Sunday, December 7, 2008

Surviving Student Loans

Kimberly Palmer, Senior Editor at U.S. News and Worldly Report, offers student loan advice to those weighing federal and private student loans. She emphasizes that the interest on federal student loans does not accumulate until after you graduate, while most private student loans charge interest prior to graduation, though payments are not required until after you leave school. This means that federal student loans are less expensive in the long run. Her advice:

1. Maximize Federal Loans
2. Don't Over Borrow
3. Seek Advice from Your Financial Aid Office

Watch the video:

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