Melissa Korn
speaker
822 appearances
14 recordings
1 series
first heard Sep 2017
last heard Sep 2024
Melissa Korn’s voice in public audio — every appearance, attributed to the second.
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Appearances
And different federal loans have different interest rates.
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Interest starts to accrue at different stages depending on which loan you're taking out.
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And even if you're taking out the same loan for four years, each of those four years could have different interest rate.
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Understand the terminology.
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Ask the school what they mean by your aid award.
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What does an award mean to a school?
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Does that include loans?
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That's not really an award.
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That's a loan.
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Look at the net price.
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Find the line that says net price, or sometimes a school will refer to it as
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the amount you are expected to pay.
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That's the number that matters more than what they call the estimated family contribution.
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You know, there's a lot of jargon on these aid sheets, but the net price or the price you are expected to pay is the one that matters the most.
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Students take out loans expecting to earn more after graduation, right?
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They are kind of investing in their future.
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A parent is investing in their kid's future.
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Just because their kid graduates from college doesn't mean they're going to be earning more as a parent down the line.
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So their ability to repay the loan doesn't change just because their kid graduates college.
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So really thinking through their financial health, their financial future before they sign on the dotted line is really crucial
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Showing 421–440 of 822 · page 22 of 42
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