Mar

12
2013

Paying for College: Think You Won't Qualify for a Federal Student Loan? Think Again.

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Many families are fairly certain they won't qualify for a federal loan, so they only apply for private loans (which often come with a higher interest rate). But did you know that many federal loans don't have an income limit? "If that's not convincing enough, consider that even private lenders recommend that you consider federal loans in the college-funding process, no matter what your income," reports the Wall Street Journal in "12 Debt Myths that Trip Up Consumers." We encourage students to fill out a FAFSA and find out for themselves! 

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