In order to secure the federal direct student loan for freshman year of college, students must complete entrance counseling and the master promissory note.
Although we’re a little over 3 months away from fall semester bills we want to start to get a better idea on how we will paying that bill.
The ideal situation is that families have the resources to cover the net cost at the chosen school. In that case, the main focus is how to strategically use what resources and when to use them. The reality, however, is most families will have to borrow in order to make this happen. In this case, we want to make sure we make educated decisions around that and do it in the most responsible way. Furthermore, many will likely be somewhere in the middle of these two scenarios.
The video above takes a high level look at the timeline around paying and borrowing for college.
What you need to know about paying your college bill!