Many students and their families are facing challenging economic conditions as they begin or conclude their college careers. Whether walking onto campus for the first-time or walking across the stage to get their diploma, students face the daunting challenge of covering the increasing cost a college education.
November marks the end of the six-month transition period that recent graduates are given before they are required to begin payments on their student loans. It's important that these individuals are aware of the tools available to help manage student loan repayment successfully.
Fall is also a key time for families planning how to pay for college in the future. November is National Scholarship Month and the start of scholarship application season. High school seniors and their parents are planning for their first year of college as they navigate financial aid applications. Knowing where and how to search for the right scholarships, plus understanding the application process, is vital to the success of gaining this valuable financial support.
America Saves, a project of the Consumer Federation of America, and Sallie Mae are working together to provide recent graduates information and tips on how to pay their student loans. For more information, visit www.collegeanswer.com.