It’s that time of year. Will you soon be sending someone off to college? Are you wondering how on earth you are going to pay for it? Are you contemplating student loans? If you are then PLEASE first contemplate THIS.
This is NOT a paid post. I truly believe in the value of the Simple Tuition website and wish it had been around before I took out my student loans and borrowed too much at too high an interest rate. Here is the review I wrote about the site for Bzz Agent:
I wish this site had been around when I took out my student loans. Had I known the payback rate (monthly payment, length of terms), I would have worked more and borrowed less. Plus, the final payback price is an education in itself for the young and naive.
This shouldn’t just be a handy tool borrowers CAN use, it should be a requirement. There would be a whole lot less sticker shock when the first bill came in, and perhaps a fewer hardship defaults.
I would like to see this site add the prospective entry income of the borrower’s chosen career/field, and a projection of how much of their monthly expenditure would be repayment of student loans.
It will take a few moments of your life to look at this — and maybe save you thousands of dollars in interest fees. Check it out!.
(If you want to learn more about BzzAgent, click the frog on my sidebar.)