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How to Borrow and Save Money for College

September 2, 2008 | Personal Loans | Save Money | Student Loans | 2 Comments

Let’s face it; going to college is very expensive and can become stressful trying to figure out how to pay for it.  If borrowing for college leaves you feeling lost, be assured that you are not alone.

With so many lenders offering so many versions of basic loan types, it can be hard to find the loan that’s best for you. Having options is great. But you need a guide to set you on the right path. To accomplish this, consider SimpleTuition.

SimpleTuition is designed to help find your ideal college loan, and to help you take action. SimpleTuition allows you to compare and apply for student loans from more than 20 lenders to make the best college funding choice for you and your family.

SimpleTuition also offers an objective, sortable, online comparison solution that will make your college borrowing choices a whole lot clearer. Behind their simple, straightforward navigation, a complex engine crunches real numbers to give you real results. SimpleTuition stand behind the accuracy of our results, because they know the importance of this decision for students and families.

Another company to consider is Upromise. Whether you’re preparing for a child to someday enter college, looking to offset the costs for a child currently working toward a degree, or wanting a faster way to repay existing college loans, Upromise will guide you.

Upromise allows you to earn college savings through eligible everyday spending. You can start a college savings plan which allows you to save money on your taxes.  With Upromise you can learn about ways to pay for college and they also offers special discounts, bonuses and money-saving offers.

 

 

 

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2 Comments to “How to Borrow and Save Money for College”

  1. Jeff Frese
    5:51 am on September 3rd, 2008

    A great way to increase assets in a college savings account is by registering it with Freshman Fund (www.freshmanfund.com).

    It’s like a registry for college savings. Parents go to the site, attach their 529, create a public profile and email friends and family a link where they can contribute directly into the child’s 529 account in lieu of or in addition to the usual birthday/holiday gifts. Great for parents and great for gift givers and it’s environmentally friendly gifting.

    DISCLOSURE: I’m the founder of Freshman Fund (www.freshmanfund.com). I was at my niece’s birthday party watching her tear through a pile of gifts taller than she was. At the end of the melee my gift was tossed aside into a pile of other forgotten gifts. I spent a-lot of time and money selecting her gift and I though it was a waste. I told her parents that from now on I was just going to contribute to her college savings. I asked them what website to go to in order to that and none existed. So I started Freshman Fund (www.freshmanfund.com).

  2. EdH
    7:47 pm on September 14th, 2011

    Tuition Coach is a great addition to SimpleTuition (they bought them out), to compare offers from schools. and improve your ability and position to negotiate with schools. It doesn’t replace the basics of being realistic about picking a school or major, or how much debt to take on. You need a financial literacy education before you get the education in your field.
    EdH recently posted..Student Loan Default: It Might be the Borrower, not the SchoolMy Profile

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