hope this guide will help them to better understand the process and to successfully find the funding option that fits them best. Thanks again for your feedback, and Happy Holidays!
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