A Quick Guide to Student Loans for College - Black Enterprise
Black Enterprise Magazine July/August 2018 Issue

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How much will that cap and gown cost you? (Image: Thinkstock)

 

Taking out a student loan may be the only way to make college affordable. But it’s a good idea to learn about the different types of student loans available and what your repayment options will be after you graduate.

Making some informed decisions about your finances before the school year begins can help put you on the fast track to financial success after graduation.

If you haven’t been able to secure college grants or scholarships, and don’t have the means to pay for higher education yourself, student loans may just be your only alternative for covering the high cost of college.

Use this brief guide to help you choose the right student loan that meets your needs:

Continue reading on next page for types of student loans

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Lynnette Khalfani-Cox

Lynnette Khalfani-Cox is co-founder of the free financial advice blog, AskTheMoneyCoach.com. Read her "Ask The Money Coach" column every Monday through Friday on BlackEnterprise.com and follow Lynnette on Twitter at @themoneycoach


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