No one wants to borrow their way through the college years. But the reality is that most families can't cover the full expense from cash flow, savings and financial aid. Even when a college meets 100% of your demonstrated financial need, a portion of the aid package probably will be loans rather than grants.
Low-rate loans to help foot the bills are plentiful, and most families have no difficulty finding educational loans to fill the gap, or even qualifying for them. Although you probably won't apply for loans until after your child graduates from high school, you should give them some thought as you're making the final choice of a school, in the spring of your child's senior year.
This planning center will help you understand the terms of the various student loans and select a lender.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
When You're Ready to Apply
Understand the basics of student loans.
Students can tap these federal loans, which offer low rates and flexible repayment terms.
How to Choose a Stafford-Loan Lender
Find a lender who offers lower fees to save money down the road.
Students with high financial need can apply for these loans, with a fixed interest rate.
These loans are made to parents based on creditworthiness, not need.
Private Loans
Tap additional funds if you need to supplement federal loans.
When You're Ready to Apply
-
Stock Market Today: Stocks Step Back From New HighsInvestors, traders and speculators continue the low-volume summer grind against now-familiar uncertainties.
-
Ask the Editor — Tax Questions on the New Senior DeductionAsk the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on the new $6,000 deduction for taxpayers 65 and older.
-
What New Tariffs Mean for Car ShoppersThe Kiplinger Letter Car deals are growing scarcer. Meanwhile, tax credits for EVs are on the way out, but tax breaks for car loans are coming.
-
AI’s Rapid Rise Sparks New Cyber ThreatsThe Kiplinger Letter Cybersecurity professionals are racing to ward off AI threats while also using AI tools to shore up defenses.
-
Blue Collar Workers Add AI to Their ToolboxesThe Kiplinger Letter AI can’t fix a leak or install lighting, but more and more tradespeople are adopting artificial intelligence for back-office work and other tasks.
-
AI Goes To SchoolThe Kiplinger Letter Artificial intelligence is rapidly heading to K-12 classrooms nationwide. Expect tech companies to cash in on the fast-emerging trend.
-
What To Know if You’re in the Market for a New Car This YearThe Kiplinger Letter Buying a new car will get a little easier, but don’t expect many deals.
-
Will Lower Mortgage Rates Bring Relief to the Housing Market?The Kiplinger Letter As mortgage rates slowly come down here's what to expect in the housing market over the next year or so.
-
Car Prices Are Finally Coming DownThe Kiplinger Letter For the first time in years, it may be possible to snag a good deal on a new car.
-
New Graduates Navigate a Challenging Labor MarketThe Kiplinger Letter Things are getting tough for new graduates. Job offers are drying up and the jobless rate is increasing. Are internships the answer?
