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Posted July 23, 2013 by

Getting the Most Out of Your Financial Aid Options

Green box with financial aid and dollar sign

Green box with financial aid and dollar sign. Photo courtesy of Shutterstock.

Graduating with a diploma in one hand and a hefty I-owe-you in the other hand has increasingly become the new normal.

There are more than 37 million borrowers with outstanding student loans in the United States and their numbers are rising. Meanwhile, interest rates on federal loans are rising steadily. While you may panic when you imagine that first monthly loan payment bill arriving in the mail, remember that you have options you can pursue before signing any promissory notes. Also, if you do decide to borrow, remember that not every loan offers comparable terms. (more…)